Grove City, OH 43123 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The primary market signal is the median sold price of $318,000, which represents the most reliable recent transaction-based indicator of value and suggests continued upward pressure given other trend signals; use sold prices for valuation.
2. There is a persistent pricing gap between the median listing price of $359,900 and the median sold price of $318,000, which may indicate seller expectations exceeding realized transaction prices and suggests pricing friction that agents should address through targeted pricing strategy and buyer-facing concessions.
3. Market liquidity appears measured: the median days on market of 43 reflects a more intentional pace of transactions rather than frenetic turnover, which may signal moderate transaction velocity and suggests staging marketing timelines and contingency planning for sellers.
4. Local market fundamentals remain supportive: the market temperature is hot, price year-over-year trend is up, rent year-over-year trend is up, and interest rate pressure is elevated (current 30-year fixed mortgage rates ~6.95%–7.25%, about 0.69% higher than last year), which together imply demand strength but higher financing costs; elevated interest rate pressure warrants careful buyer qualification and sensitivity analysis for pricing and offer expectations.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.