Is Westerville, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Westerville has remained a Seller's Market.
Key Takeaway
Westerville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Westerville, OH
How much do homes in Westerville, OH cost?
Median Sold Price
$400,717
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Westerville have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Westerville was $400,717 in April 2024, up 6.3% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $123.9K | $180K | +45.3% |
| 2 Bedrooms | $265K | $289K | +9.1% |
| 3 Bedrooms | $345K | $363.3K | +5.3% |
| 4 Bedrooms | $434.3K | $475K | +9.4% |
| 5+ Bedrooms | $556.9K | $625K | +12.2% |
Summary: Westerville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 45.3%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 12.2%.
Median Sold Price Compared To Nearby Cities
| Blendon Township | $289.9K | $325K | +12.1% |
| Columbus City Township | $359.1K | $397.6K | +10.7% |
| Westerville | $376.8K | $400.7K | +6.3% |
| Genoa Township | $500K | $520K | +4.0% |
| Westerville City Township | $425K | $418K | -1.6% |
Housing Supply in Westerville, OH
How many homes are available in Westerville, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 301 | 345 | +14.6% |
Summary: The Westerville real estate market had 345 homes for sale in April 2024, a 14.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 54 | 53 | -1.9% |
| 3 Bedrooms | 96 | 119 | +24.0% |
| 4 Bedrooms | 126 | 142 | +12.7% |
| 5+ Bedrooms | 23 | 29 | +26.1% |
Summary: The Westerville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 24%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 26.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 79 | 105 | +32.9% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
69 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Westerville, you could pay more than the asking price. 65.7% of homes here sold above asking price last month.
Summary: A total of 105 homes were sold or pending in Westerville in April 2024, up by 32.9% month-over-month. Of the 105 sold homes, 15% were sold under asking, 19% were sold at asking, and 66% were sold over asking.
Days on Market for Westerville, OH
How long does it take to sell a home in Westerville, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 16 Days | 9 Days | -40.8% |
Summary: Homes in Westerville had an average of 9 days on market in Apr 2024, down by 40.8% compared to last year.
Breakdown of Home Sale Times
100 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Westerville are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 105 homes were sold in Westerville; 95% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 3% 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. 
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.