How We Should Develop Around Intel




how we should develop around Intel Columbus, Ohio

Intel’s big project northeast of New Albany is now well-known. People are both excited and cynical about all the potential impacts that will come with it. But what is not discussed nearly as much- and is arguably just as important long-term- is what happens to all the land around it.
Rumors are already flying about developers scrambling to snatch up as much land as they can for housing, and that is no doubt true. The land is largely a blank slate, so what happens to it from this point is entirely up to the cities, towns and townships that the land sits within. Without a coordinated effort and plan, the area will almost certainly become a nightmarish cluster**** of low-density sprawl and endless traffic, which would be to the detriment of all.

So what can be done? How we should develop around Intel is not really the open question some might think. The answer, it seems, is pretty obvious once you get into the details of what types of development provide the most economic and social benefits.

The Area Today
The main Intel site is bounded by Green Chapel Road, Mink Street, Miller Road and Clover Valley Road, encompassing about 1,000 acres, but a larger expansion area is about 3x that size, as shown by the map below.
This area is largely rural and almost entirely made up of farms. There is very little organized development between New Albany and Johnstown, which this site sits between. 2-lane Rt. 62, otherwise known as Johnstown-Utica Road, is the main connection between the two and runs just north of the Intel site.

How we should develop around Intel

How Rt. 62 looks today.

How we should develop around Intel

Clover Valley Road adjacent to the Intel site.

Planned/Ongoing Infrastructure Changes
2022-2023
-Jug Street between Beech Road and Clover Valley Road is being widened to 3 lanes.
-Jug Street between Clover Valley Road and Mink Street will be widened, but still be 2 lanes.
-Green Chapel Road between Rt. 62 and Clover Valley Road will be widened to 3 lanes.
-Green Chapel Road between Clover Valley Road and Mink Street will be widened to 5 lanes.
-Mink Street between 161 and Green Chapel Road will be widened to 5 lanes.
2024-2025
-Harrison Road between Clover Valley Road and Mink Street will be widened to 3 lanes and will be extended between Clover Valley Road and Jug Street.
-Clover Valley Road will be widened to 3 lanes between Jug Street and Green Chapel Road.
-Beech Road between Innovation Corridor Way and Jug Street will be widened to 5 lanes.
-Beech Road between Jug Street and Rt. 62 will be widened to 3 lanes.
-Miller Road between Beech Road and Clover Valley Road will be widened to 3 lanes.

Beyond these road changes, little of anything else is planned. Where Intel has made a presence in other communities in other states, unregulated sprawl seemed to be what mainly happened, but that doesn’t have to happen here. Here is a general outline of what could be.

Map Highlights
-Rt. 62 becomes a mixed-use commercial, retail, restaurant and residential corridor along a tree-line boulevard capable of handling either bike or transit lanes (or both). Several other roads around the area also become boulevards. A “town center” of sorts could be created at the 4-way intersection in red, with mixed-use corridors in all 4 directions. South of 62, medium to high-density residential on a street grid would be the best use, while north of 62 would be more of a mixed-density residential development on a street grid. In both cases, the residential areas would be dotted with parks and playgrounds, corner shops, cafes and other amenities.
The Intel site and surrounding area itself is already basically spoken for, with several areas of planned expansion, while further to the south, New Albany’s business park could see gradual expansion as well.

Now, none of this is more than a thought experiment. There is likely to be heavy NIMBY opposition by locals to any major development, let alone what would be considered a more urban and dense style. However, development is going to happen with or without local approval. The demand will be incredible and far too strong for it to be killed off entirely. All that opposition is likely to accomplish is to create all of the problems they think they’re trying to prevent. There are reasons to go with density and grids over not. Here are just a few of the advantages of a street-grid-based higher density plan:

1. Higher land values. Gridded street layouts tend to haver higher land values than sprawl.
2. Taxes. Gridded streets allow for the creation of higher densities, and as mentioned, higher land values. Cities and towns therefore get a much greater tax return than they would with sprawl.
3. Lower traffic. Gridded streets allow more connectivity between one street and another, and therefore provide more routes to choose from when attempting to avoid traffic. This allows for more traffic dispersal across the board.
4. Lower infrastructure costs. Higher densities allow infrastructure costs to be divided among a greater population, creating a lower general financial burden for residents, as well as local and state entities.
5. More adaptability. It is much easier and cheaper to rebuild along gridded streets than it is the winding streets in the average sprawled neighborhood. The infrastructure doesn’t need to be rebuilt to change development patterns. So low-density housing can be built on a grid initially and then gradually replaced with higher density residential or mixed-use depending on demand.
6. Better transit access. It is very difficult to build transit systems within a sprawled area. Winding roads prevent higher travel speeds for transit, making them inefficient and slow. These systems are also rarely, if ever, built during the initial creation of sprawled neighborhoods. Sprawl is not very adaptable to adding them later if the population density becomes significant enough in the future to support them.
7. Safer for pedestrians. Because gridded streets do such a better job at traffic dispersal, they can be narrower than say, your typical American stroad. As such, narrower streets tend to slow down traffic, lowering the risk of harm to pedestrians and bikers.

