$4,394 Closing Credit*
$370,000
#224041105, Leah A Bastin, Listing Office: Cutler Real Estate
Is Southern Orchards, 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, Southern Orchards has remained a Seller's Market.
Key Takeaway
Southern Orchards is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southern Orchards, OH
How much do homes in Southern Orchards, OH cost?
Median Sold Price
$292,500
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,000(+7.3%)
Key Takeaway
Homes in Southern Orchards have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Southern Orchards was $292,500 in October 2024, up 7.3% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $200.7K | $240K | +19.6% |
| 3 Bedrooms | $283.5K | $290K | +2.3% |
| 4 Bedrooms | $345K | $317.5K | -8.0% |
| 5+ Bedrooms | $156K | $322K | +106.4% |
Summary: Southern Orchards 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 19.6%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes increased by 106.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Driving Park | $195K | $224K | +14.9% |
| Southern Orchards | $272.5K | $292.5K | +7.3% |
Housing Supply in Southern Orchards, OH
How many homes are available in Southern Orchards, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Summary: The Southern Orchards real estate market had 4 homes for sale in October 2024, a 20.0% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Southern Orchards 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 remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
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 Southern Orchards, 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 Southern Orchards in October 2024, the same as the previous 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 Southern Orchards, OH
How long does it take to sell a home in Southern Orchards, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 314 Days | +1295.6% |
Summary: Homes in Southern Orchards had an average of 314 days on market in Oct 2024, up by 1295.6% 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
Key Takeaway
Most homes in Southern Orchards are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 1 homes were sold in Southern Orchards; 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.
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.