Licking County
Hassle-Free Wholesale Real Estate Solutions in Licking County, Ohio
Licking County Residential Real Estate Market Insights
Situated amidst the picturesque landscapes of Ohio, Licking County encapsulates a blend of urban convenience and rural serenity. If you're contemplating selling your property in this vibrant locale, Easy Button Offer is your dependable partner. We provide quick, fair cash offers to homeowners, streamlining the selling process. Our local team of experienced real estate professionals is dedicated to ensuring a smooth and rewarding experience.
Why Choose Easy Button Offer in Licking County?
Quick Cash Offers: With a median sold price of $299,980 as of September 2023, we ensure your home receives a competitive offer promptly 1.
Transparent Transactions: Our process is transparent with no hidden fees, ensuring a hassle-free selling journey.
Flexible Closing Dates: We tailor the closing date to your convenience, making the process smooth and stress-free.
No Repairs Needed: No need to worry about repairs or clean-up. We buy homes in Licking County as-is, regardless of the condition.
Your Local Real Estate Experts
The real estate market in Licking County is dynamic and favorable for sellers. Our local experts have a deep understanding of the market trends and are here to ensure you receive a fair and competitive offer for your home.
Our Simplified Process
Reach Out to Us: Initiate the process by filling out our online form or giving us a call. Share some basic details about your home, and we’ll handle the rest.
Receive Your Offer: Our team will evaluate your property and provide a no-obligation cash offer.
Accept the Offer: Once you accept, we’ll coordinate with you to select a closing date that fits your schedule.
Close and Get Paid: Close at a reputable local title company and receive your cash. It’s as straightforward as that!
Ready to Sell Your Home in Licking County?
Embrace the simplicity and efficiency of selling your home with Easy Button Offer. Contact us today for a no-obligation offer and discover the fastest, simplest way to sell your home in Licking County, Ohio.
Licking County Residential
Real Estate Market Insights
Licking County boasts a thriving real estate market. Here are some insights into the real estate market in 2023.
Market Dynamics | The median sold price in Licking County was $299,980 in September 2023, marking a 9.2% increase from the previous year. The median price per square foot was $166. Prices varied significantly based on the number of bedrooms, with 1 bedroom homes seeing the highest percentage increase of 26% year-over-year1.
Housing Supply | The housing market had 743 homes for sale in September 2023, a 1.1% increase compared to August 2023. The inventory of 1, 2, and 5+ bedroom homes saw changes with a decrease of 16.7% for 1 bedroom homes, and increases of 5% and 7.8% for 2 and 5+ bedroom homes respectively1.
Sales Performance | A total of 145 homes were sold or pending in September 2023, down by 31.6% month-over-month. Of the 145 sold homes, 44% were sold under asking, 21% were sold at asking, and 35% were sold over asking1.
Comparative Pricing Trends | When compared to nearby counties, Licking County's median sold price increase of 9.2% from September 2022 to September 2023 is relatively moderate, especially when compared to Knox County's 12.5% increase1.
These insights underline the lucrative nature of the real estate market in Licking County, making it a promising venue for homeowners looking to sell.
Some More Residential Property Details for 2023
Market Type and Home Prices
Licking County has been categorized as a Seller's Market, meaning that the demand for homes is high, which often results in higher prices and quicker sales 1.
The median sold price for homes in Licking County as of September 2023 is $299,980, with a price of $166 per square foot. This price represents a 9.2% increase from the previous year 2.
Different sources provide slightly varying figures on the median home prices. For instance, Redfin mentions a median price of $301K in May 2023, while Zillow lists the home values at $303,922 3 4.
Pricing Trends By Bedroom Count (September 2023 compared to September 2022)
1 Bedroom Homes: Increased by 26% to $164K
2 Bedroom Homes: Increased by 6.1% to $175K
3 Bedroom Homes: Increased by 11% to $277.3K
4 Bedroom Homes: Increased by 5.4% to $389.9K
5+ Bedroom Homes: Increased by 5.5% to $480K 2.
Housing Supply and Sales
The number of homes available for sale in Licking County in September 2023 was 743, marking a 1.1% increase compared to August 2023.
A total of 145 homes were sold or pending in September 2023, which is a decrease of 31.6% month-over-month.
Of these sold homes, 44% were sold under the asking price, 21% were sold at the asking price, and 35% were sold over the asking price 2.
Comparative Pricing Trends with Nearby Counties
When compared to nearby counties, Licking County's median sold price increase of 9.2% from September 2022 to September 2023 is relatively moderate. For instance, Knox County saw a 12.5% increase, while Fairfield County saw a 4.2% increase 2.
Market Hotness
A report from June 2023 highlights a "Market Hotness" feature for August 2023, though specific figures were not detailed. This could be indicative of the relative demand and supply dynamics in the region 5.
Varied Market Insights
There were a variety of insights across the span of 2023 with Redfin noting a 14.0% decline in home prices compared to the previous year as of May 2023, and homes were on the market for an average of 33 days 3.
The median listing price in August 2023 was $375K, trending up 13.7% year-over-year, as per Realtor.com 6.
Licking County's residential real estate market in 2023 showcases a seller's market environment with rising home prices, a modest increase in housing supply, and a competitive landscape that has seen a considerable percentage of homes selling at or above the asking price.