Is Castalia, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Castalia is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Castalia was a Seller's Market.

Key Takeaway

Castalia is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Castalia, OH

How much do homes in Castalia, OH cost?

Median Sold Price

$226,000

$125/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$6,000(+2.7%)

Key Takeaway

Homes in Castalia have sold for 2.7% more than they did a year ago.

Summary: The median home sold price in Castalia was $226,000 in November 2024, up 2.7% from last year, and the median price per square foot was $125.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $185.7K$155K
-16.6%
3 $216K$200K
-7.4%
4 $228.5K$270K
+18.2%
5+ --
N/A

Summary: Castalia housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 16.6%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Margaretta Township
+23.0%
Castalia
+2.7%

Housing Supply in Castalia, OH

How many homes are available in Castalia, OH?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
107-30.0%

Summary: The Castalia real estate market had 7 homes for sale in November 2024, a 30.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 86
-25.0%
4 21
-50.0%
5+ 00
0.0%

Summary: The Castalia housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
41-75.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Castalia, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Castalia in November 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Castalia, OH

How long does it take to sell a home in Castalia, OH?

Average Sale Time

Nov 2023Nov 2024CHANGE
25 Days305 Days+1103.9%

Summary: Homes in Castalia had an average of 305 days on market in Nov 2024, up by 1103.9% 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

Breakdown of Home Sale Times

Key Takeaway

Most homes in Castalia are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 1 homes were sold in Castalia; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in Castalia, OH

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