Pickerington, OH 43147 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

Key Findings

1. The primary indicator of market value is the median sold price of 452,000, which suggests recent transactions are settling well below the median listing price of 510,000 and may indicate pricing friction between seller expectations and completed sales; monitor for listing-to-sale compression.
2. Despite a hot market temperature and an upward price year-over-year trend, the median days on market of 243 points to slower sales velocity and suggests that transactions are taking longer to complete than in faster-moving markets.
3. The median price per square foot of 187 combined with a median market rent of 2,645 provides context for valuation and rental comparatives; investors and agents should use these as reference points when assessing relative affordability and pricing tiers rather than as yield calculations.
4. Interest rate dynamics show moderate pressure on financing, which, together with elevated listing expectations versus sold prices, suggests cautious buyer behavior that may prolong negotiation cycles and require pragmatic pricing or concessions to secure closings.

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.