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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Westerville City Township is a seller's market

Buyer's
Market

Difference Since January 2022

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

Key Takeaway

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

How much do homes in Westerville City Township, OH cost?

Median Sold Price

$425,000

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

+$34,000(+8.7%)

Key Takeaway

Homes in Westerville City Township have sold for 8.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 --
N/A
2 $317.2K$283.3K
-10.7%
3 $352.9K$390K
+10.5%
4 $425K$467.5K
+10.0%
5+ $509.7K$505K
-0.9%

Median Sold Price Compared To Nearby Cities

Columbus City Township
+10.8%
Genoa Township
+10.6%
Westerville
+10.3%
Westerville City Township
+8.7%
Orange Township
+8.7%

How many homes are available in Westerville City Township, OH?

Number of Homes For Sale

Dec 2022Jan 2023%
1514-6.7%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 00
0.0%
2 35
+66.7%
3 54
-20.0%
4 65
-16.7%
5+ 10
-100.0%

Number of Homes Sold

Dec 2022Jan 2023%
83-62.5%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Westerville City Township, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Average Sale Time

Jan 2022Jan 2023%
15 Days40 Days+158.1%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 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 City Township 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 City Township, OH

Westerville City Township, OH has 14 homes for sale to choose from. The number of homes for sale in Westerville City Township, OH decreased by 6.7% between December 2022 and January 2023. While the average time on the market in January 2023 was 40 days, the median list price was $425,000. Real estate listing prices changed between December 2022 and January 2023: prices of 1 bedroom properties increased by 0%, prices of 2 bedrooms properties went down by 10.7%, 3 bedrooms properties prices increased by 10.5%, the cost of 4 bedrooms properties went up by 10%, 5 bedrooms properties prices decreased by 0.9%. Housing inventory have changed in this real estate market: volume of 1 bedroom homes stayed the same, volume of 2 bedrooms homes went up by 66.7%, volume of 3 bedrooms homes went down by 20%, number of 4 bedrooms homes decreased by 16.7%, volume of 5 bedrooms homes went down by 100%. In January 2023, from all listings sold in Westerville City Township, OH there were more than 0 sold above asking price, over 1 sold below and more than 2 were sold right at the asked price.

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