Lancaster-area home prices rise 6.9% in May, with houses for sale in high demand

Judith Zeng
One of many homes for sale in Plymouth and around Metro Detroit on Thursday, April 14, 2022.

1 of lots of homes for sale in Plymouth and about Metro Detroit on Thursday, April 14, 2022.

A normal Fairfield County household outlined for $309,950 in May, up 6.9% from a month earlier, an analysis of data from Real estate agent.com exhibits.

The median checklist household price in May perhaps was up about 10.7% from Might 2021. Fairfield County’s median residence was 1,853 sq. ft for a mentioned rate of $156 for every sq. foot.

The Fairfield County marketplace was occupied, with a median nine days on industry. A thirty day period earlier, properties had a median 10 days on market. The marketplace additional 208 new property listings in Might, in contrast with the 228 included in Might 2021. The sector finished the thirty day period with some 94 listings of houses for sale.

Data on your community housing marketplace is out there by way of the United states of america Now Community, with extra knowledge from Real estate agent.com.

Across metro Columbus, median house prices rose to $340,000, up 4.6% from a thirty day period previously. The median home had 1,787 sq. feet, at a list price tag of $185 for every square foot.

Throughout all of Ohio, median residence costs were being $225,000, soaring 4.7% from a thirty day period previously. The median Ohio dwelling for sale had 1,691 sq. toes at checklist price tag of $130 per sq. foot.

Across the United States, median household prices have been $446,950, up 5.2% from a thirty day period before. The median American home for sale experienced 1,861 sq. toes, stated at $226 for every sq. foot.

The median residence listing rate — the halfway stage of all the houses or models mentioned in excess of a period of time — is utilized far more typically in this report as an alternative of the regular dwelling listing cost since gurus say the median provides a additional accurate perspective of what is actually happening in a marketplace. In finding the common price, all rates of houses outlined are extra and then divided by the range of properties marketed. This measure can be skewed by a person reduced or higher cost.

The United states Right now Network is publishing localized versions of this tale on its information internet sites throughout the country, created with facts from the Realtor.com residential listings databases.. The tale was created by Mike Stucka and Sean Lahman.

This report at first appeared on Lancaster Eagle-Gazette: Lancaster-place households for sale rise to $309,950 median price

Next Post

‘Bachelor’ stars Sean Lowe, Catherine Giudici selling University Park house

Sean Lowe and Catherine Giudici Lowe, former stars of ABC’s The Bachelor, are selling their five-bedroom home in University Park for $5 million. According to tax records, the couple purchased the home in April 2022. Property history information shows that the home was listed again about a month after the […]