Selling your home before 2022?
Start Here
Do you want content like this delivered to your inbox?
Share



Share

September 2021 Central Ohio Real Estate Market Update

Josh Dawson

My goal is simple: to help you make better real estate decisions...

My goal is simple: to help you make better real estate decisions...

Sep 21 2 minutes read

"This market is crazy!"

If I had a dollar for every time I heard that I'd be enjoying retirement by now (I'm not even 40).

But, it is. And here's why:

1) Record Low Mortgage Rates

Mortgage rates have been hovering at or below 3%, which is historically low!

2) Home Price Appreciation

Central Ohio homes have appreciated more than 12% in the last year, nearly triple the United States long-term average.

3) Inventory

In Central Ohio, it would take about one month for all of the homes to sell if no more were listed for sale after today. A balanced market has 4-6 months worth of homes for sale.

4) How Long it Takes to Sell a Home

Last year at this time, it took a seller an average of 25 days to accept an offer after they listed their home for sale. Today it takes about 11!

5) Number of Offers per Listing

Today, the average-priced home is receiving about 4.5 offers. A year ago? Just under 3.

Market Changes in Last 12 Months 

+9.3%

New Listings

-3.8%

Active Listings

-22.7%

Under Contract

+5.6%

Closed Sales


Homes Sold

102.1%

Sale-to-List Price


$309,905

Average Sales Price

1.3

Months of Supply

11

Average Days on Market

$166.98

Average Price per Square Foot

Curious about what
your home is worth now?

I'll dive into the data and let you know where your home sits in this market. 

We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies. More info