Is New Lexington, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, New Lexington has remained a Seller's Market.
Housing Prices in New Lexington, OH
How much do homes in New Lexington, OH cost?
Median Sold Price
$170,000
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in New Lexington was $170,000 in April 2024, up 13.3% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $90K | $41.5K | -53.9% |
2 Bedrooms | $121K | $145.9K | +20.6% |
3 Bedrooms | $159K | $194.4K | +22.3% |
4 Bedrooms | $166K | $155K | -6.6% |
5+ Bedrooms | $260K | $405.9K | +56.1% |
Summary: New Lexington housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 53.9%, 2 bedroom homes increased by 20.6%, 3 bedroom homes increased by 22.3%, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes increased by 56.1%.
Median Sold Price Compared To Nearby Cities
Pike Township | $148K | $170K | +14.9% |
New Lexington | $150K | $170K | +13.3% |
Housing Supply in New Lexington, OH
How many homes are available in New Lexington, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
29 | 31 | +6.9% |
Summary: The New Lexington real estate market had 31 homes for sale in April 2024, a 6.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 19 | 22 | +15.8% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The New Lexington housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 15.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 6 | +20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in New Lexington in April 2024, up by 20.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for New Lexington, OH
How long does it take to sell a home in New Lexington, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 29 Days | +51.7% |
Summary: Homes in New Lexington had an average of 29 days on market in Apr 2024, up by 51.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in New Lexington; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.