$2,553 Closing Credit*
$215,000
3,088 SqFt
4 Beds
•2 Full Baths, 4 Partial
V Patrick Hamilton, Listing Office: RE/MAX Alliance Realty
Is 45506, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 45506 was a Seller's Market.
Key Takeaway
45506 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 45506, OH
How much do homes in 45506, OH cost?
Median Sold Price
$125,000
$95/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,750(+13.4%)
Key Takeaway
Homes in 45506 have sold for 13.4% more than they did a year ago.
Summary: The median home sold price in 45506 was $125,000 in October 2024, up 13.4% from last year, and the median price per square foot was $95.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $115K | N/A |
| 2 Bedrooms | $110K | $83.7K | -23.9% |
| 3 Bedrooms | $115K | $125K | +8.7% |
| 4 Bedrooms | $103K | $129.4K | +25.7% |
| 5+ Bedrooms | $100.5K | $147.9K | +47.2% |
Summary: 45506 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 decreased by 23.9%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 25.7%, and 5+ bedroom homes increased by 47.2%.
Housing Supply in 45506, OH
How many homes are available in 45506, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 | 40 | +14.3% |
Summary: The 45506 real estate market had 40 homes for sale in October 2024, a 14.3% 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 | 4 | 7 | +75.0% |
| 3 Bedrooms | 23 | 25 | +8.7% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 45506 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 increased by 75%, 3 bedroom homes increased by 8.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 45506, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in 45506 in October 2024, down by 37.5% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for 45506, OH
We’re sorry, we don't have information for this market at the moment
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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.