Is Lockbourne, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Lockbourne was a Buyer's Market.
Key Takeaway
Lockbourne is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lockbourne, OH
How much do homes in Lockbourne, OH cost?
Median Sold Price
$499,950
$273/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Lockbourne have sold for 85.2% more than they did a month ago.
Summary: The median home sold price in Lockbourne was $499,950 in May 2024, up 85.2% from last month, and the median price per square foot was $273.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $270K | - | N/A |
| 3 Bedrooms | $176.2K | $474.9K | +169.5% |
| 4 Bedrooms | - | $650K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Lockbourne housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 169.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Lockbourne, OH
How many homes are available in Lockbourne, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 27 | 0.0% |
Summary: The Lockbourne real estate market had 27 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 21 | 20 | -4.8% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lockbourne 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 decreased by 100%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 8 | +166.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lockbourne, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Lockbourne in May 2024, up by 166.7% month-over-month. Of the 8 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Lockbourne, OH
How long does it take to sell a home in Lockbourne, OH?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 34 Days | 95 Days | +178.5% |
Summary: Homes in Lockbourne had an average of 95 days on market in May 2024, up by 178.5% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lockbourne has remained consistent over time.
Summary: During May 2024, 8 homes were sold in Lockbourne; 38% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 13% 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.