Is Plain City, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Plain City is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Plain City, OH

How much do homes in Plain City, OH cost?

Median Sold Price

$603,645

$222/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$73,650(+13.9%)

Key Takeaway

Homes in Plain City have sold for 13.9% more than they did a year ago.

Summary: The median home sold price in Plain City was $603,645 in September 2024, up 13.9% from last year, and the median price per square foot was $222.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $350K-
N/A
2 $329K$335K
+1.8%
3 $440K$490K
+11.4%
4 $594.9K$625K
+5.1%
5+ $749.4K$950K
+26.8%

Summary: Plain City housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 26.8%.

Median Sold Price Compared To Nearby Cities

Plain City
+13.9%
Jerome Township
+11.8%
Darby Township
+10.0%

Housing Supply in Plain City, OH

How many homes are available in Plain City, OH?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
4938-22.4%

Summary: The Plain City real estate market had 38 homes for sale in September 2024, a 22.4% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 1711
-35.3%
4 1514
-6.7%
5+ 1411
-21.4%

Summary: The Plain City housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 35.3%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 21.4%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
119-18.2%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Plain City, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Plain City in September 2024, down by 18.2% month-over-month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.

Days on Market for Plain City, OH

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

Average Sale Time

Sep 2023Sep 2024CHANGE
43 Days127 Days+193.4%

Summary: Homes in Plain City had an average of 127 days on market in Sep 2024, up by 193.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Plain City are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During September 2024, 9 homes were sold in Plain City; 11% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 67% 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 30 Days Ago

Newest Listings in Plain City, OH

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