Housing Market Update October 2022



Housing market update October 2022 Columbus, Ohio

The Housing Market Update October 2022 data from Columbus Realtors showed a significant slowdown in home sales, but that it didn’t mean homes got cheaper in the process.

Note: LSD= Local School District, CSD= City School District. In both cases, school district boundaries differ from city boundaries.

Housing market update October 2022 closed sales
Housing market update October 2022 closed sales % change
Closed sales are those sales that were completed during the month. They dropped significantly in most counties year-over-year as rising interest rates slowed the white-hot market.
But what markets slowed down the most?
Housing market update October 2022 closed sales % change by market
Only a handful of markets saw an increase, including Johnstown, which is presumably seeing movement due to the Intel project.
Housing market update October 2022 worst closed sales % change
Most places on this list tended to be among the most expensive local markets, but not all.

Housing market update October 2022 median sales price by county
Housing market update October 2022 median price change
Housing market update October 2022 median price percent change
Most counties continued to see price increases, though some were much more modest than others. Franklin County was in the middle of the pack.

Overall Market Median Sales Price in October 2022: $304,583
Based on the 10 Columbus Metro Area counties, the metro price saw about a $12,000 increase vs September, 2022 and a more than $30,000 increase over October, 2021.
Overall Market Median Sales Price % Change in October, 2022 versus October, 2021: +10.6%

Now let’s take a look at individual neighborhoods and places within the metro area.

Housing market update October 2022 most expensive markets
There are few surprises on this chart.

Housing market update October 2022 least expensive markets
Only 3 markets had a median price below $200,000, 2 of which were within I-270.

Housing market update October 2022 greatest price percent change

Housing market update October 2022 lowest median price percent change

Housing market update October 2022 new for sale listings

Housing market update October 2022 new for sale listings change
Most counties saw new listing totals drop year-over-year. This is one of the reasons prices remained higher despite large sales drops.

Total Metro New Listings in October, 2022: 2,401
Total Metro New Listings Change from October, 2021 to October, 2022: -497
Year-over-year, new listings were down yet again.

Housing market update October 2022 listings by market

Housing market update October 2022 fewest new market listings



Housing market update October 2022 average days on market

Average # of Days Homes Remain on the Market Before Sale for the Metro Overall in October, 2022: 24.6
# of Days Homes Remain on the Market Before Sale for the Metro October, 2021 vs. October, 2022: +8.2

Homes across the market sold more than a week more slowly year-over year in October.

Housing market update October 2022 fastest-selling markets
Housing market update October 2022 slowest-selling markets

Housing market update October 2022 % decline by days on market
Housing market update October 2022 % increase in days before sale
Aside from the half-dozen markets that saw declines, most saw fairly significantly increases in the number of days before sale year-over year.

Overall, the October housing market showed strong signs of a slowdown, but so far, this hasn’t prevented further price increases. Demand for homes seems to be continuing to outpace supply, but perhaps not quite to the level it was earlier in the year.



Before and After Views from Franklinton




These before and after views from Franklinton show a snapshot in time of just how unattractive and people-unfriendly the riverfront once was.

Before: 1923
Before and after views from Franklinton in 1923
This view looks east from the Franklinton side of the Scioto River. At the time, Central High School was under construction, which is why the area looks like such a mess of materials. Central High School would be completed in 1924 and open on September 4th of that year. The school would remain open for 60 years before being shut down in the mid-1980s. The building sat empty for more than a decade before being renovated into the new COSI.
Beyond the river, a much shorter Downtown skyline can be seen. The image predates LeVeque Tower and most of the government buildings that now line the Scioto’s shores.

After: 2020
Before and after views from Franklinton in 2020.
The riverfront looks much different today. With the Scioto Greenways and park space added in more recent years, the view is much more pleasant, the bathroom not included.

Before: 1926
Before and after view from Franklinton in 1926.
In an image taken just 3 years after the one above, the Franklinton side of the riverfront looks much better. Additionally, LeVeque Tower is now well under construction.
After: 2021
before and after view from Franklinton in 2021
In the modern view, the parking and cars have been replaced with parklands and public space, while LeVeque has become the city’s most iconic skyline addition.

If you enjoy this series, the Historic Building Database page offers thousands of before and after photos of historic buildings and places in and around Columbus.

Before and After Goodale Expressway




This Before and After Goodale Expressway addition shows a bit of the Columbus highway system’s earliest construction projects.

