The Hilliard, Ohio real estate market has been on a roller coaster ride in recent times, experiencing a surge in prices followed by a slight dip. As of January 2024, it seems to be finding its footing in a new normal.

• Competitive Market: Hilliard remains a competitive market, with more buyers than available homes. The median listing price currently sits around $402,500, down from a high of $499,900 in December 2023. This indicates a potential shift towards a more balanced market.
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• Hilliard, Ohio real estate market

• Price Adjustments: Despite the overall decrease, home prices in Hilliard haven't plummeted. The median sold price in December 2023 was $363,625, up 2.2% from the previous year. This suggests a gradual price correction rather than a dramatic crash.

• Varying Trends: Price trends differ based on the number of bedrooms. Homes with 3 and 5+ bedrooms saw the highest price increases, while 2 and 4 bedroom homes experienced slight dips. This could be due to changing family dynamics and preferences.

• Faster Sales: Homes in Hilliard are selling relatively quickly, spending an average of 35 days on the market compared to 41 days last year. This indicates sustained buyer interest despite the price adjustments.

Overall, the Hilliard real estate market is in a state of flux. While the initial frenzy of the seller's market has subsided, there's still strong demand for homes. With prices stabilizing and homes selling quickly, it appears to be a good time for both buyers and sellers to carefully consider their options.

Remember, this information is based on data from December 2023 and January 2024. The market is constantly changing, so it's crucial to stay updated on the latest trends before making any real estate decisions. Consulting with a local realtor is always recommended for personalized insights and guidance.