What's Happening in the Hocking County Real Estate Market? May 2024 Update

Dated: June 14 2024

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Hocking County Real Estate Market Update

The Hocking County housing market continued to show signs of a shift in May 2024. Here's a breakdown of the key trends:

For Sellers:

  • Increased Activity: Great news! There was a significant jump in sales compared to May 2023, with 32 homes finding new owners – a whopping 68.4% increase!
  • Rising Prices: The median sales price hit $285,000, reflecting a healthy $35,000 increase year-over-year.
  • Be Prepared for Longer Selling Timeframes: Due to the increased inventory, homes are taking longer to sell on average compared to last year. Partnering with a knowledgeable real estate agent can help you price your home competitively and develop a strategic marketing plan to get it sold quickly.
  • Standing Out is Key: With more options available, buyers are more selective. Make sure your property is in top condition and strategically marketed to attract their attention. Consider staging your home to showcase its full potential.

For Buyers:

  • More Choices: This is your time! Compared to the fast-paced market of 2023, you have a wider range of properties to explore and find your perfect fit.
  • Inventory Considerations: While there are more options, overall inventory remains lower than pre-pandemic levels. Act swiftly, especially for competitively priced listings (under $300,000) that tend to move quickly.
  • Be Prepared: Prices are still on the rise, even with extended days on market. Be ready to submit a strong offer to stay competitive. Having a pre-approval letter demonstrates your seriousness as a buyer and strengthens your position.

Overall Market:

The median days on market in May 2024 reached 25 days, a noticeable increase compared to just 5 days in May 2023. This suggests a slight shift towards a more balanced market, with both buyers and sellers having more time to consider options.

Ready to Make Your Move?

Whether you're a seller looking to capitalize on the strong market or a buyer seeking your dream home, contact me today! I'd love to help you navigate the Hocking Hills area market and achieve your real estate goals.

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Jennifer Kitchen

Real estate is not just a job, but a passion. I truly love what I do and look forward to helping my clients with their real estate needs and concerns. I treat my clients as I would wish to be treated ....

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