Is Plain City, 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, Plain City has remained a Seller's Market.
Key Takeaway
Plain City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Plain City, OH
How much do homes in Plain City, OH cost?
Median Sold Price
$599,364
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Plain City have sold for 13.1% more than they did a year ago.
Summary: The median home sold price in Plain City was $599,364 in May 2024, up 13.1% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | - | N/A |
| 2 Bedrooms | $345.2K | $300K | -13.1% |
| 3 Bedrooms | $442.5K | $432K | -2.4% |
| 4 Bedrooms | $589.9K | $633K | +7.3% |
| 5+ Bedrooms | $704.6K | $871.6K | +23.7% |
Summary: Plain City 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 13.1%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 23.7%.
Median Sold Price Compared To Nearby Cities
| Plain City | $530.1K | $599.3K | +13.1% |
| Jerome Township | $634.1K | $696K | +9.8% |
| Darby Township | $430K | $400K | -7.0% |
Housing Supply in Plain City, OH
How many homes are available in Plain City, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 116 | 131 | +12.9% |
Summary: The Plain City real estate market had 131 homes for sale in May 2024, a 12.9% 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 | 10 | +100.0% |
| 3 Bedrooms | 37 | 46 | +24.3% |
| 4 Bedrooms | 34 | 36 | +5.9% |
| 5+ Bedrooms | 40 | 39 | -2.5% |
Summary: The Plain City 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 100%, 3 bedroom homes increased by 24.3%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 2.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 29 | 37 | +27.6% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Plain City, you may be able to get a good deal. 43.2% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in Plain City in May 2024, up by 27.6% month-over-month. Of the 37 sold homes, 43% were sold under asking, 30% were sold at asking, and 27% were sold over asking.
Days on Market for Plain City, OH
How long does it take to sell a home in Plain City, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 33 Days | 44 Days | +33.1% |
Summary: Homes in Plain City had an average of 44 days on market in May 2024, up by 33.1% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Plain City are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 37 homes were sold in Plain City; 59% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 16% 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.