Is Mount Gilead, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Mount Gilead was a Seller's Market.
Key Takeaway
Mount Gilead is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Mount Gilead, OH
How much do homes in Mount Gilead, OH cost?
Median Sold Price
$295,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Mount Gilead have sold for 32.6% more than they did a year ago.
Summary: The median home sold price in Mount Gilead was $295,000 in April 2024, up 32.6% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $35.5K | - | N/A |
| 2 Bedrooms | $144K | $205.2K | +42.6% |
| 3 Bedrooms | $233K | $272.6K | +17.0% |
| 4 Bedrooms | $305K | $356.4K | +16.9% |
| 5+ Bedrooms | $420.9K | $465K | +10.5% |
Summary: Mount Gilead housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 42.6%, 3 bedroom homes increased by 17%, 4 bedroom homes increased by 16.9%, and 5+ bedroom homes increased by 10.5%.
Median Sold Price Compared To Nearby Cities
| Mount Gilead | $222.4K | $295K | +32.6% |
| Gilead Township | $171K | $210K | +22.8% |
| Edison | $200K | $207K | +3.5% |
Housing Supply in Mount Gilead, OH
How many homes are available in Mount Gilead, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 50 | 56 | +12.0% |
Summary: The Mount Gilead real estate market had 56 homes for sale in April 2024, a 12.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 10 | +25.0% |
| 3 Bedrooms | 27 | 26 | -3.7% |
| 4 Bedrooms | 9 | 12 | +33.3% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Mount Gilead housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Gilead, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Mount Gilead in April 2024, down by 20.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Mount Gilead, OH
How long does it take to sell a home in Mount Gilead, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 39 Days | 33 Days | -15.2% |
Summary: Homes in Mount Gilead had an average of 33 days on market in Apr 2024, down by 15.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Mount Gilead are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Mount Gilead; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% 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.