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Worthington Area Real Estate Market Report for the 15 Months Ending January 2008.

The graph above is for the Worthington School District, the sales and inventory for the past 15 months through January 2008, for single family and condoominium properties. 

About 23% fewer homes in the Worthington area sold in January 2008 in comparsion to January 2007.  Inventory was only up about 3% higher than last year in the area.  There is 11.8 months of inventory on the market based on January sales (that means it's a buyers market.) January pended (under contract) properties were down over 50% hopefully they just have not been reported to the board.

The average price was virtually unchanged for active listings- $232, 000 to $233,000

The average price was up for sold listing - from $188,000 to $214,000 +14%

The median price was up - from $176,000 to $202,000 +13%

 *All reports are published Feb. 2008, based on data available at the end of Jan. 2008. All reports presented are based on data supplied by the Columbus Board of Realtors, Northern Ohio Regional MLS, Centralized Real Estate Information Service, Greater Cincinnati MLS and Dayton Area Board of Realtors or theirs MLSs.  Neither the Association nor their MLSs guarantee or are in anyway responsible for its accuracy. Data maintained by the Association or their MLSs may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.

The homes represented by the graph and the table above include properties in the city of Worthington, the Village of Riverlea, the City of Columbus as well as Sharon and Perry Townships.  The homes are all located in the Worthington School District.  The website for the school district gives the Worthington School District boundaries. 

Ohio Department of Education for information about all Ohio School Districts.

In comparison the homes in the City of Worthington: 

Same disclosure as above applies.

The City of Worthington, a much smaller area, sales were up.  Inventory was up. Prices are down from January 2007, but is such a small sample.   

The homes represented in both tables and in the graph are single family and condominium homes. The graphs and tables are created with TrendGraphix.  Real Living  is the only brokerage with access to TrendGraphix market reports.

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I'd love to hear from you if you have a comment about home sales in Worthington, or the Worthington area. All comments are moderated so you will not see your comment immediately. Thanks.

Copyright 2008 Discover Columbus and Maureen McCabe

Average sale price September 2005 in Worthington (City of Worthington ) was $263,570.  The highest sale price for a single family home was $585,000.  The lowest  sale price was $147,900.  This is from MLS, September 2005, single family homes.  There were 17 sales in the month of September.

Statistics for homes in the Worthington School district (but not in the City of Worthington) are

Average sale price September 2005 was  $205,560.  The highest sale price for a single family home was $373,500.   The lowest  sale price was  $125,000.   

The area that is Worthington Schools but is not in the City of Worthington includes homes in the City of Columbus and Perry and Sharon Townships including neighborhoods such as: Squirrel Hill, Worthington Run, Brookside Estates, Summerwood,   Smokey Row Estates, Western Hills, Smokey  Ridge Estates,  Smoky Mill Estates, Woodbridge Green, Olde Sawmill, Worthingview, Worthington Green, Olentangy Highlands,  Worthington Hills,   Old Woods, Stilson Highlands, Worthington Woods,  Worthington Park Place, Westworth Village,   Worthington Village, Worthington Crossing, Deer Creek and  Christopher  Woods.  There were 47 homes sold in September 2005 in Worthington Schools (but not in the city of Worthington.) 

The average home in both the city of Worthington and in the Worthington School District sold within two percent of the list price during the period.