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The Central Ohio housing market showed strong activity for the month of October 2024. With 2,539 home sales reported, there’s been a 7.6% increase year-over-year, signaling ongoing growth. At the same time, inventory in Central Ohio is up by 27.8%, giving homebuyers more options to choose from.
The median sale price for homes in the region hit $315,000, slightly down from last month. On average, buyers also negotiated discounts of up to 3.1% off original list prices. This indicates that right now is a fantastic time for homebuyers and real estate investors to find deals.
Additionally, October also saw a few specific areas in the market with notable growth. Grove City real estate increased by 11%, homes in the Olentangy School District increased by 10%, and Lancaster homes have surged by a whopping 68%!! These hot neighborhoods are thriving, with increasing demand driving home prices higher. For sellers, this still means that pricing strategy is critical, especially if your home is located outside these high-demand areas. When you work with me as your listing agent, I will help you optimize your home pricing to ensure your listing stands out in this competitive market.
Whether you’re buying your first home, selling your current home, or considering a move to Central Ohio in 2025, my exclusive Buyer’s & Seller’s Guides will give you the edge you need. Reach out today to get started!
For a more detailed look into the latest Columbus housing trends, check out the official October Market Report from Columbus Realtors here.
