Real Estate Market Conditions Wed, 06 Jul 2016 00:00:00 GMT Wed, 06 Jul 2016 00:00:00 GMT en-us November 2017 Gahanna Real Estate Market Conditions <p>The current real estate market in Gahanna is considered very hot.&nbsp;</p><p><br></p><p>There are currently 117 homes for sale in the 43230 zip code</p><p>Price per square foot is $117</p><p>The median closing price is $215,000 which is up 5% over same time last year</p><p>The median list price is $249,900</p><p>Median rent is $1600 per month</p><p><br></p> Wed, 03 Jan 2018 00:00:00 GMT July 2017 Gahanna Real Estate Conditions <p>Gahanna is a strong market being a hot Sellers' market for the month of July. There were 101 sales in Gahanna for the month of July. The median sale price is&nbsp; $200,000 with an average of 11 days on the market. Sellers are getting an average of 99.62% of list price. The median list price per square foot is $125. There are currently 69 active listings in the 43230 zip code with list prices ranging from $124,000 to $1.4 million. The median list price is $265,000. Average days on the market is 85. In July,&nbsp; 91.1% of homes sold in Gahanna in less than 30 days.&nbsp;</p> Tue, 08 Aug 2017 00:00:00 GMT June 2017 Gahanna Real Estate Market Conditions <p>As of today, the median estimated value of a house in Gahanna is $194,000 up 9.1% from last year. The median estimated listing price is $200,000 up 5.8%. Houses are on the market for a median of 39 days which is up 2.6% compared to last year. Total sales volume for June so far is 24 units which is down 58.6% from this time last year. Low inventory continues to be an issue with more buyers than homes for sale, resulting in multiple offers on most properties. There are currently 162 homes on the market in the 43230 zip code.<br><br>&nbsp;<br>Gahanna is trending upwards in home value.</p> Wed, 28 Jun 2017 00:00:00 GMT October 2012 Gahanna Real Estate Market Conditions <p>A new FHA ruling can strengthen the appeal of owning a condo. The move will encourage mixed-use developments in both urban and suburban areas. This can be attractive to both young and old buyers to buy condos in these settings. </p> <p>Another ruling has changed the number of units, in a condo development, owned by investors to 50% instead of the previous 10%. The other condos must be owner occupied. This will make condos easier to finance. </p> <p>FHA insures mortgages and offers loan programs for first time home buyers including a low down payment of 3.5%. </p> Wed, 28 Nov 2012 00:00:00 GMT September 2012 Gahanna Real Estate Market Conditions <p>Great news for the building industry: </p> <p>New home sales have posted their largest gain in more than two years this September, the Census Bureau reported Wednesday. New home sales are 5.7 percent high from August to September and are 27.1 percent higher year-over-year. </p> <p>The median price of a new home in September was $242,400, this is up by 11.7 percent from a year earlier. Analysts say the reason for the increase is the tight supply of inventories of homes on the market. Inventories of new homes are at their tightest supplies since August 2005.</p> Thu, 25 Oct 2012 00:00:00 GMT