Cardington's real estate market is currently hot with low inventory and high demand. The median home price of $242,000 represents a moderate 5.3% increase from this time last year. At the current pace, all available homes in Cardington would sell out in just 1.0 months, indicating a continued supply shortage. Properties are selling within just 6 days on average, much faster than the historical norm of 21 days. Only 0.0% of listings saw price reductions, suggesting sellers are confident in their pricing. The majority of homes (66.7%) sold above asking price, a clear sign of competitive bidding. Affordability remains a significant challenge in the Cardington market with the affordability index at 724.6. Based on current market indicators, home prices in Cardington are projected to decrease by approximately 6.5% over the next month.