Is New Albany, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Albany is a seller's market

Buyer's
Market

Difference Since May 2021

Since last year, New Albany has remained a Seller's Market.

Key Takeaway

New Albany is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in New Albany, OH cost?

Median Sold Price

$690,000

$190/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$58,700(+9.3%)

Key Takeaway

Homes in New Albany have sold for 9.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 $479.5K-
N/A
2 $408.2K$481.4K
+17.9%
3 $457K$500K
+9.4%
4 $600K$657.5K
+9.6%
5+ $896K$980K
+9.4%

Median Sold Price Compared To Nearby Cities

Jersey Township
+40.5%
Mifflin Township
+16.1%
Jefferson Township
+11.8%
New Albany
+9.3%
Plain Township
+8.1%

How many homes are available in New Albany, OH?

Number of Homes For Sale

Apr 2022May 2022%
5348-9.4%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 00
0.0%
2 43
-25.0%
3 1310
-23.1%
4 1210
-16.7%
5+ 2425
+4.2%

Number of Homes Sold

Apr 2022May 2022%
2215-31.8%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Albany, you could pay more than the asking price. 53.3% of homes here sold above asking price last month.

Average Sale Time

May 2021May 2022%
11 Days20 Days+81.2%

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in New Albany are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About New Albany, OH

Homes for sale in New Albany, OH have reached 48. The inventory of homes for sale in New Albany, OH between April 2022 and May 2022 decreased by 9.4%. In May 2022 median list price was $690,000 and the average listing age was 20 days. Between April 2022 and May 2022, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties increased by 17.9%, prices of 3 bedrooms properties went up by 9.4%, prices of 4 bedrooms properties increased by 9.6%, 5 bedrooms properties became 9.4% more expensive. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory did not change, volume of 2 bedrooms homes went down by 25%, volume of 3 bedrooms homes went down by 23.1%, 4 bedrooms homes inventory decreased by 16.7%, the quantity of 5 bedrooms homes went up by 4.2%. New Albany, OH housing market in May 2022 saw over 8 listings sold above listed price, more than 5 sold at listed price and over 2 sold below.

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