Is Lewis Center, 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, Lewis Center has remained a Seller's Market.
Key Takeaway
Lewis Center is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lewis Center, OH
How much do homes in Lewis Center, OH cost?
Median Sold Price
$499,950
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lewis Center have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Lewis Center was $499,950 in May 2024, up 7.3% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $276.5K | $243.7K | -11.8% |
| 3 Bedrooms | $386K | $401K | +3.9% |
| 4 Bedrooms | $535K | $540K | +0.9% |
| 5+ Bedrooms | $632.5K | $672.8K | +6.4% |
Summary: Lewis Center housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.8%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 6.4%.
Median Sold Price Compared To Nearby Cities
| Columbus City Township | $360K | $399.4K | +11.0% |
| Orange Township | $470.4K | $511.6K | +8.8% |
| Berlin Township | $565K | $612.5K | +8.4% |
| Lewis Center | $466.1K | $499.9K | +7.3% |
| Liberty Township | $553.4K | $563.6K | +1.8% |
Housing Supply in Lewis Center, OH
How many homes are available in Lewis Center, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 94 | 113 | +20.2% |
Summary: The Lewis Center real estate market had 113 homes for sale in May 2024, a 20.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 9 | +80.0% |
| 3 Bedrooms | 32 | 36 | +12.5% |
| 4 Bedrooms | 39 | 50 | +28.2% |
| 5+ Bedrooms | 17 | 17 | 0.0% |
Summary: The Lewis Center housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 80%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 28.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 25 | 31 | +24.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lewis Center, you could pay more than the asking price. 51.6% of homes here sold above asking price last month.
Summary: A total of 31 homes were sold or pending in Lewis Center in May 2024, up by 24.0% month-over-month. Of the 31 sold homes, 42% were sold under asking, 6% were sold at asking, and 52% were sold over asking.
Days on Market for Lewis Center, OH
How long does it take to sell a home in Lewis Center, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 26 Days | 33 Days | +26.4% |
Summary: Homes in Lewis Center had an average of 33 days on market in May 2024, up by 26.4% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lewis Center are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 31 homes were sold in Lewis Center; 61% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 10% 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.