Harpster & Barker Group

Powell, OH

Single-Family Homes

Broker, MBA, BSBA Real Estate and Urban Analysis



Powell, OH

Sat Dec 21 2024
This week the median list price for Powell, OH is $709,135 with the market action index hovering around 46. This is less than last month's market action index of 48. Inventory has decreased to 42. Click here to stay informed with the Powell market!

Market Action Index

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

Strong Seller's Market

Market Narrative

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.

Powell, OH

Sat Dec 21 2024
This week the median list price for Powell, OH is $709,135 with the market action index hovering around 46. This is less than last month's market action index of 48. Inventory has decreased to 42. Click here to stay informed with the Powell market!

Market Action Index

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

Strong Seller's Market

Market Narrative

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 Powell market.
Median List Price $709,135
Median Price of New Listings $529,950
Per Square Foot $226
Average Days on Market 67
Median Days on Market 46
Price Decreased 45%
Price Increased 0%
Relisted 2%
Inventory 42
Median Rent
Market Action 46
Strong Seller's Market

The market appears to be hovering around this plateau. This week prices eased down a bit. The Market Action Index is a good leading indicator for the durability of this shift.

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
$1,149,500 5,525 1 - 2.5 acres 5 4.5 29 1 1 63
$899,900 4,019 0.25 - 0.5 acre 4 3.8 19 1 0 122
$574,999 2,522 0.25 - 0.5 acre 4 2.5 19 1 1 35
$483,285 2,340 8,000 - 10,000 sqft 3 2.5 33 3 2 21