New Albany Housing Market Report February 2025•Franklin County, Ohio

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Housing Prices in New Albany, OH

How much do homes in New Albany, OH cost?

Housing Market Conditions

Is New Albany, OH a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

New Albany is a Seller's Market

Difference Since February 2024

Since last year, New Albany has remained a Seller's Market.

Insight

New Albany is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$585,153$218/SqFt
-$96
0.0%

Based on all homes sold in the last 12 months

Insight

The sold price of homes in New Albany has remained the same since last year.

Summary: The median home sold price in New Albany was $585,153 in February 2025, the same as last year, and the median price per square foot was $218.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Columbus
+2.1%
New Albany
0.0%
Plain Township
-13.3%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1$198.5K$210K
+5.8%
2$300K$299.9K
0.0%
3$532K$570K
+7.1%
4$766.5K$680K
-11.3%
5$1.2M$1.3M
+2.7%

Summary: New Albany housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes increased by +5.8%. The home price for 2 bedroom homes decreased by 0.0%. The home price for 3 bedroom homes increased by +7.1%. The home price for 4 bedroom homes decreased by -11.3%. The home price for 5 bedroom homes increased by +2.7%.

How does New Albany, OH compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

New Albany, OH

Housing supply in New Albany, OH

How many homes are available in New Albany, OH?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
75Last MonthFeb 2025
682 months agoJan 2025
+10.3 %
Change MoMJan – Feb

Summary: The New Albany real estate market had 75 homes for sale in Feb 2025, a 10.3 % increase compared to Jan 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
29Last MonthFeb 2025
172 months agoJan 2025
+70.6 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
126
+200.0%
21512
-20.0%
32021
+5.0%
42528
+12.0%
568
+33.3%

Summary: New Albany housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +200.0%. The inventory for 2 bedroom homes decreased by -20.0%. The inventory for 3 bedroom homes increased by +5.0%. The inventory for 4 bedroom homes increased by +12.0%. The inventory for 5 bedroom homes increased by +33.3%.

Asking Price vs. Sold Price

How much do homes in New Albany, OH cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price7 Homes

At Asking Price13 Homes

Under Asking Price9 Homes

Insight

If you're buying a home in New Albany, expect to pay close to the asking price. 44.8% of homes here sold near the asking price last month.

Summary: A total of 29 homes were sold or pending in New Albany in February 2025, up by 70.6% month-over-month. Of the 29 sold homes, 31% were sold under asking, 45% were sold at asking, and and 24% were sold over asking.

Days on Market for New Albany, OH

How long does it take to sell a home in New Albany, OH?

Breakdown of Home Sale Times

Under 30 Days18 Homes

30 – 90 Days8 Homes

Over 90 Days3 Homes

Insight

Many homes in New Albany are selling fast, if you're buying plan to act quickly.

Summary: During February 2025, 29 homes were sold in New Albany; 62% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
40 DaysThis YearFeb 2025
39 Days1 year agoFeb 2024
+3.8 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in New Albany had an average listing age of 40 days in Feb 2025, up by 3.8% compared to the previous year.

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Newest Listings in New Albany, OH

What homes are available in New Albany, OH?

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MLS Disclaimers and Copyright

Based on information from Columbus and Central Ohio Regional MLS, and MLS Now for the period 03/01/2023 - 03/01/2025

IDX The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.

Copyright © 2025 Columbus and Central Ohio Regional Multiple Listing Service. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 12:50:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDXCopyright 2025 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 12:55:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.