So the benefits are pretty clear, but will anyone see them? Johnstown’s government is currently a hot mess, New Albany- which at least has a bit of a track record in planning- doesn’t own any of the land, and neither have hinted whatsoever that they’d even be interested in coming up with a plan. Few, if any, of the developers buying up property have any sort of track record outside of sprawl.
Enormous changes are coming for this area, and for Central Ohio as a whole. It’s going to take forward-thinking leadership to step up- and soon- before it’s too late.



Housing Market Update July 2022



Housing market update July 2022 Columbus, Ohio

For the Housing Market Update July 2022, it seems that whatever minor signs of a market slowdown all but disappeared in July, with strong price increases and shrinking supply almost across the board. All data comes from Columbus Realtors.

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

Top 15 Most Expensive Locations By Median Sales Price in July 2022
1. New Albany: $1,001,000
2. New Albany Plain LSD: $836,500
3. German Village: $590,000
4. Powell: $582,500
5. Dublin: $557,000
6. Grandview Heights: $544,500
7. Bexley: $520,000
8. Worthington: $512,000
9. Dublin CSD: $510,000
10. Olentangy LSD: $500,000
11. Big Walnut LSD: $499,990
12. Upper Arlington CSD: $494,950
13. Granville LSD: $471,000
14. Buckeye Valley LSD: $460,000
15. Pickerington: $455,900
New Albany finally blew past the 1 million mark in July, almost 2x the next set of most expensive markets.

Top 15 Least Expensive Locations by Median Sales Price in July 2022
1. Valleyview: $163,000
2. Hamilton LSD: $184,500
3. Newark CSD: $200,000
4. Circleville CSD: $205,000
5. Lancaster CSD: $219,000
6. Miami Trace LSD: $234,900
7. Groveport Madison LSD: $240,000
8. Columbus CSD: $246,000
9. Jefferson LSD: $253,500
10. South Western CSD: $260,500
11. London CSD: $264,000
12. Columbus: $275,000
13. Grove City: $288,000
14. Reynoldsburg CSD: $297,500
15. Northridge LSD: $300,000
Only 2 metro markets remain below $200,000.

Overall Market Median Sales Price in July: $317,880
Based on the 10 Columbus Metro Area counties. This price was slightly lower than in May.

Top 15 Locations with the Highest Median Sales Price % Growth Between July 2021 and July 2022
1. Miami Trace LSD: +60.9%
2. Obetz: +36.8%
3. New Albany: +31.3%
4. Newark CSD: +31.1%
5. Pickerington: +29.0%
6. Teays Valley LSD: +26.4%
7. New Albany Plain LSD: +25.8%
8. Powell: +25.3%
9. Delaware CSD: +23.9%
10. German Village: +23.8%
11. Circleville CSD: +23.1%
12. Worthington: +22.8%
13. Westerville: +21.9%
14. Jefferson LSD: +21.9%
15. Marysville CSD: +20.2%
16. Canal Winchester CSD: +19.1%

Top 15 Locations with the Lowest Median Sales Price % Growth Between July 2021 and July 2022
1. Bexley: -15.4%
2. Short North: -13.0%
3. Northridge LSD: -9.5%
4. Hamilton LSD: -5.8%
5. Valleyview: -5.8%
6. Grove City: -2.3%
7. Sunbury: -0.6%
8. London CSD: +0.3%
9. Upper Arlington CSD: +0.5%
10. Buckeye Valley LSD: +2.2%
11. Columbus CSD: +4.75
12. Dublin: +5.1%
13. Downtown: +5.2%
14. Jonathan Alder LSD: +6.1%
15. South Western CSD: +6.3%
16. Beechwold/Clintonville: +6.5%
Downtown finally broke a string of negative months.

