Westerville Home Prices Report

We have not reviewed the numbers recently for Greater Westerville area and we thought now would be a good time to do so as the end of the summer season is upon us.

As can be seen, Westerville is one of the areas in Central Ohio that has held it's value more than most others.

To see all listing in the Westerville area you can go to our Westerville home search site at www.TheWestervilleMLS.com . This is a great site for both buyers and sellers...make sure you sign-up for "listings alerts" so you can stay up to the minute on any inventory changes.

OK, let take that closer look:

The median single family home price in WESTERVILLE this week is $259,900. There is currently 505 homes that have been on the market for an average of 143 days.

Inventory is tightening and days on market are falling, which mean demand is heating up. Not that this is becoming a sellers market again, but a good positive sign and a relatively bullish sign for prices. Let's see if this trend remains in place as we move into the fall selling season.



To get a tightly targeted understanding of homes in the Westerville market, we break each locale into quartiles. Each quartile is 25% of the homes listed. Make sure you request your weekly report.

As can be seen above, prices are climbing and we're nearing the market's last year’s high



REMEMBER OUR CHARTS UPDATE AUTOMATICALLY EACH WEEK, EVEN IF THE POST DATE DOES NOT

Below is a chart that is very interesting and shows the difference between what is happening in 43081 and 43082:



As can be seen, 43081 is doing much better than 43082. One of the reasons for this is the effect of the $8,000, first time home buyer tax credit that attracted buyers to lower end and more affordable homes.

For our clients we provide a 14 page weekly report for the entire Westerville area...both 43081 and 43082. Please contact to get on our client list.