What’s the Ohio Housing Market Like?

The Ohio housing market is hot right now, especially in places like Columbus where housing is in high demand.

There's a reason for the resiliency that has been shown in the Ohio housing market over recent years. It's a beautiful state with a relatively low cost of living and an abundance of jobs.

Whether you're looking to buy or sell a home in Ohio, now is a good time to start making the necessary moves.

For People Looking to Buy a House in Ohio

The combination of low mortgage rates and high demand for housing has made this a great time to buy a house in Ohio.

The median price of a house in the Buckeye State is currently $190,984, which is about $200,000 less than the national average. That makes for affordable mortgage payments while owning a house in one of the most naturally beautiful states in the north east.

Of course, like most of the country, the availability of houses is less than what it used to be, but that shouldn't deter a buyer who's willing to take some time to look around.

Best of all, home prices are steadily increasing across Ohio, so buying a house now is a safe investment if you're planning to sell in the future.

For People Looking to Sell a House in Ohio

The Ohio housing market is also great for sellers.

Because of the high demand and low availability, houses are selling quickly in most areas of the state. In fact, the average time on market for a house in Columbus is only 36 days.

This means that if you're looking to sell your home in Ohio, you probably won't have to wait around for too long. On top of that, there's a good chance that you're going to make a great return on your investment.

In addition, it's important to remember that prices are still increasing across Ohio. So even if your home doesn't sell right away, you can rest assured knowing that its value will go up in the near future.

Homeowners in Ohio, on average, gained about $27,000 in equity this past year alone.

Another plus is that the population across the entire state is continuing to grow, so new buyers are still moving in at a consistent rate despite the increase in housing prices.

Whether you're looking to sell now in Ohio, or even if you plan to wait a little longer, things are looking good for you.

Get a Realtor Experienced in the Ohio Housing Market

Whether you're looking to buy or sell your house, the bottom line is that Ohio is a great place to be right now.

And we would know, because we're the #1 realtor® in the Ohio Valley. All of our agents are experts on the ins and outs of the local market, and we can help you buy or sell a house in Ohio while saving you money.

Whatever it is you're looking to do in the Ohio housing market, Harvey Goodman Realtor® will work with you to get it done.

Call us today and find out how we can help you find your way home.