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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Lexington is a seller's market

Buyer's
Market

Difference Since November 2021

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

Key Takeaway

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

How much do homes in New Lexington, OH cost?

Median Sold Price

$138,700

$99/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$8,700(+6.7%)

Key Takeaway

Homes in New Lexington have sold for 6.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $110K$93.5K
-15.0%
2 $113.5K$117.5K
+3.5%
3 $139.9K$140K
0.0%
4 $161K$150K
-6.8%
5+ -$164.9K
N/A

Median Sold Price Compared To Nearby Cities

New Lexington
+6.7%
Pike Township
0.1%

How many homes are available in New Lexington, OH?

Number of Homes For Sale

Oct 2022Nov 2022%
1915-21.1%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 12
+100.0%
2 42
-50.0%
3 99
0.0%
4 52
-60.0%
5+ 00
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
84-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Lexington, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Average Sale Time

Nov 2021Nov 2022%
154 Days11 Days-92.7%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in New Lexington 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 Lexington, OH

There are 15 homes are for sale in New Lexington, OH real estate market. The number of homes for sale in New Lexington, OH decreased by 21.1% between October 2022 and November 2022. In November 2022 median list price was $138,700 and the average listing age was 11 days. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties decreased by 15%, prices of 2 bedrooms properties went up by 3.5%, prices of 3 bedrooms properties stayed the same, prices of 4 bedrooms properties decreased by 6.8%, prices of 5 bedrooms properties went up by 0%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes increased by 100%, the quantity of 2 bedrooms homes went down by 50%, 3 bedrooms homes did not move, 4 bedrooms homes became 60% less available, volume of 5 bedrooms homes stayed the same. In November 2022 more than 3 listings in New Lexington, OH were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 1 were sold below.