Is New Lexington, 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, New Lexington has remained a Seller's Market.
Housing Prices in New Lexington, OH
How much do homes in New Lexington, OH cost?
Median Sold Price
$185,000
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in New Lexington was $185,000 in May 2024, up 23.3% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $90K | $41.5K | -53.9% |
2 Bedrooms | $115K | $145.9K | +26.9% |
3 Bedrooms | $169.9K | $205K | +20.7% |
4 Bedrooms | $146K | $201.9K | +38.3% |
5+ Bedrooms | $260K | $405.9K | +56.1% |
Summary: New Lexington housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 53.9%, 2 bedroom homes increased by 26.9%, 3 bedroom homes increased by 20.7%, 4 bedroom homes increased by 38.3%, and 5+ bedroom homes increased by 56.1%.
Housing Supply in New Lexington, OH
How many homes are available in New Lexington, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
23 | 29 | +26.1% |
Summary: The New Lexington real estate market had 29 homes for sale in May 2024, a 26.1% increase 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 | 5 | 7 | +40.0% |
3 Bedrooms | 15 | 18 | +20.0% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The New Lexington 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 40%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 8 | +33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in New Lexington in May 2024, up by 33.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for New Lexington, OH
How long does it take to sell a home in New Lexington, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
21 Days | 60 Days | +176.4% |
Summary: Homes in New Lexington had an average of 60 days on market in May 2024, up by 176.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in New Lexington; 50% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.