2024 Housing Market Update

Posted on February 8, 2025 by admin

The 2024 housing market in Columbus was largely one that continued trends of the past several years- generally increasing prices, a shortage of inventory and a quick sales turnaround.

We’ll start this look back by reviewing how the overall metro area and individual county housing markets performed.

Total 2024 Home Sales in the Metro Area: 24526

2024 Home Sales % Change in the Metro Area: +3.07%

2024 Metro Area Median Sales Price: $335,555

2024 Metro Area Median Sales Price % Change: +5.34%

Both home sales and median sales prices were up in the overall metro area.

Now let’s look at individual sub-markets within the metro.

First, overall sales.

Next up, here is the median sales price data.

And finally, here are the charts for the fastest and slowest-selling markets in 2024.

If you don’t see data for the market you are looking for, vist the Housing Reports page of the Columbus Realtors site.

Cool Link Housing Data Comparison

Posted on January 25, 2025 by admin

A view of permitted residential units in Ohio going back to 1980.

With the Housing Data App, users can access different types of housing data for the state, metro, county and city levels going back to 1980. The housing data comparison can be viewed view residential units permitted, total buildings permitted or overall property values. The data can also be view in total and per-capita.
Additionally, if you prefer, you can compare different cities or counties or states and see how their performance compares over time.

Columbus Area Housing Permits

Posted on September 16, 2023 by admin

I talked about housing permits before- almost a decade ago now- and thought it would be a good time to update and expand the information. The following graphs detail Columbus area housing permits as they pertain to new residential units being permitted for construction.

Up first, the below graph shows all permitted units by type for the entire metro area since 1995.

What most stands out about the graph is how single-family construction dominated until the late 2000s. When the Great Recession hit, it completely changed that dynamic. Since then, multi-family units have mostly been on top in most years, perhaps because more money could be made with them with less financial risk.

Here is the permitted housing type as a % of total permitted units.

Between 1995-2010 the average breakdown was 67.46% Single-Family and 32.54% Multi-Family. Since 2010, the breakdown has been 48.16% Single-Family and 51.84% Multi-Family, representing a full 38.6-point margin change towards Multi-Family.

But what about what is actually getting permitted within just the city of Columbus, rather than the entire metro? City-exclusive data is available going back to 1980.

The city experienced the same shift as the overall metro, but much more drastically.

The % of total units by type for the city shows that single-family housing has been steadily becoming a smaller part of new construction permits since around 2003.

Finally, let’s break down multi-family permits by total number of buildings per unit count for the city only.

Except for during the 1990s, 5+-unit buildings have been dominant, but it seems that fewer overall buildings are being built despite total units being high, suggesting that project size has increased over the years.

2023 Mid-Year Housing Market Update

Posted on July 23, 2023 by admin

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%

Housing Market Update January 2023

Posted on February 28, 2023 by admin

The Housing Market Update January 2023 data, the first of the new year, from Columbus Realtors showed that home sales and overall supply continued to decline, helping to ensure most areas saw continued increases in median prices.

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

Closed sales are those sales that were completed during the month. 7 of the 10 metro counties saw declines in January

Only 9 of more than 40 local markets were up year-over-year.

Not sure what was going on in Union County in January, but it was well above all other counties for the month. The market overall continued to be up on price year-over-year, except in Pickaway County.
Overall Market Median Sales Price in January 2023: $307,289
Based on the 10 Columbus Metro Area counties, the metro price saw a more than $39,000 increase over January, 2022.
Overall Market Median Sales Price % Change in January, 2023 vs. January, 2022: +14.6%
Continuing home sale declines had relatively little impact on home prices overall, which saw a strong increase over the year.

It seems the Intel project’s impact may finally be making an appearance in housing numbers, with the Johnstown district seeing a huge increase in median home prices versus January 2022, 2 months before the project became official. That said, New Albany had one of the areas largest declines, but that could be due to it generally being one of the most expensive markets last year.

New listings across most of the metro area were down, accounting for most of the median price increase as demand remains strong in the region. Most of the decrease came from Franklin County.
Total Metro New Listings in January, 2023: 1,612
Total Metro New Listings Change from January, 2022 to January, 2023: -316

Average # of Days Homes Remain on the Market Before Sale for the Metro Overall in January, 2023: 34.0
# of Days Homes Remain on the Market Before Sale for the Metro January, 2022 to January, 2023: +8.8
Homes continued to sell more slowly than they did a year ago, now more than a week more slowly on average.