Is Powell, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Powell has remained a Seller's Market.
Key Takeaway
Powell is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Powell, OH
How much do homes in Powell, OH cost?
Median Sold Price
$499,645
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Powell have sold for 2% less than they did a year ago.
Summary: The median home sold price in Powell was $499,645 in March 2024, down 2% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $157K | N/A |
| 2 Bedrooms | $315K | $305K | -3.2% |
| 3 Bedrooms | $457.2K | $440.8K | -3.6% |
| 4 Bedrooms | $590K | $578.3K | -2.0% |
| 5+ Bedrooms | $690K | $916.2K | +32.8% |
Summary: Powell housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.2%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 32.8%.
Median Sold Price Compared To Nearby Cities
| Liberty Township | $570K | $575K | +0.9% |
| Powell | $510K | $499.6K | -2.0% |
Housing Supply in Powell, OH
How many homes are available in Powell, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 166 | 177 | +6.6% |
Summary: The Powell real estate market had 177 homes for sale in March 2024, a 6.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 25 | 26 | +4.0% |
| 3 Bedrooms | 73 | 70 | -4.1% |
| 4 Bedrooms | 52 | 63 | +21.2% |
| 5+ Bedrooms | 15 | 17 | +13.3% |
Summary: The Powell 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 4%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 21.2%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 32 | 43 | +34.4% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Powell, you could pay more than the asking price. 46.5% of homes here sold above asking price last month.
Summary: A total of 43 homes were sold or pending in Powell in March 2024, up by 34.4% month-over-month. Of the 43 sold homes, 35% were sold under asking, 19% were sold at asking, and 47% were sold over asking.
Days on Market for Powell, OH
How long does it take to sell a home in Powell, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 40 Days | 25 Days | -37.0% |
Summary: Homes in Powell had an average of 25 days on market in Mar 2024, down by 37% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Powell are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 43 homes were sold in Powell; 88% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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Copyright 2024 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.