Is New Albany, 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 Albany has remained a Seller's Market.
Housing Prices in New Albany, OH
How much do homes in New Albany, OH cost?
Median Sold Price
$550,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in New Albany was $550,000 in April 2024, down 21.4% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $187.5K | $200K | +6.7% |
2 Bedrooms | $367.6K | $300K | -18.4% |
3 Bedrooms | $537.5K | $529.9K | -1.4% |
4 Bedrooms | $789.9K | $695K | -12.0% |
5+ Bedrooms | $1.3M | $1.4M | +11.8% |
Summary: New Albany housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.7%, 2 bedroom homes decreased by 18.4%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes decreased by 12%, and 5+ bedroom homes increased by 11.8%.
Median Sold Price Compared To Nearby Cities
Jersey Township | $421.5K | $465K | +10.3% |
Columbus | $260K | $279.6K | +7.6% |
Plain Township | $730K | $770K | +5.5% |
New Albany | $700K | $550K | -21.4% |
Housing Supply in New Albany, OH
How many homes are available in New Albany, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
116 | 140 | +20.7% |
Summary: The New Albany real estate market had 140 homes for sale in April 2024, a 20.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 7 | -12.5% |
2 Bedrooms | 25 | 28 | +12.0% |
3 Bedrooms | 24 | 30 | +25.0% |
4 Bedrooms | 37 | 45 | +21.6% |
5+ Bedrooms | 22 | 30 | +36.4% |
Summary: The New Albany housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 21.6%, and 5+ bedroom homes increased by 36.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 28 | +27.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in New Albany in April 2024, up by 27.3% month-over-month. Of the 28 sold homes, 43% were sold under asking, 21% were sold at asking, and 36% were sold over asking.
Days on Market for New Albany, OH
How long does it take to sell a home in New Albany, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
5 Days | 19 Days | +282.6% |
Summary: Homes in New Albany had an average of 19 days on market in Apr 2024, up by 282.6% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 28 homes were sold in New Albany; 86% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.