Is Vandalia, 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, Vandalia has remained a Seller's Market.
Key Takeaway
Vandalia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Vandalia, OH
How much do homes in Vandalia, OH cost?
Median Sold Price
$225,000
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Vandalia have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in Vandalia was $225,000 in May 2024, up 4.7% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $116.5K | N/A |
| 2 Bedrooms | $193.5K | $178.2K | -7.9% |
| 3 Bedrooms | $190K | $206.5K | +8.7% |
| 4 Bedrooms | $300K | $300K | 0.0% |
| 5+ Bedrooms | $281K | $351.5K | +25.1% |
Summary: Vandalia 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 7.9%, 3 bedroom homes increased by 8.7%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 25.1%.
Median Sold Price Compared To Nearby Cities
| Harrison Township | $114.4K | $127.5K | +11.4% |
| Vandalia | $215K | $225K | +4.7% |
| Butler Township | $260K | $270K | +3.8% |
| Huber Heights | $208.5K | $204.9K | -1.7% |
| Bethel Township | $285K | $249K | -12.6% |
Housing Supply in Vandalia, OH
How many homes are available in Vandalia, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 45 | 55 | +22.2% |
Summary: The Vandalia real estate market had 55 homes for sale in May 2024, a 22.2% 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 | 5 | 5 | 0.0% |
| 3 Bedrooms | 29 | 35 | +20.7% |
| 4 Bedrooms | 9 | 12 | +33.3% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Vandalia 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 20.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 20 | +42.9% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Vandalia, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in Vandalia in May 2024, up by 42.9% month-over-month. Of the 20 sold homes, 35% were sold under asking, 15% were sold at asking, and 50% were sold over asking.
Days on Market for Vandalia, OH
How long does it take to sell a home in Vandalia, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 42 Days | 43 Days | +3.0% |
Summary: Homes in Vandalia had an average of 43 days on market in May 2024, up by 3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Vandalia has remained consistent over time.
Summary: During May 2024, 20 homes were sold in Vandalia; 30% of homes were sold within 30 days, 65% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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