Lockbourne, OH 43137 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

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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 neighborhood's representative recent sale is $300,000 median sold price, and this sold-price focus indicates realized market value is materially lower than asking expectations, suggesting pricing friction; cold market conditions may be prolonging transactions.
2. A 435 median days on market points to slower sales velocity and reduced liquidity, which may indicate increased negotiation leverage for buyers and longer marketing windows for sellers; down market temperature reinforces this interpretation.
3. The $800,000 median listing price versus the $300,000 median sold price highlights a large gap between asking and realized prices, which appears to reflect elevated seller expectations relative to recent transaction levels and may necessitate listing price adjustments; pricing gap is a key headwind for faster closings.
4. Rent and financing pressures are negative for market absorption: median market rent is $1,420 and rent year-over-year trend is down, while interest rate pressure is described as elevated, which together may further dampen buyer demand and prolong time to sale.

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.