Is Buckeye Lake, 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, Buckeye Lake has remained a Seller's Market.
Key Takeaway
Buckeye Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Buckeye Lake, OH
How much do homes in Buckeye Lake, OH cost?
Median Sold Price
$249,250
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Buckeye Lake have sold for 25.5% more than they did a year ago.
Summary: The median home sold price in Buckeye Lake was $249,250 in May 2024, up 25.5% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $61K | $240K | +293.4% |
| 2 Bedrooms | $182.5K | $180K | -1.4% |
| 3 Bedrooms | $202K | $371.4K | +83.9% |
| 4 Bedrooms | $701.7K | $221K | -68.5% |
| 5+ Bedrooms | - | - | N/A |
Summary: Buckeye Lake housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 293.4%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes increased by 83.9%, 4 bedroom homes decreased by 68.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Buckeye Lake | $198.5K | $249.2K | +25.5% |
| Walnut Township | $260K | $299.9K | +15.4% |
| Union Township | $289K | $319K | +10.4% |
| Licking Township | $380K | $339K | -10.8% |
Housing Supply in Buckeye Lake, OH
How many homes are available in Buckeye Lake, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 30 | +36.4% |
Summary: The Buckeye Lake real estate market had 30 homes for sale in May 2024, a 36.4% 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 | 5 | 9 | +80.0% |
| 3 Bedrooms | 10 | 14 | +40.0% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Buckeye Lake 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 increased by 80%, 3 bedroom homes increased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Buckeye Lake, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Buckeye Lake in May 2024, up by 75.0% month-over-month. Of the 7 sold homes, 14% were sold under asking, 29% were sold at asking, and 57% were sold over asking.
Days on Market for Buckeye Lake, OH
How long does it take to sell a home in Buckeye Lake, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 13 Days | 27 Days | +110.0% |
Summary: Homes in Buckeye Lake had an average of 27 days on market in May 2024, up by 110% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Buckeye Lake are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Buckeye Lake; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% 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.