$2,328 Closing Credit*
$196,000
1,344 SqFt
4 Beds
•2 Full Baths, 1 Partial
M. Larry Lemonds, Listing Office: RE/MAX Victory + Affiliates
Is 45505, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 45505 has remained a Seller's Market.
Key Takeaway
45505 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 45505, OH
How much do homes in 45505, OH cost?
Median Sold Price
$148,000
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$40,100(+37.2%)
Key Takeaway
Homes in 45505 have sold for 37.2% more than they did a year ago.
Summary: The median home sold price in 45505 was $148,000 in October 2024, up 37.2% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $32K | - | N/A |
| 2 Bedrooms | $92.2K | $115K | +24.7% |
| 3 Bedrooms | $121.5K | $155K | +27.6% |
| 4 Bedrooms | $166.2K | $179K | +7.7% |
| 5+ Bedrooms | $169.9K | $197.5K | +16.2% |
Summary: 45505 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 24.7%, 3 bedroom homes increased by 27.6%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 16.2%.
Housing Supply in 45505, OH
How many homes are available in 45505, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 60 | 68 | +13.3% |
Summary: The 45505 real estate market had 68 homes for sale in October 2024, a 13.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 17 | 17 | 0.0% |
| 3 Bedrooms | 30 | 37 | +23.3% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The 45505 housing inventory by bedroom type for October 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 23.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 22 | +83.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 45505, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in 45505 in October 2024, up by 83.3% month-over-month. Of the 22 sold homes, 45% were sold under asking, 18% were sold at asking, and 36% were sold over asking.
Days on Market for 45505, OH
How long does it take to sell a home in 45505, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 2 Days | 98 Days | +4800.0% |
Summary: Homes in 45505 had an average of 98 days on market in Oct 2024, up by 4800% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in 45505 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 22 homes were sold in 45505; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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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.