2023 Mid-Year Housing Market Update




2023 Mid-Year housing market update

In the past, I’ve done individual housing market update reports on a monthly basis, but it’s proven to be somewhat impractical from a time management perspective. For 2023, I’ve decided to just do two main updates, one for the mid-year point and the other in December for the year as a whole.

Some changes for the mid-year update format will be that I will include all information January-June for all the Columbus market areas. For the larger tables, you can scroll to see all months.

Top 20 Most Expensive Markets by Median Sales Price January-June

Rank

January

February

March

April

May

June

January-June Median

1

Olentangy LSD: $520,531

New Albany: $921,425

New Albany: $1,112,875

New Albany: $975,000

New Albany: $820,000

New Albany: $788,500

New Albany: $925,000

2

Dublin/Dublin CSD: $519,900

New Albany Plain LSD: $750,000

Grandview Heights: $715,000

New Albany Plain LSD: $899,000

Grandview Heights: $752,000

Powell: $686,255

New Albany Plain LSD: $655,000

3

New Albany: $501,010

Powell: $613,255

New Albany Plain LSD: $684,250

Dublin: $585,000

Upper Arlington CSD: $691,000

New Albany Plain LSD: $655,000

Powell: $620,000

4

Granville CSD: $500,000

Dublin: $590,000

Powell: $612,450

Olentangy LSD: $564,000

Powell: $640,000

Upper Arlington CSD: $625,000

Upper Arlington CSD: $607,000

5

Johnstown-Monroe LSD: $499,000

Bexley: $581,250

Granville CSD: $567,500

Upper Arlington CSD: $550,000

New Albany Plain LSD: $639,900

Dublin: $585,000

Dublin: $570,000

6

Big Walnut LSD: $470,000

Big Walnut LSD: $515,900

German Village: $565,000

German Village: $528,500

Dublin: $580,000

Bexley: $550,500

Olentangy LSD: $540,792

7

Worthington: $467,500

Olentangy LSD: $499,050

Olentangy LSD: $550,000

Bexley: $515,000

Olentangy LSD: $568,000

German Village: $545,000

German Village: $530,000

8

Jonathan Alder LSD: $446,250

Upper Arlington CSD: $467,875

Upper Arlington CSD: $527,500

Powell: $505,000

Dublin CSD: $527,500

Olentangy LSD: $540,000

Bexley: $515,000

9

Buckeye Valley LSD: $445,000

Dublin CSD: $463,975

Dublin: $525,000

Buckeye Valley LSD: $499,000

German Village: $516,500

Granville CSD: $525,000

Dublin CSD: $511,500

10

Powell: $440,000

Worthington: $450,000

Big Walnut LSD: $496,379

Dublin CSD: $485,000

Worthington: $510,444

Buckeye Valley LSD: $508,635

Granville CSD: $500,000

11

New Albany Plain LSD: $430,000

German Village: $450,000

Bexley: $484,250

Big Walnut LSD: $475,000

Big Walnut LSD: $497,000

Dublin CSD: $493,418

Buckeye Valley LSD: $483,900

12

Upper Arlington CSD: $426,250

Hilliard: $438,000

Dublin CSD: $475,000

Sunbury: $462,350

Short North: $495,000

Lithopolis: $485,000

Big Walnut LSD: $480,000

13

Northridge LSD: $405,200

Downtown: $430,000

Buckeye Valley LSD/Sunbury: $438,500

Granville CSD: $450,000 

Buckeye Valley LSD: $489,598

Northridge LSD: $480,790

Worthington: $437,500

14

German Village: $405,000

Granville CSD: $420,000

Johnstown-Monroe LSD: $438,000

Short North: $432,000

Granville CSD: $484,950

Short North: $480,000

Short North: $425,000

15

Grandview Heights: $400,000

Beechwold/Clintonville: $407,500

Minerva Park: $432,000

Pickerington: $427,738

Pickerington: $450,000

Grandview Heights: $455,000

Sunbury: $420,000

16

Lithopolis: $383,000

Lithopolis: $405,400

Westerville: $415,000

Beechwold/Clintonville: $425,500

Sunbury: $449,500

Worthington: $450,000

Pickerington: $406,200

17

Bexley: $380,000

Worthington CSD: $400,000

Hilliard: $410,000

Hilliard: $421,200

Jonathan Alder LSD: $445,000

Gahanna Jefferson CSD: $437,500

Johnstown-Monroe LSD: $399,950

18

Pickerington: $370,000

Short North: $386,650

Northridge LSD: $402,690

Pickerington LSD: $415,000

Bexley: $430,000

Jonathan Alder LSD: $436,000

Lithopolis: $396,000

19

Minerva Park: $367,500

Westerville: $379,900

Lithopolis: $396,000

Worthington: $395,000

Northridge LSD: $412,500

Downtown: $427,000

