Is Xenia, 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, Xenia has remained a Seller's Market.
Key Takeaway
Xenia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Xenia, OH
How much do homes in Xenia, OH cost?
Median Sold Price
$206,233
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Xenia have sold for 0.9% less than they did a year ago.
Summary: The median home sold price in Xenia was $206,233 in May 2024, down 0.9% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $60.7K | $76.5K | +26.0% |
| 2 Bedrooms | $150K | $118K | -21.3% |
| 3 Bedrooms | $175.7K | $190K | +8.1% |
| 4 Bedrooms | $282K | $310K | +9.9% |
| 5+ Bedrooms | $349.5K | $358.6K | +2.6% |
Summary: Xenia housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26%, 2 bedroom homes decreased by 21.3%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 2.6%.
Median Sold Price Compared To Nearby Cities
| Beavercreek Township | $300.2K | $325K | +8.3% |
| Xenia | $208.2K | $206.2K | -0.9% |
| Xenia Township | $210.6K | $206.2K | -2.0% |
| Spring Valley Township | $380K | $307.5K | -19.1% |
Housing Supply in Xenia, OH
How many homes are available in Xenia, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 145 | 138 | -4.8% |
Summary: The Xenia real estate market had 138 homes for sale in May 2024, a 4.8% decrease 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 | 10 | 6 | -40.0% |
| 3 Bedrooms | 70 | 72 | +2.9% |
| 4 Bedrooms | 53 | 46 | -13.2% |
| 5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The Xenia 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 decreased by 40%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 13.2%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 43 | 52 | +20.9% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Xenia, you could pay more than the asking price. 38.5% of homes here sold above asking price last month.
Summary: A total of 52 homes were sold or pending in Xenia in May 2024, up by 20.9% month-over-month. Of the 52 sold homes, 31% were sold under asking, 31% were sold at asking, and 38% were sold over asking.
Days on Market for Xenia, OH
How long does it take to sell a home in Xenia, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 50 Days | 54 Days | +8.6% |
Summary: Homes in Xenia had an average of 54 days on market in May 2024, up by 8.6% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
33 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Xenia has remained consistent over time.
Summary: During May 2024, 52 homes were sold in Xenia; 23% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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