Is Grandview Heights, 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, Grandview Heights has remained a Seller's Market.
Key Takeaway
Grandview Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Grandview Heights, OH
How much do homes in Grandview Heights, OH cost?
Median Sold Price
$575,000
$319/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Grandview Heights have sold for 12.7% more than they did a year ago.
Summary: The median home sold price in Grandview Heights was $575,000 in May 2024, up 12.7% from last year, and the median price per square foot was $319.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $133.1K | $141.4K | +6.3% |
| 2 Bedrooms | $288.7K | $290K | 0.4% |
| 3 Bedrooms | $525K | $555.3K | +5.8% |
| 4 Bedrooms | $760K | $845K | +11.2% |
| 5+ Bedrooms | $775K | $917.5K | +18.4% |
Summary: Grandview Heights housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 11.2%, and 5+ bedroom homes increased by 18.4%.
Median Sold Price Compared To Nearby Cities
| Grandview Heights | $510K | $575K | +12.7% |
| Columbus | $262.2K | $279.7K | +6.7% |
| Upper Arlington | $547K | $564.3K | +3.2% |
Housing Supply in Grandview Heights, OH
How many homes are available in Grandview Heights, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 31 | 37 | +19.4% |
Summary: The Grandview Heights real estate market had 37 homes for sale in May 2024, a 19.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 11 | -8.3% |
| 3 Bedrooms | 9 | 16 | +77.8% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Grandview Heights 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 8.3%, 3 bedroom homes increased by 77.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 12 | +20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Grandview Heights, expect to pay close to the asking price. 58.3% of homes here sold near the asking price last month.
Summary: A total of 12 homes were sold or pending in Grandview Heights in May 2024, up by 20.0% month-over-month. Of the 12 sold homes, 25% were sold under asking, 58% were sold at asking, and 17% were sold over asking.
Days on Market for Grandview Heights, OH
How long does it take to sell a home in Grandview Heights, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 5 Days | 111 Days | +1847.4% |
Summary: Homes in Grandview Heights had an average of 111 days on market in May 2024, up by 1847.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Grandview Heights are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 12 homes were sold in Grandview Heights; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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.