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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Groveport is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, Groveport has remained a Seller's Market.

Key Takeaway

Groveport is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Groveport, OH

How much do homes in Groveport, OH cost?

Median Sold Price

$295,000

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$1,900(-0.6%)

Key Takeaway

Homes in Groveport have sold for 0.6% less than they did a year ago.

Summary: The median home sold price in Groveport was $295,000 in December 2024, down 0.6% from last year, and the median price per square foot was $176.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $200K$235K
+17.5%
3 $285K$296.3K
+4.0%
4 $340K$355K
+4.4%
5+ $365K$435K
+19.2%

Summary: Groveport housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.5%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 19.2%.

Median Sold Price Compared To Nearby Cities

Hamilton Township
+7.3%
Madison Township
+2.8%
Canal Winchester
+0.6%
Groveport
-0.6%
Obetz
-1.8%

Housing Supply in Groveport, OH

How many homes are available in Groveport, OH?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
4547+4.4%

Summary: The Groveport real estate market had 47 homes for sale in December 2024, a 4.4% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 99
0.0%
3 2424
0.0%
4 1113
+18.2%
5+ 11
0.0%

Summary: The Groveport housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1114+27.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Groveport, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Groveport in December 2024, up by 27.3% month-over-month. Of the 14 sold homes, 50% were sold under asking, 21% were sold at asking, and 29% were sold over asking.

Days on Market for Groveport, OH

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

Average Sale Time

Dec 2023Dec 2024CHANGE
21 Days33 Days+57.0%

Summary: Homes in Groveport had an average of 33 days on market in Dec 2024, up by 57% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Groveport are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 14 homes were sold in Groveport; 50% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 14% 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 4 Days Ago

Newest Listings in Groveport, OH

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