May 2026 Westerville Real Estate Market Report

Julie & Company | Howard Hanna Real Estate Services

The Westerville housing market heated up in May 2026 as the spring buying season hit its stride. Homebuyers returned in force and competition remained fierce, driving prices sharply higher and pushing the median time on market down to single digits. Compared with the region as a whole—which saw a median sale price of $350,000 and a two‑month supply of homes—Westerville stood out for its rapid sales pace and significant price appreciation.

Key metrics for May 2026

Metric	May 2025	May 2026	Year‑over‑year change
Closed sales	47	50	▲ 6.4%
Homes under contract	46	66	▲ 43.5%
Average sale price	$421,571	$536,422	▲ 27.2%
Median sale price	$430,000	$532,500	▲ 23.8%
Average price per sq ft	$236.98	$240.17	▲ 1.3%
Percent of original list price received	102.3%	101.3%	▼ 1.0%
Days on market	12 days	9 days	▼ 25.0%
New listings	55	58	▲ 5.5%
Median list price of new listings	$433,000	$475,450	▲ 9.8%
Median list price at sale	$424,900	$512,500	▲ 20.6%
Inventory of homes for sale	41	37	▼ 9.8%
Months’ supply of inventory	1.0 mo.	0.9 mo.	▼ 10.0%

Percent changes are calculated using rounded figures and may appear more dramatic when sample sizes are small.

What the numbers mean

• Sales momentum – Closed sales ticked up to 50 transactions, and contracts surged 43% to 66, signaling a robust pipeline for early summer. Demand remains strong across all price points, especially for move‑in‑ready homes in well‑established neighborhoods like Annehurst and Spring Grove.
• Prices – Both the average and median sale prices jumped more than 20% year over year, reflecting heightened competition and a shift toward higher‑end properties. The median sale price of $532,500 is more than $100,000 above the prior year’s figure, while the average price per square foot increased modestly.
• Market conditions – Sellers continued to receive offers near or above their asking prices, with the typical home selling for just over 101% of its original list price. The median time on market fell to nine days as buyers competed for limited inventory.
• Supply – New listings rose slightly, but total inventory fell to 37 homes—less than a month’s supply. This shortage of available properties is the primary driver of Westerville’s price gains and underscores that it remains very much a seller’s market.

Advice for buyers

Even amid rapid price growth, there are still opportunities for buyers who are prepared and flexible:

• Get pre‑approved and act quickly. Homes sell in a matter of days, so having your financing in order and your wish list defined will help you pounce when the right property hits the market.
• Consider fixer‑uppers or emerging neighborhoods. Move‑in‑ready homes command a premium. Looking in developing areas of the school district—such as neighborhoods south of Uptown Westerville or near the Little Turtle golf community—can yield better value.
• Be patient and persistent. With inventory near record lows, it may take several attempts to secure a home. Stay persistent and work with a knowledgeable agent who can alert you to new listings before they hit the public market.

Advice for sellers

This is one of the best markets in recent memory for Westerville homeowners:

• Price strategically. Buyers are paying top dollar for homes that are move‑in ready and priced in line with recent comparables. Overpricing can backfire by deterring interest and leading to price reductions later.
• Invest in presentation. Simple updates—fresh paint, landscaping and professional staging—can spark bidding wars and shorten time on market even further.
• Plan your next move. Because inventory is tight, selling your current home quickly might leave you scrambling to find a new one. Work with an agent to coordinate timing or explore temporary housing options.

Frequently asked questions

What is the median sale price in Westerville for May 2026?
The median sale price was approximately $532,500, up nearly 24% from the same month in 2025. This leap reflects strong demand, limited supply and a shift toward higher‑priced homes.

How many homes sold in Westerville in May 2026?
About 50 homes closed during the month, and 66 more were under contract by month’s end. This uptick in both closed and pending sales points to a very active market heading into summer.

How long do Westerville homes stay on the market?
The typical home went under contract in just nine days in May 2026, down from 12 days a year earlier. Well‑priced, move‑in‑ready properties often attract multiple offers within the first week.

Is Westerville a buyer’s or seller’s market?
With just 0.9 months of supply and homes selling above their asking price, Westerville remains firmly a seller’s market. Buyers should be prepared to compete, while sellers can expect strong offers if their homes are priced appropriately.

Looking ahead

Westerville’s market is likely to stay competitive through the summer as job growth and quality schools continue to draw new residents. Rising interest rates may temper the pace of price appreciation, but the underlying supply shortage should keep values buoyant. Watch for additional inventory in new construction developments on the city’s outskirts, which could provide relief for buyers seeking more options.

Let’s connect

Whether you’re buying, selling or investing in Westerville, Julie R. Wills and the Julie & Company team are ready to help you navigate this dynamic market. We live and work in Westerville and understand the nuances of each neighborhood. To discuss your plans:

• Julie R. Wills, Team Lead
• Phone: 614‑558‑1579
• Email: admin@julieandcorealtors.com

Stay tuned for our next market update as we continue to explore Central Ohio’s hottest neighborhoods.