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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Westerville is a seller's market

Buyer's
Market

Difference Since October 2021

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.

How much do homes in Westerville, OH cost?

Median Sold Price

$360,333

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$25,893(+7.7%)

Key Takeaway

Homes in Westerville have sold for 7.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $101.2K$123.9K
+22.4%
2 $210K$225.2K
+7.3%
3 $291K$335.8K
+15.4%
4 $390K$416.5K
+6.8%
5+ $425K$450K
+5.9%

Median Sold Price Compared To Nearby Cities

Blendon Township
+15.5%
Columbus City Township
+11.3%
Westerville City Township
+9.0%
Genoa Township
+8.3%
Westerville
+7.7%

How many homes are available in Westerville, OH?

Number of Homes For Sale

Sep 2022Oct 2022%
103102-1.0%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 01
+100.0%
2 1722
+29.4%
3 4029
-27.5%
4 4243
+2.4%
5+ 47
+75.0%

Number of Homes Sold

Sep 2022Oct 2022%
4639-15.2%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Westerville, you could pay more than the asking price. 48.7% of homes here sold above asking price last month.

Average Sale Time

Oct 2021Oct 2022%
14 Days10 Days-27.1%

Breakdown of Home Sale Times

35 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Westerville, OH

There are 102 homes are for sale in Westerville, OH real estate market. In October 2022 in Westerville, OH there were 1% less homes for sale than in September 2022. Listings spent 10 days on the market in October 2022, and had a median list price of $360,333 during the same period. Between September 2022 and October 2022, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went up by 22.4%, 2 bedrooms properties prices increased by 7.3%, prices of 3 bedrooms properties increased by 15.4%, prices of 4 bedrooms properties went up by 6.8%, prices of 5 bedrooms properties went up by 5.9%. Volume of homes for sale changed: the quantity of 1 bedroom homes went up by 100%, the quantity of 2 bedrooms homes went up by 29.4%, 3 bedrooms homes became 27.5% less available, 4 bedrooms homes became 2.4% more available, 5 bedrooms homes inventory increased by 75%. Over 19 listings were sold over their listed price in October 2022 in Westerville, OH. In the same period over 12 listings were sold below the listed price and 8 listings were sold for the listed price.

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