How hot is the real estate market near Lancaster? Home prices rise over $210K

The median income price tag for a one-family dwelling in Fairfield County all through January was $210,200. That’s an increase of 20.1% compared with January 2021, in accordance to a United states Today Community localized evaluation created with knowledge from Real estate agent.com.

January price ranges are up from $205,000 the preceding thirty day period.

The amount of houses sold rose by 100% from a calendar year earlier. A total of 70 houses were being bought countywide throughout the month of January. Throughout the identical time period a yr before, 35 solitary-household houses had been offered.

Real estate revenue can choose months or months to be recorded and collected. This is the latest knowledge manufactured offered as a result of Real estate agent.com to the United states Currently Network.

Fairfield County condominiums and townhomes bought in January had a median sales rate of $346,000. That determine signifies a 83.5% raise yr around year. Some 22 were bought, up 214.3% from a 12 months before.

How scorching is Fairfield County’s real estate industry in Ohio?

Information on your regional housing markets is out there by way of the United states of america These days Network, with much more data from Realtor.com.

In Fairfield County the prime 10% of the homes marketed experienced rates of at least $445,000, up 29.2% from a calendar year prior to.

In January, no qualities offered for $1 million or additional.

The median home sale cost — the halfway level of all the homes or units sold over a time period of time — is applied in this report as a substitute of the common household sale price since professionals say the median gives a a lot more precise check out of what is actually going on in a current market. In obtaining the typical selling price, all selling prices of properties bought are extra and then divided by the quantity of properties sold. This measure can be skewed by 1 small or significant price.

The United states Right now Network is publishing localized versions of this tale on its information web pages throughout the region, generated with data from Real estate agent.com. Localized variations are created for communities where the facts high-quality and transaction volume fulfills Real estate agent.com and Usa These days Network specifications. The story was composed by Sean Lahman.

This report at first appeared on Lancaster Eagle-Gazette: Fairfield County’s normal household marketed for a higher value calendar year more than year