Is Upper Arlington, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Upper Arlington has remained a Seller's Market.
Key Takeaway
Upper Arlington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Upper Arlington, OH
How much do homes in Upper Arlington, OH cost?
Median Sold Price
$564,300
$268/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Upper Arlington have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in Upper Arlington was $564,300 in May 2024, up 3.2% from last year, and the median price per square foot was $268.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $203.7K | +31.5% |
| 2 Bedrooms | $270K | $317.2K | +17.5% |
| 3 Bedrooms | $477.5K | $491.6K | +3.0% |
| 4 Bedrooms | $727K | $700K | -3.7% |
| 5+ Bedrooms | $1.0M | $1.1M | +10.6% |
Summary: Upper Arlington housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.5%, 2 bedroom homes increased by 17.5%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes increased by 10.6%.
Median Sold Price Compared To Nearby Cities
| Perry Township | $295.7K | $379.9K | +28.5% |
| Columbus | $262.2K | $279.7K | +6.7% |
| Norwich Township | $384K | $400.4K | +4.3% |
| Upper Arlington | $547K | $564.3K | +3.2% |
| Clinton Township | $245K | $206.5K | -15.7% |
Housing Supply in Upper Arlington, OH
How many homes are available in Upper Arlington, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 160 | 168 | +5.0% |
Summary: The Upper Arlington real estate market had 168 homes for sale in May 2024, a 5.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 20 | 20 | 0.0% |
| 3 Bedrooms | 60 | 58 | -3.3% |
| 4 Bedrooms | 55 | 62 | +12.7% |
| 5+ Bedrooms | 23 | 27 | +17.4% |
Summary: The Upper Arlington housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 17.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 56 | 67 | +19.6% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
36 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Upper Arlington, you could pay more than the asking price. 53.7% of homes here sold above asking price last month.
Summary: A total of 67 homes were sold or pending in Upper Arlington in May 2024, up by 19.6% month-over-month. Of the 67 sold homes, 27% were sold under asking, 19% were sold at asking, and 54% were sold over asking.
Days on Market for Upper Arlington, OH
How long does it take to sell a home in Upper Arlington, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 20 Days | 15 Days | -24.4% |
Summary: Homes in Upper Arlington had an average of 15 days on market in May 2024, down by 24.4% compared to last year.
Breakdown of Home Sale Times
55 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Upper Arlington are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 67 homes were sold in Upper Arlington; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% 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.