$949 Closing Credit*
$79,900
3 Beds
•1 Full Bath
Kim Wilson, Listing Office: Parry Real Estate
Is New Lexington, 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, New Lexington was a Seller's Market.
Key Takeaway
New Lexington 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 New Lexington, OH
How much do homes in New Lexington, OH cost?
Median Sold Price
$187,500
$123/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$22,500(+13.6%)
Key Takeaway
Homes in New Lexington have sold for 13.6% more than they did a year ago.
Summary: The median home sold price in New Lexington was $187,500 in October 2024, up 13.6% from last year, and the median price per square foot was $123.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $50.3K | $40K | -20.6% |
| 2 Bedrooms | $122.5K | $145.4K | +18.7% |
| 3 Bedrooms | $189K | $205.4K | +8.7% |
| 4 Bedrooms | $175K | $274.5K | +56.9% |
| 5+ Bedrooms | $332.9K | - | N/A |
Summary: New Lexington housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.6%, 2 bedroom homes increased by 18.7%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 56.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| New Lexington | $165K | $187.5K | +13.6% |
| Pike Township | $159.3K | $173.5K | +8.9% |
Housing Supply in New Lexington, OH
How many homes are available in New Lexington, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Summary: The New Lexington real estate market had 7 homes for sale in October 2024, a 22.2% 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 | 0 | -100.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The New Lexington 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 decreased by 100%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Lexington, 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 New Lexington in October 2024, down by 66.7% 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 New Lexington, OH
How long does it take to sell a home in New Lexington, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 2 Days | 5 Days | +87.5% |
Summary: Homes in New Lexington had an average of 5 days on market in Oct 2024, up by 87.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in New Lexington are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in New Lexington; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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