Is Powell, 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, Powell has remained a Seller's Market.
Housing Prices in Powell, OH
How much do homes in Powell, OH cost?
Median Sold Price
$499,990
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $275K | $157K | -42.9% |
2 Bedrooms | $315K | $325K | +3.2% |
3 Bedrooms | $430.9K | $447.2K | +3.8% |
4 Bedrooms | $575K | $585K | +1.7% |
5+ Bedrooms | $702.2K | $931.2K | +32.6% |
Summary: Powell housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 42.9%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 32.6%.
Median Sold Price Compared To Nearby Cities
Liberty Township | $553.4K | $563.6K | +1.8% |
Powell | $500K | $499.9K | 0% |
Housing Supply in Powell, OH
How many homes are available in Powell, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
153 | 189 | +23.5% |
Summary: The Powell real estate market had 189 homes for sale in May 2024, a 23.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 17 | 15 | -11.8% |
3 Bedrooms | 59 | 71 | +20.3% |
4 Bedrooms | 56 | 75 | +33.9% |
5+ Bedrooms | 21 | 27 | +28.6% |
Summary: The Powell housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 11.8%, 3 bedroom homes increased by 20.3%, 4 bedroom homes increased by 33.9%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
51 | 60 | +17.6% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Summary: A total of 60 homes were sold or pending in Powell in May 2024, up by 17.6% month-over-month. Of the 60 sold homes, 28% were sold under asking, 23% were sold at asking, and 48% were sold over asking.
Days on Market for Powell, OH
How long does it take to sell a home in Powell, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
31 Days | 32 Days | +3.1% |
Summary: Homes in Powell had an average of 32 days on market in May 2024, up by 3.1% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 60 homes were sold in Powell; 67% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.