Ross County home listings asked for more money in March - see the current median price here
The median home in Ross County listed for $263,450 in March, up 4.9% from the previous month's $251,175, an analysis of data from Realtor.com shows.
Compared to March 2024, the median home list price increased 7.5% from $245,000.
The statistics in this article only pertain to houses listed for sale in Ross County, not houses that were sold. Information on your local housing market, along with other useful community data, is available at data.chillicothegazette.com.
Ross County's median home was 1,692 square feet, listed at $171 per square foot. The price per square foot of homes for sale is up 3.7% from March 2024.
Listings in Ross County moved briskly, at a median 54 days listed compared to the March national median of 53 days on the market. In the previous month, homes had a median of 75 days on the market. Around 60 homes were newly listed on the market in March, a 25% increase from 48 new listings in March 2024.
The median home prices issued by Realtor.com may exclude many, or even most, of a market's homes. The price and volume represent only single-family homes, condominiums or townhomes. They include existing homes, but exclude most new construction as well as pending and contingent sales.
Across the Chillicothe metro area, median home prices rose to $259,900, slightly higher than a month earlier. The median home had 1,624 square feet, at a list price of $171 per square foot.
In Ohio, median home prices were $269,000, a slight increase from February. The median Ohio home listed for sale had 1,682 square feet, with a price of $162 per square foot.
Throughout the United States, the median home price was $424,900, a slight increase from the month prior. The median American home for sale was listed at 1,800 square feet, with a price of $231 per square foot.
The median home list price used in this report represents the midway point of all the houses or units listed over the given period of time. Experts say the median offers a more accurate view of what's happening in a market than the average list price, which would mean taking the sum of all listing prices then dividing by the number of homes sold. The average can be skewed by one particularly low or high price.
The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Realtor.com. Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu. Our News Automation and AI team would like to hear from you. Take this survey and share your thoughts with us.
This article originally appeared on Chillicothe Gazette: Ross County home listings asked for more money in March - see the current median price here
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