Is New Lexington, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, New Lexington has remained a Seller's Market.
Housing Prices in New Lexington, OH
How much do homes in New Lexington, OH cost?
Median Sold Price
$174,900
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in New Lexington was $174,900 in February 2024, up 19.8% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $90K | $43K | -52.2% |
2 Bedrooms | $118K | $134.9K | +14.4% |
3 Bedrooms | $150K | $191.4K | +27.6% |
4 Bedrooms | $155K | $155K | 0.0% |
5+ Bedrooms | $212.4K | $405.9K | +91.1% |
Summary: New Lexington housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 52.2%, 2 bedroom homes increased by 14.4%, 3 bedroom homes increased by 27.6%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 91.1%.
Median Sold Price Compared To Nearby Cities
New Lexington | $146K | $174.9K | +19.8% |
Pike Township | $146K | $170K | +16.4% |
Housing Supply in New Lexington, OH
How many homes are available in New Lexington, OH?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
20 | 23 | +15.0% |
Summary: The New Lexington real estate market had 23 homes for sale in February 2024, a 15.0% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 14 | 17 | +21.4% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The New Lexington housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 21.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
3 | 5 | +66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in New Lexington in February 2024, up by 66.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for New Lexington, OH
How long does it take to sell a home in New Lexington, OH?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
25 Days | 51 Days | +98.1% |
Summary: Homes in New Lexington had an average of 51 days on market in Feb 2024, up by 98.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 5 homes were sold in New Lexington; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.