Lancaster-area home prices rise 6.9% in May, with houses for sale in high demand

One of many homes for sale in Plymouth and around Metro Detroit on Thursday, April 14, 2022.

1 of quite a few homes for sale in Plymouth and all-around Metro Detroit on Thursday, April 14, 2022.

A normal Fairfield County household outlined for $309,950 in May, up 6.9% from a month before, an assessment of info from Real estate shows.

The median record residence rate in May possibly was up about 10.7% from Might 2021. Fairfield County’s median residence was 1,853 square feet for a outlined rate of $156 for each sq. foot.

The Fairfield County industry was fast paced, with a median 9 times on marketplace. A month previously, houses experienced a median 10 days on industry. The sector added 208 new home listings in May possibly, as opposed with the 228 extra in May 2021. The current market ended the month with some 94 listings of properties for sale.

Data on your area housing market is available through the United states Now Network, with additional details from

Throughout metro Columbus, median household price ranges rose to $340,000, up 4.6% from a month before. The median household experienced 1,787 square feet, at a list selling price of $185 for every sq. foot.

Throughout all of Ohio, median home charges ended up $225,000, climbing 4.7% from a month earlier. The median Ohio dwelling for sale had 1,691 square ft at checklist price tag of $130 for each square foot.

Across the United States, median household prices were $446,950, up 5.2% from a thirty day period earlier. The median American house for sale experienced 1,861 sq. toes, mentioned at $226 for each sq. foot.

The median residence listing selling price — the halfway point of all the houses or units mentioned above a period of time — is applied more typically in this report as an alternative of the ordinary dwelling list price tag for the reason that professionals say the median presents a more exact check out of what’s happening in a industry. In getting the typical price, all price ranges of homes listed are added and then divided by the number of properties sold. This evaluate can be skewed by one reduced or significant cost.

The United states Now Community is publishing localized variations of this tale on its information internet sites across the country, generated with details from the Real estate household listings databases.. The story was composed by Mike Stucka and Sean Lahman.

This article originally appeared on Lancaster Eagle-Gazette: Lancaster-region properties for sale rise to $309,950 median price