Is Champaign County, 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, Champaign County has remained a Seller's Market.
Key Takeaway
Champaign County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Champaign County, OH
How much do homes in Champaign County, OH cost?
Median Sold Price
$218,900
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Champaign County have sold for 0.9% less than they did a year ago.
Summary: The median home sold price in Champaign County was $218,900 in May 2024, down 0.9% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | $132K | -40.0% |
| 2 Bedrooms | $165K | $163K | -1.2% |
| 3 Bedrooms | $215K | $219.5K | +2.1% |
| 4 Bedrooms | $279.4K | $265.5K | -5.0% |
| 5+ Bedrooms | $319K | $374.9K | +17.5% |
Summary: Champaign County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 40%, 2 bedroom homes decreased by 1.2%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 17.5%.
Median Sold Price Compared To Nearby Counties
| Clark County | $174.2K | $189.3K | +8.7% |
| Logan County | $225K | $239.9K | +6.6% |
| Union County | $315.4K | $328.1K | +4.0% |
| Champaign County | $220.9K | $218.9K | -0.9% |
| Shelby County | $187.5K | $184K | -1.9% |
Housing Supply in Champaign County, OH
How many homes are available in Champaign County, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 76 | 86 | +13.2% |
Summary: The Champaign County real estate market had 86 homes for sale in May 2024, a 13.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 44 | 49 | +11.4% |
| 4 Bedrooms | 19 | 24 | +26.3% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Champaign County 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 decreased by 14.3%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 26.3%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 25 | 23 | -8.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Champaign County, you may be able to get a good deal. 39.1% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Champaign County in May 2024, down by 8.0% month-over-month. Of the 23 sold homes, 39% were sold under asking, 35% were sold at asking, and 26% were sold over asking.
Days on Market for Champaign County, OH
How long does it take to sell a home in Champaign County, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 41 Days | 68 Days | +63.2% |
Summary: Homes in Champaign County had an average of 68 days on market in May 2024, up by 63.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Champaign County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 23 homes were sold in Champaign County; 39% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
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