Is Galion, 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, Galion has remained a Seller's Market.
Key Takeaway
Galion is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Galion, OH
How much do homes in Galion, OH cost?
Median Sold Price
$180,000
$110/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Galion have sold for 21% more than they did a year ago.
Summary: The median home sold price in Galion was $180,000 in May 2024, up 21% from last year, and the median price per square foot was $110.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $425K | - | N/A |
| 2 Bedrooms | $109.7K | $97.5K | -11.2% |
| 3 Bedrooms | $148.5K | $172.2K | +16.0% |
| 4 Bedrooms | $206.7K | $212.5K | +2.8% |
| 5+ Bedrooms | $335K | $210K | -37.3% |
Summary: Galion 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 11.2%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes decreased by 37.3%.
Median Sold Price Compared To Nearby Cities
| Galion | $148.7K | $180K | +21.0% |
| Galion City Township | $138K | $145K | +5.1% |
| Polk Township | $209K | $215K | +2.9% |
| Jefferson Township | $184.9K | $182.5K | -1.3% |
Housing Supply in Galion, OH
How many homes are available in Galion, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 21 | -12.5% |
Summary: The Galion real estate market had 21 homes for sale in May 2024, a 12.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 16 | 17 | +6.3% |
| 4 Bedrooms | 4 | 1 | -75.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Galion 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 6.3%, 4 bedroom homes decreased by 75%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 5 | -50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Galion, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Galion in May 2024, down by 50.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Galion, OH
How long does it take to sell a home in Galion, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 12 Days | 24 Days | +96.8% |
Summary: Homes in Galion had an average of 24 days on market in May 2024, up by 96.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Galion are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Galion; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% 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.