Harpster & Barker Group

New Albany, OH

Single-Family Homes

Broker, MBA, BSBA Real Estate and Urban Analysis



New Albany, OH

Mon Dec 11 2023
This week the median list price for New Albany, OH is $639,900 with the market action index hovering around 46. This is less than last month's market action index of 53. Inventory has increased to 21. Click here to stay informed with the New Albany market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

New Albany, OH

Mon Dec 11 2023
This week the median list price for New Albany, OH is $639,900 with the market action index hovering around 46. This is less than last month's market action index of 53. Inventory has increased to 21. Click here to stay informed with the New Albany market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the New Albany market.
Median List Price $639,900
Median Price of New Listings $559,900
Per Square Foot $217
Average Days on Market 66
Median Days on Market 28
Price Decreased 24%
Price Increased 0%
Relisted 10%
Inventory 21
Median Rent
Market Action 46
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,500,000 4,527 1 - 2.5 acres 4 4.5 22 0 0 112
$769,900 4,126 0.25 - 0.5 acre 4 4.5 9 1 0 28
$599,000 2,975 6,500 - 8,000 sqft 4 3 19 0 0 28
$530,000 2,393 6,500 - 8,000 sqft 3 2.8 20 2 1 21