Is Old Town East, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Old Town East was a Seller's Market.
Key Takeaway
Old Town East is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Old Town East, OH
How much do homes in Old Town East, OH cost?
Median Sold Price
$371,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Old Town East have sold for 28.3% less than they did a year ago.
Summary: The median home sold price in Old Town East was $371,000 in May 2024, down 28.3% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $425.2K | $312.4K | -26.5% |
| 3 Bedrooms | $390K | $336.9K | -13.6% |
| 4 Bedrooms | $529.1K | $440.2K | -16.8% |
| 5+ Bedrooms | $631.5K | $371K | -41.3% |
Summary: Old Town East housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 26.5%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes decreased by 16.8%, and 5+ bedroom homes decreased by 41.3%.
Median Sold Price Compared To Nearby Neighborhoods
| South of Main | $264.9K | $301K | +13.6% |
| Franklin Park | $420K | $404K | -3.8% |
| Old Town East | $517.5K | $371K | -28.3% |
Housing Supply in Old Town East, OH
How many homes are available in Old Town East, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 19 | 22 | +15.8% |
Summary: The Old Town East real estate market had 22 homes for sale in May 2024, a 15.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 4 | 7 | +75.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Old Town East housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 75%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Old Town East, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Old Town East in May 2024, the same as the previous month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Old Town East, OH
How long does it take to sell a home in Old Town East, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 7 Days | 143 Days | +1841.4% |
Summary: Homes in Old Town East had an average of 143 days on market in May 2024, up by 1841.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Old Town East are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Old Town East; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.