Is Centerburg, 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, Centerburg has remained a Seller's Market.
Key Takeaway
Centerburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Centerburg, OH
How much do homes in Centerburg, OH cost?
Median Sold Price
$400,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Centerburg have sold for 37.9% more than they did a year ago.
Summary: The median home sold price in Centerburg was $400,000 in May 2024, up 37.9% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | $210K | +75.0% |
| 2 Bedrooms | $138K | $208.4K | +51.1% |
| 3 Bedrooms | $300K | $350K | +16.7% |
| 4 Bedrooms | $335K | $438K | +30.7% |
| 5+ Bedrooms | $1.0M | $448.4K | -55.2% |
Summary: Centerburg housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 75%, 2 bedroom homes increased by 51.1%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 30.7%, and 5+ bedroom homes decreased by 55.2%.
Median Sold Price Compared To Nearby Cities
| Centerburg | $290K | $400K | +37.9% |
| Hilliar Township | $290K | $344K | +18.6% |
Housing Supply in Centerburg, OH
How many homes are available in Centerburg, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Summary: The Centerburg real estate market had 12 homes for sale in May 2024, a 7.7% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 8 | 6 | -25.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Centerburg 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 remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Centerburg, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Centerburg in May 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Centerburg, OH
How long does it take to sell a home in Centerburg, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 29 Days | 22 Days | -23.4% |
Summary: Homes in Centerburg had an average of 22 days on market in May 2024, down by 23.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Centerburg are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Centerburg; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% 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.