Before: Around 1960
Before and after Goodale Expressway
The image above is taken from the then under construction 3rd Street Viaduct overlooking construction of the Goodale Expressway. It is facing west towards High Street, with Italian Village on the right. Although this section did not require significant demolitions due to preexisting railroad tracks, one of the big casualties a bit further west was Flytown, an area along and north of Goodale Avenue west and south of Victorian Village.
The Goodale Expressway was one of the first sections of the Columbus highway system constructed, which is somewhat ironic given it would take more than 40 years to fully construct and be the last major highway completed. After decades of controversy, studies and false starts, the final stretch from 71 to the Rt. 62 interchange at 270 was completed in 2003.
After: 2021
Before and after Goodale Expressway view
While an unfortunate fence blocks the view, you can still see how drastically the landscaped has changed after more than 60 years.

AllColumbusData’s Most Popular Posts and Pages

most popular posts and pages

Next month, AllColumbusData.com will have its 10-year anniversary. Hard to believe! Here are some stats on just some of what the site now contains:
-338 published posts. 10 additional are already complete and scheduled over the next few months.
-105 specific content pages.
-Well over 2,000 individual and before and after series historic photos.
-143+ years of weather data for both Columbus and its suburbs.
-200+ years of demographic and population data for Columbus and its suburbs.
-Information and photos for hundreds of current and past development projects.
-100+ videos.

What has been the most visited page, the most popular post over the years? Unfortunately, visitor data was lost prior to 2015 for various reasons. However, here have been the top 10 most popular posts and pages since 2015.

Top 10 Posts and the Year Published
1. Before and After How Columbus Changed in 10 Years 2021
This 2-part series was extremely popular last year, and easily became the most visited in the past 7 years.
2. Questions Answered- Columbus Zip Codes 2014
This post was very popular into 2018, but is now defunct. The information on this post ended up becoming bits and parts of other posts and pages.
3. Columbus Retail History- Shopping Centers 2013
One of the oldest posts on the site, it still gets consistent traffic almost a decade later.
4. Columbus Historic Church Demolition 2021
This one detailed plans to demolish an old church on the South Side.
5. Columbus Area Murders by Zip Code 2008-2015 2016
Pretty explanatory. This post provided crude maps of murders by zip code.
6. Columbus’ Greatest Snowstorm 2021
This post gave an account of the March 7-8, 2008 blizzard.
7. Columbus Area Zip Codes and Their Economies 2013
Still a consistent hit after a decade, this post gave details on economic information by local zip code.
8. Winter 2020-2021 Review 2021
Review the 2020-2021 winter with stats and rankings, something that has been done for all winters since 2014.
9. Franklin County Gentrification Trends 1990-2015 2017
This post looked at how income and race changes were driving neighborhood gentrification around Columbus.
10. How We Should Develop Around Intel 2022
The most recent on this list, this post deals with how the area around the Intel project should have a development plan, and detailed a hypothetical map of what that development could look like.

Top 10 Pages
1. Columbus Tornado History
The most popular by far, this page covers historic tornadic events throughout the entire Columbus Metro Area.
2. Olde Towne East Historic Buildings
This has been the most popular of all the Historic Building Database pages to date.
3. Proposed Development
This regularly-updated development page highlights the region’s many proposed projects.
4. Other Residential Historic Buildings
This page was one of the very first to be included in what would eventually become the Historic Building Database. It is defunct now, as its photos were eventually divided into a much greater expansion of featured neighborhoods.
5. Development Under Construction
All the projects currently under construction at any given time.
6. Census Tract Maps
Demographics, population and other data at the census tract level are provided in interactive maps going back to 1930.
7. Winter Storms
This page chronicles significant winter weather events from the past.
8. Columbus Flood History
As above, but dealing with flooding events.
9. Columbus Crime Statistics
Violent and property crime data, maps and demographic data related to Columbus crime are provided going back about 40 years.
10. Completed Development
Buildings and projects that were completed at some point in the past are highlighted on this page going back to the 19th Century.

Any surprises in what has been the most popular? Any posts or pages you’d like to see more of? Let me know here or on the Facebook page if you are enjoying the content or would like to see something different!



Cool Link University District History

University district history

This link is a great repository of historic photographs of the Ohio State Campus area, including High Street and neighboring Weinland Park. There is also a lot of historical information on events, restaurants, buildings and a lot more.

University District History