Pickerington LSD: $390,000

20

Sunbury: $339,700

Pickertington/Pickerington CSD: $370,000

Worthington: $391,000

Grandview Heights/Lithopolis: $388,000

Pickerington LSD: $410,000

Hilliard: $420,000

Westerville: $389,888

Top 20 Least Expensive Markets by Median Sales Price January-June

Rank

January

February

March

April

May

June

January-June Avg Median 

1

Obetz: $159,900

Miami Trace LSD: $145,000

Circleville CSD: $163,350

Miami Trace LSD: $177,000

London CSD: $190,000

Lancaster CSD: $200,500

Miami Trace LSD: $184,500

2

Miami Trace LSD: $162,500

Whitehall: $165,000

Miami Trace LSD: $170,750

Lancaster CSD: $183,500

Whitehall: $192,000

London CSD: $225,158

Whitehall: $187,500

3

Whitehall: $169,500

Obetz: $186,500

Lancaster CSD: $174,900

Whitehall: $190,000

Newark CSD: $215,000

Miami Trace LSD: $227,000

Lancaster CSD: $199,900

4

Lancaster CSD: $185,500

Lancaster CSD: $195,000

Newark CSD: $178,388

Newark CSD: $198,000

Lancaster CSD: $224,500

Circleville CSD: $229,500

Newark CSD: $209,500

5

Newark CSD: $205,000

Jefferson LSD: $196,400

Whitehall: $199,900

Circleville CSD: $216,000

Circleville CSD: $234,950

Jefferson LSD: $240,000

Circleville CSD: $228,000

6

Columbus CSD: $214,000

Hamilton LSD: $205,900

Columbus CSD: $229,900

Hamilton LSD: $235,000

Miami Trace LSD: $242,450

Newark CSD: $243,500

Hamilton LSD: $237,500

7

London CSD: $215,000

Grandview Heights: $209,500

Hamilton LSD: $249,000

Groveport Madison LSD: $235,500

Hamilton LSD: $250,000

Hamilton LSD: $245,000

Jefferson LSD: $238,000

8

Hamilton LSD: $217,000

Newark CSD: $217,500

Groveport Madison LSD: $250,000

Jefferson LSD: $250,425

Columbus CSD: $255,000

Whitehall: $245,900

London CSD: $240,158

9

Jefferson LSD: $223,500

Minerva Park: $223,000

Jefferson LSD: $255,000

Columbus CSD: $255,000

Obetz: $268,000

Obetz: $250,000

Columbus CSD: $243,000

10

Groveport Madison LSD: $225,000

London CSD: $224,038

Columbus/Reynoldsburg CSD: $255,000

London CSD: $257,500

Groveport Madison LSD: $270,000

Groveport Madison LSD: $261,500

Groveport Madison LSD: $250,000

11

Columbus: $230,000

Columbus CSD: $231,750

South-Western CSD: $285,000

Columbus: $270,000

Columbus: $280,000

Columbus CSD: $265,000

Columbus: $265,000

12

Reynoldsburg CSD: $240,000

Groveport Madison LSD: $243,500

Blacklick: $317,000

Obetz: $285,000

South-Wester CSD: $300,000

Reynoldsburg CSD: $270,000

Obetz: $276,000

13

Circleville CSD: $249,900

Columbus: $250,000

Gahanna: $317,049

South-Western CSD: $287,950

Minerva Park: $300,500

Columbus: $283,500

South-Western CSD: $287,000

14

South-Western CSD: $263,500

Circleville CSD: $250,000

Delaware CSD: $322,500

Marysville CSD: $300,000

Reynoldsburg CSD: $313,000

South-Western CSD: $300,000

Marysville CSD: $322,000

15

Worthington CSD: $273,500

South-Western CSD: $260,000

Marysville CSD: $325,000

Blacklick: $309,500

Canal Winchester CSD: $320,000

Marysville CSD: $318,750

Canal Winchester CSD: $325,000

16

Canal Winchester CSD: $295,000

Reynoldsburg CSD: $293,500

Canal Winchester CSD: $327,500

Johnstown-Monroe LSD: $311,000

Pataskala: $339,500

Blacklick: $348,000

Blacklick: $330,100

17

Blacklick: $299,000

Marysville CSD: $299,900

Gahanna Jefferson CSD: $329,750

Teays Valley LSD: $312,900

Marysville CSD: $342,500

Teays Valley LSD: $348,810

Pataskala: $344,000

18

Teays Valley LSD: $300,000

Buckeye Valley LSD: $302,450

Pataskala: $340,000

Canal Winchester CSD: $325,000

Westerville CSD: $346,000

Grove City: $352,041

Teays Valley LSD: $345,000

19

Delaware CSD: $310,000

Gahanna: $303,500

Beechwold/Clintonville: $343,500

Worthington CSD: $329,101

Downtown/Grove City: $350,000

Delaware CSD: $360,000

Grove City: $350,000

20

Westerville CSD: $324,900

Grove City: $310,000

Obetz/Hilliard CSD: $345,000

Reynoldsburg CSD: $330,000

Gahanna: $353,500

Pataskala: $367,500

Delaware CSD: $350,500

Top 10 Markets with the Largest Median Sales Price Change Year-to-Date June 2022 to June 2023

