For anyone following the Westerville, OH real estate market, it’s no surprise that 2016 finished strong. The numbers for the 4th quarter are in, so let’s take a look at the latest data for Westerville.

Westerville OH Homes For Sale/Sold/Pending/New Listings

Homes For Sale in December 2016: 133 units.

  • Down 25.7% compared to the last month
  • Down 27.7% compared to the last year

Homes Listed in December 2016: 55 units.

  • Down 46.1% compared to the last month
  • Down 24.7% compared to the last year

Homes Closed in December 2016: 100 units.

  • Down 3.8% compared to the last month
  • Down 2% compared to the last year

Homes Placed under Contract in December 2016: 102 units.

  • Up 2% compared to the last month
  • Up 30.8% compared to the last year

Westerville OH Real Estate Update 4Q 2016 Number of Homes

Westerville OH Real Estate Market Update Q4 2016 Number Of Homes

Westerville OH Real Estate Market Report 4Q 2016 Number Of Homes

Westerville OH Average Price Per Square Foot

December 2016 Average Sold Price per Square Footage is Appreciating*

Average Sold Price per Square Footage in December 2016: $118

  • Up 0.9% compared to the last month
  • Up 13.5% compared to the last year

*Based on 6 month trend – Appreciating/Depreciating/Neutral

Westerville OH Real Estate Market Report Q4 2016 Price Per Square Foot Graph

Westerville OH Real Estate Market Update 4Q2016 Avg PPSF Graph

Westerville OH Average Days On Market

December 2016 Average Days on Market trend Remains Steady*

Average Days on Market in December 2016: 28

  • Down 12.5% compared to the last month
  • Down 31.7% compared to the last year

December 2016 Sold/Original List Price Ratio Remains Steady*

Sold/Original List Price % in December 2016: 97%

  • No Change compared to the last month
  • No Change compared to the last year

*Based on 6 month trend – Rising/Falling/Remains Steady

Westerville OH Real Estate Market Report 4Q 2016 Avg DOM

Westerville OH Real Estate Market Update 4Q 2016 Avg DOM

Westerville OH Average For Sale/Sold Prices & Median Price

December 2016 Median Sold Price is Depreciating*

Average Median Sold Price in December 2016: $223

  • Down 3% compared to the last month
  • No Change compared to the last year

December 2016 Average For Sale Price is Depreciating*

Average For Sale Price (in thousand) in December 2016: $374

  • Down 3.1% compared to the last month
  • Up 2.7% compared to the last year

December 2016 Average Sold Price is Neutral*

Average Sold Price (in thousand) in December 2016: $243

  • Down 2.4% compared to the last month
  • Up 3.4% compared to the last year

*Based on 6 month trend – Appreciating/Depreciating/Neutral

Westerville OH 4Q 2016 Median Price & For Sale/Sold Price

Westerville OH Real Estate Market Update 4Q 2016 Price Compare Chart

Months Of Inventory In Westerville Ohio

December 2016 is a Seller’s market*

Months of Inventory based on Closed Sales in December 2016: 1.3

  • Down 23.2% compared to the last month
  • Down 27.7% compared to the last year

*Seller’s market: less than 3 months of inventory based on closed sales

Westerville OH Real Estate Market Update 4Q 2016 MOI

Westerville Oh Q4 2016 Real Estate Market Report of Months Of Inventory

Buying & Selling in Westerville Ohio

Despite the cold winter weather, the real estate market remains HOT in Westerville! Home values are up 8.1% over the last year, and are predicted to rise another 3.4% over the next year. If you’ve been thinking about moving to Westerville, now is a great time!

Have Questions? Ask Away!

If you have questions about this report, or want even more deep data for Westerville, please contact me, REALTORยฎ Rita Boswell, at 614-547-3229. I’m always happy to talk about the Westerville real estate market!

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