Newark-area home prices fall 3.7% in March, with houses for sale in high demand


The median sales price for a single-family home in Richmond County has decreased 1.4% since March 2021.

The median gross sales cost for a one-family members home in Richmond County has diminished 1.4% given that March 2021.

A typical Licking County house listed for $267,500 in March, down 3.7% from a month previously, an assessment of knowledge from Realtor.com reveals.

The median listing home price in March was down about 3.6% from March 2021. Licking County’s median dwelling was 1,790 square ft for a listed selling price of $147 per square foot.

The Licking County current market was chaotic, with a median 28 days on current market. The current market extra 148 new house listings in March, when compared with the 180 included in March 2021. The market place finished the month with some 88 listings of homes for sale.

Information on your neighborhood housing marketplace is available by means of the United states Today Network, with more data from Real estate agent.com.

Across metro Columbus, median household charges rose to $328,750, up 1.2% from a thirty day period earlier. The median household experienced 1,711 square ft, at a checklist rate of $183 per square foot.

Throughout all of Ohio, median house prices ended up $203,375, soaring 9.9% from a month before. The median Ohio residence for sale had 1,633 square ft at listing value of $123 for each sq. foot.

Throughout the United States, median dwelling price ranges were $404,950, up 3.2% from a month before. The median American residence for sale experienced 1,800 square toes, outlined at $214 for every sq. foot.

The median dwelling record selling price — the midway place of all the properties or models detailed above a period of time of time — is made use of additional usually in this report rather of the ordinary home checklist rate due to the fact professionals say the median provides a additional exact view of what’s happening in a market place. In acquiring the regular price, all charges of homes stated are included and then divided by the number of homes bought. This evaluate can be skewed by one very low or superior price.

The United states Today Community is publishing localized variations of this tale on its information internet sites across the region, generated with information from the Real estate agent.com household listings databases.. The story was composed by Mike Stucka and Sean Lahman.

This posting initially appeared on Newark Advocate: Newark-area residences for sale fall to $267,500 median value



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