Rank

Year to Date June 2022 to June 2023

1

New Albany: $100,000

2

Dublin CSD: $66,500

3

Minerva Park: $55,400

4

Bexley: $55,000

5

German Village: $50,000

6

Upper Arlington CSD: $46,550

7

Dublin: $45,000

8

Buckeye Valley LSD: $41,900

9

Newark CSD: $39,723

10

Lithopolis: $36,000

Top 10 Markets with the Smallest Median Sales Price Change Year-to-Date June 2022 to June 2023

Rank

Year-to-Date June 2022 to June 2023

1

Grandview Heights: -$70,000

2

Granville CSD: -$25,000

3

Canal Winchester CSD: -$20,750

4

Pataskala: -$20,000

5

Miami Trace LSD: -$9,500

6

Jefferson LSD: -$3,200

7

Marysville CSD: -$2,700

8

London CSD: -$1,842

9

Pickerington LSD: -$350

10

Gahanna: -$250

Top 10 Markets with the Most New Listings Year-to-Date June 2022 to June 2023

Rank

January-June Total Closed Sales

Year-to-Date Change June 2022 to June 2023

1

Columbus: 4,526

-19.8%

2

Columbus CSD: 3,060

-21.1%

3

South-Western CSD: 805

-16.3%

4

Olentangy LSD: 678

-1.2%

5

Hilliard CSD: 539

-10.9%

6

Westerville CSD: 523

-20.0%

7

Dublin CSD: 476

-16.8%

8

Pickerington LSD: 367

+4.6%

9

Grove City: 319

-22.6%

10

Worthington: 319

-15.6%

Top 10 Markets with the Most Closed Sales Year-to-Date June 2022 to June 2023

Rank

January-June Total Closed Sales

Year-to-Date Change June 2022 to June 2023

1

Columbus: 4,526

-19.8%

2

Columbus CSD: 3,060

-21.1%

3

South-Western CSD: 805

-16.3%

4

Olentangy LSD: 678

-1.2%

5

Hilliard CSD: 539

-10.9%

6

Westerville CSD: 523

-20.0%

7

Dublin CSD: 476

-16.8%

8

Pickerington LSD: 367

+4.6%

9

Grove City: 319

-22.6%

10

Worthington: 319

-15.6%

Top 10 Fastest-Selling Markets Year-to-Date 2023 by # of Days on Market Before Sale

Rank

# of Days Before Sale

Year-to-Date 2022 to 2023

1

Westerville: 10

66.7%

2

Westerville CSD: 13

62.5%

3

Gahanna: 14

133.3%

4

Hilliard: 14

100%

5

Minerva Park: 14

180%

6

New Albany Plain LSD: 14

-17.6%

7

Dublin: 15

50%

8

Worthington CSD: 15

114.3%

9

Bexley: 17

13.3%

10

German Village: 17

41.7%

11

Worthington: 17

142.9%


Top 10 Slowest-Selling Markets Year-to-Date 2023 by # of Days on Market Before Sale

Rank

# of Days Before Sale

Year-to-Date June 2022 to June 2023

1

Teays Valley LSD: 63

162.5%

2

Downtown: 62

5.1%

3

Jonathan Alder LSD: 48

200%

4

Northridge LSD: 42

-41.7%

5

Lithopolis: 37

516.7%

6

Powell: 37

164.3%

7

Short North: 37

19.4%

8

Big Walnut LSD: 36

140%

9

Obetz: 36

125%

10

Buckeye Valley LSD: 34

36%

11

Miami Trace LSD: 34

142.9%

12

Olentangy LSD: 34

112.5%

13

Pataskala: 34

61.9%



Cool Link Zoning Change Focus Map

Zoning Change Focus Map

Columbus city officials have been working on updating zoning codes for more than a year. In many cases, the codes haven’t been updated since the 1960s or earlier, when priorities were significantly different than they are now. Developers wanting to build more density in neighborhoods and even along high-traffic corridors are often forced to go through lengthy and expensive variance requests. This raises costs for projects- and ultimately rents- and prevents the necessary density to address the long-standing housing shortage. The zoning change code map link below shows the initial areas that could see updates.

The focus areas of the update- at least in the first phase, are detailed on the following map:
Zoning Code Change Focus Areas

The first phase largely looks at the city’s main corridors. Later phases will look at updates in all neighborhoods. Although no specific changes have been confirmed as of yet, it’s possible that the city may do away with single-family exclusionary zoning. What this means is that, outside of historic areas, neighborhoods won’t be limited to single-family housing restrictions. Higher density projects, including doubles and multi-family projects, would be allowed in places where they are not essentially off-limits. Other changes may include reducing or eliminating parking minimums and significantly raising height restrictions.