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 February 2023

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.

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

+$28,900(+19.8%)

Key Takeaway

Homes in New Lexington have sold for 19.8% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $90K$43K
-52.2%
2 $118K$134.9K
+14.4%
3 $150K$191.4K
+27.6%
4 $155K$155K
0.0%
5+ $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
+19.8%
Pike Township
+16.4%

Housing Supply in New Lexington, OH

How many homes are available in New Lexington, OH?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2023+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

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 33
0.0%
3 1417
+21.4%
4 22
0.0%
5+ 00
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 2024Feb 2024CHANGE
35+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Lexington, you may be able to get a good deal. 60% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
25 Days51 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 27 Days Ago

Newest Listings in New Lexington, OH

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