Is Westerville City Township, 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, Westerville City Township has remained a Seller's Market.
Key Takeaway
Westerville City Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Westerville City Township, OH
How much do homes in Westerville City Township, OH cost?
Median Sold Price
$427,500
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Westerville City Township have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Westerville City Township was $427,500 in May 2024, up 3.3% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $316K | $340K | +7.6% |
| 3 Bedrooms | $380K | $386.5K | +1.7% |
| 4 Bedrooms | $460K | $491.2K | +6.8% |
| 5+ Bedrooms | $506.5K | $525K | +3.6% |
Summary: Westerville City Township 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 increased by 7.6%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 3.6%.
Median Sold Price Compared To Nearby Cities
| Columbus City Township | $360K | $399.4K | +11.0% |
| Genoa Township | $475.2K | $517.1K | +8.8% |
| Orange Township | $470.4K | $511.6K | +8.8% |
| Westerville City Township | $414K | $427.5K | +3.3% |
| Westerville | $388.2K | $400.8K | +3.2% |
Housing Supply in Westerville City Township, OH
How many homes are available in Westerville City Township, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 30 | 33 | +10.0% |
Summary: The Westerville City Township real estate market had 33 homes for sale in May 2024, a 10.0% 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 | 6 | 7 | +16.7% |
| 3 Bedrooms | 8 | 5 | -37.5% |
| 4 Bedrooms | 12 | 19 | +58.3% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Westerville City Township 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 16.7%, 3 bedroom homes decreased by 37.5%, 4 bedroom homes increased by 58.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 15 | +7.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Westerville City Township, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Westerville City Township in May 2024, up by 7.1% month-over-month. Of the 15 sold homes, 13% were sold under asking, 27% were sold at asking, and 60% were sold over asking.
Days on Market for Westerville City Township, OH
How long does it take to sell a home in Westerville City Township, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 5 Days | 9 Days | +93.3% |
Summary: Homes in Westerville City Township had an average of 9 days on market in May 2024, up by 93.3% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Westerville City Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 15 homes were sold in Westerville City Township; 87% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% 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.