Is 43040, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 43040 has remained a Seller's Market.
Key Takeaway
43040 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 43040, OH
How much do homes in 43040, OH cost?
Median Sold Price
$340,250
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 43040 have sold for 4% more than they did a year ago.
Summary: The median home sold price in 43040 was $340,250 in May 2024, up 4% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $459.7K | $224K | -51.3% |
| 2 Bedrooms | $174.9K | $215K | +22.9% |
| 3 Bedrooms | $301K | $316.2K | +5.1% |
| 4 Bedrooms | $388.1K | $420K | +8.2% |
| 5+ Bedrooms | $460.7K | $469K | +1.8% |
Summary: 43040 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 51.3%, 2 bedroom homes increased by 22.9%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 1.8%.
Housing Supply in 43040, OH
How many homes are available in 43040, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 120 | 137 | +14.2% |
Summary: The 43040 real estate market had 137 homes for sale in May 2024, a 14.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 23 | 26 | +13.0% |
| 3 Bedrooms | 51 | 58 | +13.7% |
| 4 Bedrooms | 38 | 43 | +13.2% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The 43040 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 increased by 13%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 39 | 41 | +5.1% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 43040, you could pay more than the asking price. 36.6% of homes here sold above asking price last month.
Summary: A total of 41 homes were sold or pending in 43040 in May 2024, up by 5.1% month-over-month. Of the 41 sold homes, 34% were sold under asking, 29% were sold at asking, and 37% were sold over asking.
Days on Market for 43040, OH
How long does it take to sell a home in 43040, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 11 Days | 15 Days | +39.2% |
Summary: Homes in 43040 had an average of 15 days on market in May 2024, up by 39.2% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 43040 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 41 homes were sold in 43040; 85% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 2% 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. 
This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are marked with the BR logo and detailed information about them includes the name of the listing brokers. Information Deemed Reliable But Not Guaranteed. The information included in this listing is provided exclusively 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. Copyright © 2024 DABR MLS. All Rights Reserved