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 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 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 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
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
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, REALTOR® Rita Boswell, at 614-830-9767. I’m always happy to talk about the Westerville real estate market!
