Real Estate in Powell Ohio is on Fire
Zillow has declared an end to the real estate decline, but they were a few month’s late in Powell, Ohio.
The current single-family real estate market in Powell, Ohio is so hot that there is LESS THAN three months (2.7 to be exact) of inventory currently on the market in 43065 zip code.
The single-family market saw 79 houses sell in June with an average price of $321,788 or $115.37 per square foot after being on the market for 77 days. The high-water mark was $750,000 while the low was $73,000 for sold inventory.
The active market has 218 homes currently for sale with an average $464,624 or $156.80 per square foot – ranging from $72,900 all the way up to $3,950,000. The smallest home for sale in Powell is 480 square feet while the largest is 13,330 square feet.
How hot is Powell, Ohio?
A hot single-family real estate market isn’t new in this enclave of Southern Delaware County. However, the condominium market has languished in Powell, Ohio over the past five years. Suddenly the market has lit up like a Christmas tree and the inventory has shrunk to only 3.53 months.
In June, 19 condominiums sold with an average value of $189,132 on 2 bedrooms and 2 bathrooms in 1,926 square feet after being listed at $195,752 at the time it went into contract. The range of sales was from $53,240 to $380,000 with a size spread of 1,040 all the way up to 3,367 square feet.
Currently, Powell, Ohio, has 67 active condominium listings for sale averaging $231,111 or $120.78 per square foot. Prices range from $79,900 all the way up to $725,000 and from a size range from 1,040 all the way up to 5,300 square feet.
Things are hot in Powell, Ohio.