Overall Market Median Sales Price % Change July 2022 vs. July 2021: +13.1%
Based on 53 metro market locations.

Top 10 Locations with the Most New Listings in July 2022
1. Columbus: 1,278
2. Columbus CSD: 854
3. Olentangy LSD: 204
4. South Western CSD: 181
5. Dublin CSD: 159
6. Westerville CSD: 158
7. Hilliard CSD: 155
8. Pickerington LSD: 109
9. Gahanna Jefferson CSD: 100
10. Newark CSD: 79

Top 10 Locations with the Fewest New Listings in July 2022
1. Valleyview: 0
2. Jefferson LSD: 3
3. Minerva Park: 6
4. Lithopolis: 6
5. Obetz: 6
6. Grandview Heights: 7
7. Northridge LSD: 9
8. Granville LSD: 9
9. Miami Trace LSD: 10
10. New Albany: 10
11. Jonathan Alder LSD: 13
12. Sunbury: 14
13. Germany Village: 15
14. Hamilton LSD: 16
15. Whitehall: 16

Total New Listings in the Columbus Metro in July 2022: +3,239
Overall Metro New Listings % Change July 2022 vs July 2021: -20.3%
New listings fell strongly in July versus a year prior as the familiar story of demand far outpacing supply continued in the metro area.



Top 10 Fastest-Selling Locations by # of Days Homes Remain on the Market Before Sale in July 2022
1. Lithopolis: 3
2. Minerva Park: 4
3. Circleville CSD: 5
4. Gahanna: 6
5. Obetz: 6
6. Sunbury: 6
7. Canal Winchester CSD: 7
8. Hilliard: 7
9. Jonathan Alder LSD: 7
10. Pickerington: 7
11. Big Walnut LSD: 8
12. Dublin: 8
13. Hamilton LSD: 8
14. Hilliard CSD: 8
15. Newark CSD: 8
16. Northridge LSD: 8
17. Reynoldsburg CSD: 8
18. Upper Arlington CSD: 8
19. Valleyview: 8
20. Whitehall: 8
21. Worthington CSD: 8
22. Granville LSD: 9
23. Jefferson LSD: 9
24. Pickerington LSD: 9
25. New Albany LSD: 9
26. Powell: 9
27. Delaware CSD: 10
28. Lancaster CSD: 10
29. South Western CSD: 10
30. Westerville CSD: 10
31. Worthington: 10
32. Blacklick: 11
33. Columbus: 11
34. Dublin CSD: 11
35. Gahanna Jefferson CSD: 11
36. London CSD: 11
37. New Albany: 11
38. Beechwold/Clintonville: 12
39. Groveport Madison LSD: 12
Most local markets continue to have very low selling spread between them.

Top 10 Slowest-Selling Locations by # of Days Homes Remain on the Market Before Sale in July 2022
1. Short North: 48
2. German Village: 39
3. Downtown: 37
4. Teays Valley LSD: 35
5. Miami Trace LSD: 30
6. Grandview Heights: 19
7. Grove City: 16
8. Johnstown Monroe LSD: 16
9. Marysville CSD: 15
10. Pataskala: 15
11. Buckeye Valley LSD: 14
12. Columbus CSD: 14
13. Olentangy LSD: 14
14. Bexley: 13
15. Westerville: 13

Top 10 Locations with the Greatest % Decline of # of Days on the Market Before Sale July 2022 vs. July 2021
1. Big Walnut LSD: -63.6%
2. New Albany LSD: -57.1%
3. Buckeye Valley LSD: -53.3%
4. Dublin: -46.7%
5. New Albany: -45.0%
6. Minerva Park: -42.9%
7. Northridge LSD: -42.9%
8. Granville LSD: -40.0%
9. Circleville CSD: -37.5%
10. Hamilton LSD: -33.3%
11. Pickerington: -30.0%

Top 10 Locations with the Lowest % Decline of # of Days on the Market Before Sale July 2022 vs. July 2021
1. Teays Valley LSD: +600.0%
2. Johnstown Monroe LSD: +433.3%
3. German Village: +387.5%
4. Short North: +269.2%
5. Obetz: +200.0%
6. Valleyview: +166.7%
7. Gahanna Jefferson CSD: +120.0%
8. Grove City: +100.0%
9. Reynoldsburg CSD: +100.0%
10. Westerville: +85.7%
11. Blacklick: +83.3%

Total # of Days Homes Remain on the Market Before Sale Across the Metro Overall: 16.2
Overall Metro Days on Market % Change July 2022 vs July 2021: +45.9%
Homes spent much longer on the market across the metro than they did the year before, but the pace was still relatively fast.



