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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Vandalia is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Vandalia, OH

How much do homes in Vandalia, OH cost?

Median Sold Price

$225,000

$140/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$10,000(+4.7%)

Key Takeaway

Homes in Vandalia have sold for 4.7% more than they did a year ago.

Summary: The median home sold price in Vandalia was $225,000 in May 2024, up 4.7% from last year, and the median price per square foot was $140.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$116.5K
N/A
2 $193.5K$178.2K
-7.9%
3 $190K$206.5K
+8.7%
4 $300K$300K
0.0%
5+ $281K$351.5K
+25.1%

Summary: Vandalia 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 7.9%, 3 bedroom homes increased by 8.7%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 25.1%.

Median Sold Price Compared To Nearby Cities

Harrison Township
+11.4%
Vandalia
+4.7%
Butler Township
+3.8%
Huber Heights
-1.7%
Bethel Township
-12.6%

Housing Supply in Vandalia, OH

How many homes are available in Vandalia, OH?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4555+22.2%

Summary: The Vandalia real estate market had 55 homes for sale in May 2024, a 22.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 55
0.0%
3 2935
+20.7%
4 912
+33.3%
5+ 23
+50.0%

Summary: The Vandalia 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 remained the same, 3 bedroom homes increased by 20.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1420+42.9%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Vandalia, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 20 homes were sold or pending in Vandalia in May 2024, up by 42.9% month-over-month. Of the 20 sold homes, 35% were sold under asking, 15% were sold at asking, and 50% were sold over asking.

Days on Market for Vandalia, OH

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

Average Sale Time

May 2023May 2024CHANGE
42 Days43 Days+3.0%

Summary: Homes in Vandalia had an average of 43 days on market in May 2024, up by 3% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Vandalia has remained consistent over time.

Summary: During May 2024, 20 homes were sold in Vandalia; 30% of homes were sold within 30 days, 65% of homes were sold within 30 to 90 days, and 5% 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 12 Days Ago

Newest Listings in Vandalia, OH

Nearby Markets to Vandalia, OH

What housing markets are near Vandalia, OH?