Is Heath, 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, Heath has remained a Seller's Market.
Housing Prices in Heath, OH
How much do homes in Heath, OH cost?
Median Sold Price
$285,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Heath was $285,000 in May 2024, up 11.3% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $212.7K | $277.5K | +30.5% |
3 Bedrooms | $250K | $258.5K | +3.4% |
4 Bedrooms | $312.5K | $368.9K | +18.1% |
5+ Bedrooms | $380K | $651K | +71.3% |
Summary: Heath 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 increased by 30.5%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes increased by 71.3%.
Median Sold Price Compared To Nearby Cities
Heath | $256K | $285K | +11.3% |
Union Township | $289K | $319K | +10.4% |
Franklin Township | $241.3K | $265K | +9.8% |
Newark | $208K | $227.4K | +9.3% |
Licking Township | $380K | $339K | -10.8% |
Housing Supply in Heath, OH
How many homes are available in Heath, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
53 | 71 | +34.0% |
Summary: The Heath real estate market had 71 homes for sale in May 2024, a 34.0% increase 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 | 6 | 9 | +50.0% |
3 Bedrooms | 36 | 50 | +38.9% |
4 Bedrooms | 7 | 8 | +14.3% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Heath 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 50%, 3 bedroom homes increased by 38.9%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 17 | +70.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Heath in May 2024, up by 70.0% month-over-month. Of the 17 sold homes, 41% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Heath, OH
How long does it take to sell a home in Heath, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
9 Days | 41 Days | +326.5% |
Summary: Homes in Heath had an average of 41 days on market in May 2024, up by 326.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 17 homes were sold in Heath; 65% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.