Is Grove City, 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, Grove City has remained a Seller's Market.
Key Takeaway
Grove City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Grove City, OH
How much do homes in Grove City, OH cost?
Median Sold Price
$326,812
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Grove City have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Grove City was $326,812 in May 2024, up 3.8% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $225K | N/A |
| 2 Bedrooms | $235K | $255K | +8.5% |
| 3 Bedrooms | $287.3K | $308K | +7.2% |
| 4 Bedrooms | $376.7K | $390K | +3.5% |
| 5+ Bedrooms | $495.4K | $523.5K | +5.7% |
Summary: Grove City housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 5.7%.
Median Sold Price Compared To Nearby Cities
| Pleasant Township | $306.7K | $345K | +12.5% |
| Jackson Township | $324.9K | $350K | +7.7% |
| Grove City | $314.9K | $326.8K | +3.8% |
| Hamilton Township | $220K | $226.7K | +3.1% |
Housing Supply in Grove City, OH
How many homes are available in Grove City, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 242 | 271 | +12.0% |
Summary: The Grove City real estate market had 271 homes for sale in May 2024, a 12.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 29 | 29 | 0.0% |
| 3 Bedrooms | 124 | 143 | +15.3% |
| 4 Bedrooms | 83 | 91 | +9.6% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Grove City housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 15.3%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 68 | 88 | +29.4% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
35 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Grove City, you could pay more than the asking price. 39.8% of homes here sold above asking price last month.
Summary: A total of 88 homes were sold or pending in Grove City in May 2024, up by 29.4% month-over-month. Of the 88 sold homes, 32% were sold under asking, 28% were sold at asking, and 40% were sold over asking.
Days on Market for Grove City, OH
How long does it take to sell a home in Grove City, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 22 Days | 24 Days | +11.3% |
Summary: Homes in Grove City had an average of 24 days on market in May 2024, up by 11.3% compared to last year.
Breakdown of Home Sale Times
66 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Grove City are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 88 homes were sold in Grove City; 75% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 5% 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. 
This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are marked with the BR logo and detailed information about them includes the name of the listing brokers. Information Deemed Reliable But Not Guaranteed. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2024 DABR MLS. All Rights Reserved