November 2016 Marysville Market Report
Real estate market data for Marysville, OH provided by Jim West of Keller Williams Capital Partners.
Marysville Ohio Home Prices
Home prices in Marysville and central Ohio have hit an all time high and don’t expect things to slow down anytime soon. If you are considering buying a home you can still find deals on a house in Marysville but having a good real estate agent who understands the market is a must. Don’t wait on the sidelines for too long, most of Marysville's listings are selling within a few days of hitting the market. As you can see from the graph below, listings are not selling exactly for asking price. To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the Marysville home on which you are making an offer.
If you are interested in how much current inventory is on the market in Marysville you can find that information by clicking on the link. Our inventory is at its lowest point since 2000. High inventory will suggest that homes are sitting on the market for longer. Currently in this area of Marysville, homes have a median time of 49 days on the market before they sell. This would suggest that sellers are in a great position to make stronger counters to offers on a home.
Sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers. Low inventory in Marysville has multiple offers coming in on homes similar to what we saw back in 2005. I wouldn't expect home prices to run up quite as fast as they did back then as banks have gotten a lot stricter on lending guidelines and are no longer giving a loan to anyone with a pulse. But low inventory is one indicator that prices should continue to rise. However, inventory is up by 19 homes from the previous month. Please see the chart below for current inventory level.
Some November 2016 Highlites
- 29 new listings
- 41 closed sales
- 1.7 months supply of inventory
- 49 days on market
P.S. We try to update the Marysville Market Report every month. Please let us know if you have any questions.
The median list price in November for single family homes in Marysville was $192,000.
The list prices are up by 8.1% from the same month last year.
The sales price per square foot for listings in this area is $100.95, down .6% from August 2015.
The median sale price in August for single family homes is $190,000. The median sale prices were up by 9.5% from the same month last year.
The list price per square foot for sales in this area is $116.46.
Find Homes for Sale in Marysville Ohio
Visit our website to search for homes in Marysville or to be notified when new Marysville homes come on the market. To find out what you home is worth in the current market email us or call 614-507-5732.
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