Is Zanesville, 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, Zanesville has remained a Seller's Market.
Key Takeaway
Zanesville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Zanesville, OH
How much do homes in Zanesville, OH cost?
Median Sold Price
$179,175
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Zanesville have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in Zanesville was $179,175 in May 2024, up 8.5% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85K | $136K | +60.0% |
| 2 Bedrooms | $120K | $135K | +12.5% |
| 3 Bedrooms | $179.9K | $203.5K | +13.1% |
| 4 Bedrooms | $210K | $238.5K | +13.6% |
| 5+ Bedrooms | $200K | $239K | +19.5% |
Summary: Zanesville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 60%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 19.5%.
Median Sold Price Compared To Nearby Cities
| Washington Township | $204.5K | $245K | +19.8% |
| Falls Township | $225K | $263K | +16.9% |
| Zanesville | $165K | $179.1K | +8.5% |
| Springfield Township | $170K | $182.9K | +7.6% |
| Muskingum Township | $303K | $312K | +3.0% |
Housing Supply in Zanesville, OH
How many homes are available in Zanesville, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 177 | 176 | -0.6% |
Summary: The Zanesville real estate market had 176 homes for sale in May 2024, a 0.6% decrease 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 | 40 | 34 | -15.0% |
| 3 Bedrooms | 101 | 100 | -1.0% |
| 4 Bedrooms | 25 | 32 | +28.0% |
| 5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The Zanesville 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 15%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 28%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 62 | 63 | +1.6% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Zanesville, you may be able to get a good deal. 46% of homes here sold below asking price last month.
Summary: A total of 63 homes were sold or pending in Zanesville in May 2024, up by 1.6% month-over-month. Of the 63 sold homes, 46% were sold under asking, 14% were sold at asking, and 40% were sold over asking.
Days on Market for Zanesville, OH
How long does it take to sell a home in Zanesville, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 39 Days | 51 Days | +31.4% |
Summary: Homes in Zanesville had an average of 51 days on market in May 2024, up by 31.4% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
27 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Zanesville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 63 homes were sold in Zanesville; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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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.