Is New Concord, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, New Concord has remained a Seller's Market.
Key Takeaway
New Concord is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Concord, OH
How much do homes in New Concord, OH cost?
Median Sold Price
$220,000
$110/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since May 2023.
Key Takeaway
The sold price of homes in New Concord has remained the same since last year.
Summary: The median home sold price in New Concord was $220,000 in May 2024, the same as last year, and the median price per square foot was $110.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $199.9K | $490K | +145.0% |
| 3 Bedrooms | $220K | $218K | -0.9% |
| 4 Bedrooms | $240K | $354.9K | +47.9% |
| 5+ Bedrooms | $210K | $173K | -17.6% |
Summary: New Concord 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 increased by 145%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 47.9%, and 5+ bedroom homes decreased by 17.6%.
Median Sold Price Compared To Nearby Cities
| Union Township | $215K | $235K | +9.3% |
| New Concord | $220K | $220K | 0.0% |
Housing Supply in New Concord, OH
How many homes are available in New Concord, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 15 | +87.5% |
Summary: The New Concord real estate market had 15 homes for sale in May 2024, a 87.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 7 | +75.0% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The New Concord housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 75%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 0 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Concord, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in New Concord in May 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 75% were sold at asking, and 0% were sold over asking.
Days on Market for New Concord, OH
How long does it take to sell a home in New Concord, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 50 Days | 48 Days | -4.3% |
Summary: Homes in New Concord had an average of 48 days on market in May 2024, down by 4.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in New Concord are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in New Concord; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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