February 2018 Dublin Real Estate Market Report
Real estate market data for Dublin, OH provided by Jim West of Keller Williams Capital Partners.
Dublin Ohio Home Prices
Home prices in Dublin 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 Dublin but having a good real estate agent who understands the market is a must. Don’t wait on the sidelines for too long, many of our listings are starting to sell 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 Dublin home on which you are making an offer.
If you are interested in how much current inventory is on the market in Dublin 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 Dublin, homes have a median time of 64 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 Dublin 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 and inventory is down by 0.5% from the same month last year. Please see the chart below for current inventory level.
P.S. We try to update the Dublin Market Report every month. Please let us know if you have any questions.
Points of Note:
- 66 closed sales
- 1.7 months supply of inventory
- 64 days on market
- $321,890 average sales price
Dublin Ohio Real Estate Report Summary
The median list price in February for single family homes in Dublin was $319,900.
The median list price at time of sale increased by 16.4% from the same month last year.
The sales price per square foot for listings in this area was $138.74, up 1.4% ffrom same month last year.
The median sale price for single family homes is $304,950. The median sale prices was up by 1.4% from the same month last year.
The list price per square foot for sales in this area is $145.10. That is up 4.8% from the same month last year.
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