$950,000
0.79 Acres
Land
#224040233, Alon S Melmed, Listing Office: Red 1 Realty
Is Grove City, 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, Grove City has remained a Seller's Market.
Key Takeaway
Grove City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Grove City, OH
How much do homes in Grove City, OH cost?
Median Sold Price
$344,980
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$23,672(+7.4%)
Key Takeaway
Homes in Grove City have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in Grove City was $344,980 in October 2024, up 7.4% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $225K | N/A |
| 2 Bedrooms | $245K | $265K | +8.2% |
| 3 Bedrooms | $292.4K | $322.2K | +10.2% |
| 4 Bedrooms | $388.3K | $393.8K | +1.4% |
| 5+ Bedrooms | $525K | $503.5K | -4.1% |
Summary: Grove City 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 8.2%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes decreased by 4.1%.
Median Sold Price Compared To Nearby Cities
| Grove City | $321.3K | $344.9K | +7.4% |
| Jackson Township | $341.8K | $365.6K | +7.0% |
| Hamilton Township | $215K | $229.9K | +6.9% |
Housing Supply in Grove City, OH
How many homes are available in Grove City, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 26 | -21.2% |
Summary: The Grove City real estate market had 26 homes for sale in October 2024, a 21.2% decrease 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 19 | 15 | -21.1% |
| 4 Bedrooms | 10 | 7 | -30.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Grove City 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 decreased by 21.1%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 12 | +100.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Grove City, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Grove City in October 2024, up by 100.0% month-over-month. Of the 12 sold homes, 58% were sold under asking, 33% were sold at asking, and 8% were sold over asking.
Days on Market for Grove City, OH
How long does it take to sell a home in Grove City, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 141 Days | +436.5% |
Summary: Homes in Grove City had an average of 141 days on market in Oct 2024, up by 436.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Grove City are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 12 homes were sold in Grove City; 25% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 58% of homes were sold over 90 days.
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.