Harpster & Barker Group

Powell, OH

Single-Family Homes

Broker, MBA, BSBA Real Estate and Urban Analysis



Powell, OH

Sun Oct 06 2024
This week the median list price for Powell, OH is $721,685 with the market action index hovering around 49. This is about the same as last month's market action index of 49. Inventory has decreased to 50. 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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

Sun Oct 06 2024
This week the median list price for Powell, OH is $721,685 with the market action index hovering around 49. This is about the same as last month's market action index of 49. Inventory has decreased to 50. 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $721,685
Median Price of New Listings $525,000
Per Square Foot $229
Average Days on Market 70
Median Days on Market 49
Price Decreased 62%
Price Increased 0%
Relisted 4%
Inventory 50
Median Rent
Market Action 49
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
$1,172,000 5,204 0.5 - 1 acre 4 4.5 29 1 1 77
$844,900 4,019 0.5 - 1 acre 4 3.5 25 1 3 59
$675,000 2,628 8,000 - 10,000 sqft 4 2.5 17 3 2 28
$489,900 1,789 6,500 - 8,000 sqft 3 2.5 6 4 3 42