Is Heath, 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, Heath has remained a Seller's Market.
Key Takeaway
Heath is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Heath, OH
How much do homes in Heath, OH cost?
Median Sold Price
$285,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Heath have sold for 11.3% more than they did a year ago.
Summary: The median home sold price in Heath was $285,000 in May 2024, up 11.3% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $212.7K | $277.5K | +30.5% |
| 3 Bedrooms | $250K | $258.5K | +3.4% |
| 4 Bedrooms | $312.5K | $368.9K | +18.1% |
| 5+ Bedrooms | $380K | $651K | +71.3% |
Summary: Heath 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 30.5%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes increased by 71.3%.
Median Sold Price Compared To Nearby Cities
| Heath | $256K | $285K | +11.3% |
| Union Township | $289K | $319K | +10.4% |
| Franklin Township | $241.3K | $265K | +9.8% |
| Newark | $208K | $227.4K | +9.3% |
| Licking Township | $380K | $339K | -10.8% |
Housing Supply in Heath, OH
How many homes are available in Heath, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 53 | 71 | +34.0% |
Summary: The Heath real estate market had 71 homes for sale in May 2024, a 34.0% 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 | 6 | 9 | +50.0% |
| 3 Bedrooms | 36 | 50 | +38.9% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Heath 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 50%, 3 bedroom homes increased by 38.9%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 17 | +70.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Heath, you may be able to get a good deal. 41.2% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Heath in May 2024, up by 70.0% month-over-month. Of the 17 sold homes, 41% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Heath, OH
How long does it take to sell a home in Heath, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 9 Days | 41 Days | +326.5% |
Summary: Homes in Heath had an average of 41 days on market in May 2024, up by 326.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Heath are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 17 homes were sold in Heath; 65% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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Copyright 2024 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is 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. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.