Is Lithopolis, 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, Lithopolis has remained a Seller's Market.
Key Takeaway
Lithopolis is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lithopolis, OH
How much do homes in Lithopolis, OH cost?
Median Sold Price
$387,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lithopolis have sold for 9% more than they did a year ago.
Summary: The median home sold price in Lithopolis was $387,000 in May 2024, up 9% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235K | - | N/A |
| 2 Bedrooms | $267.5K | $187.5K | -29.9% |
| 3 Bedrooms | $315.2K | $379.9K | +20.5% |
| 4 Bedrooms | $388K | $391.6K | +1.0% |
| 5+ Bedrooms | $383K | $430K | +12.3% |
Summary: Lithopolis 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 29.9%, 3 bedroom homes increased by 20.5%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 12.3%.
Median Sold Price Compared To Nearby Cities
| Lithopolis | $355K | $387K | +9.0% |
| Canal Winchester | $300K | $324.2K | +8.1% |
| Bloom Township | $380K | $399.9K | +5.3% |
| Canal Winchester | $319K | $325.2K | +2.0% |
| Madison Township | $249.6K | $253.1K | +1.4% |
Housing Supply in Lithopolis, OH
How many homes are available in Lithopolis, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 13 | -13.3% |
Summary: The Lithopolis real estate market had 13 homes for sale in May 2024, a 13.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Lithopolis 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 remained the same, 3 bedroom homes decreased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lithopolis, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Lithopolis in May 2024, down by 20.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% were sold over asking.
Days on Market for Lithopolis, OH
How long does it take to sell a home in Lithopolis, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 82 Days | 148 Days | +79.5% |
Summary: Homes in Lithopolis had an average of 148 days on market in May 2024, up by 79.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Lithopolis are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 4 homes were sold in Lithopolis; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% 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.