Is Licking County, 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, Licking County has remained a Seller's Market.
Housing Prices in Licking County, OH
How much do homes in Licking County, OH cost?
Median Sold Price
$299,911
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Licking County was $299,911 in April 2024, up 2.7% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $142K | $145K | +2.1% |
2 Bedrooms | $165K | $185.5K | +12.4% |
3 Bedrooms | $270K | $280K | +3.7% |
4 Bedrooms | $385.1K | $400K | +3.9% |
5+ Bedrooms | $476K | $484.9K | +1.9% |
Summary: Licking County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.1%, 2 bedroom homes increased by 12.4%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 1.9%.
Median Sold Price Compared To Nearby Counties
Knox County | $235K | $265K | +12.8% |
Fairfield County | $300.4K | $326.9K | +8.8% |
Delaware County | $441K | $469.1K | +6.4% |
Franklin County | $284.9K | $302.7K | +6.2% |
Licking County | $291.9K | $299.9K | +2.7% |
Housing Supply in Licking County, OH
How many homes are available in Licking County, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
762 | 845 | +10.9% |
Summary: The Licking County real estate market had 845 homes for sale in April 2024, a 10.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 109 | 107 | -1.8% |
3 Bedrooms | 373 | 411 | +10.2% |
4 Bedrooms | 215 | 250 | +16.3% |
5+ Bedrooms | 62 | 75 | +21.0% |
Summary: The Licking County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes increased by 21%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
160 | 153 | -4.4% |
Asking Price vs. Sold Price
57 Homes Were Sold
Under Asking
41 Homes Were Sold
At Asking
55 Homes Were Sold
Over Asking
Summary: A total of 153 homes were sold or pending in Licking County in April 2024, down by 4.4% month-over-month. Of the 153 sold homes, 37% were sold under asking, 27% were sold at asking, and 36% were sold over asking.
Days on Market for Licking County, OH
How long does it take to sell a home in Licking County, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 29 Days | +11.7% |
Summary: Homes in Licking County had an average of 29 days on market in Apr 2024, up by 11.7% compared to last year.
Breakdown of Home Sale Times
116 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Summary: During April 2024, 153 homes were sold in Licking County; 76% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.