Is Pickerington, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pickerington is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Pickerington, OH

How much do homes in Pickerington, OH cost?

Median Sold Price

$415,098

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$41,945(+11.2%)

Key Takeaway

Homes in Pickerington have sold for 11.2% more than they did a year ago.

Summary: The median home sold price in Pickerington was $415,098 in March 2024, up 11.2% from last year, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $102.5K$156K
+52.2%
2 $225K$248.9K
+10.6%
3 $315K$345K
+9.5%
4 $400K$450K
+12.5%
5+ $508.5K$542.2K
+6.6%

Summary: Pickerington housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 52.2%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 6.6%.

Median Sold Price Compared To Nearby Cities

Violet Township
+11.8%
Pickerington
+11.2%
Canal Winchester
+6.4%
Reynoldsburg
+3.6%
Madison Township
+1.0%

Housing Supply in Pickerington, OH

How many homes are available in Pickerington, OH?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
180187+3.9%

Summary: The Pickerington real estate market had 187 homes for sale in March 2024, a 3.9% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 1315
+15.4%
3 4958
+18.4%
4 9794
-3.1%
5+ 2120
-4.8%

Summary: The Pickerington housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 18.4%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes decreased by 4.8%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
5645-19.6%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pickerington, you may be able to get a good deal. 37.8% of homes here sold below asking price last month.

Summary: A total of 45 homes were sold or pending in Pickerington in March 2024, down by 19.6% month-over-month. Of the 45 sold homes, 38% were sold under asking, 27% were sold at asking, and 36% were sold over asking.

Days on Market for Pickerington, OH

How long does it take to sell a home in Pickerington, OH?

Average Sale Time

Mar 2023Mar 2024CHANGE
18 Days46 Days+153.4%

Summary: Homes in Pickerington had an average of 46 days on market in Mar 2024, up by 153.4% compared to last year.

Breakdown of Home Sale Times

30 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 45 homes were sold in Pickerington; 67% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 22% 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 25 Days Ago

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