Is Commercial Point, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Commercial Point was a Buyer's Market.
Key Takeaway
Commercial Point is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Commercial Point, OH
How much do homes in Commercial Point, OH cost?
Median Sold Price
$420,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Commercial Point have sold for 15.7% more than they did a year ago.
Summary: The median home sold price in Commercial Point was $420,000 in May 2024, up 15.7% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $44.5K | $40K | -10.1% |
| 3 Bedrooms | $330K | $400K | +21.2% |
| 4 Bedrooms | $375K | $448.5K | +19.6% |
| 5+ Bedrooms | $435.2K | $420K | -3.5% |
Summary: Commercial Point 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 decreased by 10.1%, 3 bedroom homes increased by 21.2%, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes decreased by 3.5%.
Median Sold Price Compared To Nearby Cities
| Scioto Township | $330K | $382.4K | +15.9% |
| Commercial Point | $363.1K | $420K | +15.7% |
Housing Supply in Commercial Point, OH
How many homes are available in Commercial Point, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 28 | 30 | +7.1% |
Summary: The Commercial Point real estate market had 30 homes for sale in May 2024, a 7.1% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 9 | 12 | +33.3% |
| 4 Bedrooms | 14 | 13 | -7.1% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Commercial Point 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 5 | -44.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Commercial Point, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Commercial Point in May 2024, down by 44.4% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Commercial Point, OH
How long does it take to sell a home in Commercial Point, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 264 Days | 75 Days | -71.3% |
Summary: Homes in Commercial Point had an average of 75 days on market in May 2024, down by 71.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Commercial Point are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Commercial Point; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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.