Housing Market Update June 2022



Local housing market update June 2022 Columbus, Ohio

In this latest edition of the Housing Market Update June 2022, data shows that home prices and sales remain strong, but perhaps not quite as strong as in May or other previous months. All data comes from Columbus Realtors.

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

Top 15 Most Expensive Locations By Median Sales Price in June 2022
1. New Albany: $912,500
2. New Albany Plain LSD: $795,000
3. Upper Arlington CSD: $650,000
4. Powell: $601,000
5. Dublin: $570,000
6. Olentangy LSD: $531,000
7. Granville LSD: $527,000
8. Grandview Heights: $525,000
9. Bexley: $498,425
10. Buckeye Valley LSD: $478,980
11. Hilliard: $465,500
12. Short North: $459,000
13. Dublin CSD: $455,000
14. Worthington: $$455,000
15. Big Walnut LSD: $432,500
16. German Village: $430,000
Whether due to the Intel project or other factors, New Albany’s median sales price continued its path toward a million dollars.

Top 15 Least Expensive Locations by Median Sales Price in June 2022
1. Newark CSD: $168,000
2. Whitehall: $178,500
3. Miami Trace LSD: $184,316
4. Lancaster CSD: $203,500
5. Circleville CSD: $230,000
6. Hamilton LSD: $231,500
7. Groveport Madison LSD: $249,450
8. Columbus CSD: $252,500
9. Jefferson LSD: $267,550
10. Minerva Park: $272,500
11. Columbus: $275,000
12. Reynoldsburg CSD: $280,000
13. South Western CSD: $280,000
14. London CSD: $290,000
15. Delaware CSD: $320,000
16. Downtown: $324,450
The least expensive local markets aren’t so cheap anymore, with only a handful still under the $200,000 level. Columbus remains *relatively* affordable in comparison to most areas.

Overall Market Median Sales Price in June: $300,627
Based on the 10 Columbus Metro Area counties. This price was slightly lower than in May.

Top 15 Locations with the Highest Median Sales Price % Growth Between June 2021 and June 2022
1. Obetz: +68.2%
2. New Albany Plain LSD: +59.0%
3. Circleville CSD: +45.1%
4. Granville LSD: +36.5%
5. Upper Arlington CSD: +36.0%
6. Hilliard: +31.1%
7. Johnstown-Monroe LSD: $28.0%
8. Delaware CSD: +27.0%
9. New Albany: +26.7%
10. Hamilton LSD: +26.5%
11. Teays Valley LSD: +25.9%
12. Groveport Madison LSD: +24.7%
13. Pickerington: +23.4%
14. Pataskala: +23.0%
15. Lithopolis: +19.3%
New Albany is clearly moving up the list of growers, as are other areas near the INtel site.

Top 15 Locations with the Lowest Median Sales Price % Growth Between June 2021 and June 2022
1. Minerva Park: -27.8%
2. Downtown: -27.1%
3. Bexley: -20.3%
4. Valleyview: -18.5%
5. Miami Trace LSD: -11.4%
6. Big Walnut LSD: -8.5%
7. German Village: -7.4%
8. Worthington CSD: -1.4%
9. Westerville: +0.0%
10. Dublin CSD: +2.2%
11. Westerville CSD: +2.7%
12. Worthington: +3.4%
13. Gahanna Jefferson CSD: +3.7%
14. Jonathan Alder LSD: +4.4%
15. Northridge LSD: +5.8%

Overall Market Median Sales Price % Change June 2022 vs. June 2021: +13.4%
Based on 53 metro market locations.

Top 10 Locations with the Most New Listings in June 2022
1. Columbus: 1,459
2. Columbus CSD: 971
3. South Western CSD: 244
4. Olentangy LSD: 238
5. Westerville CSD: 183
6. Hilliard CSD: 173
7. Dublin CSD: 156
8. Worthington CSD: 115
9. Pickerington LSD: 112
10. Grove City: 102

Top 10 Locations with the Fewest New Listings in June 2022
1. Valleyview: 3
2. Minerva Park: 5
3. Lithopolis: 8
4. Obetz: 8
5. Jefferson LSD: 10
6. Grandview Heights: 10
7. Northridge LSD: 12
8. Granville LSD: 12
9. Hamilton LSD: 14
10. Sunbury: 15
11. Bexley: 16
12. Miami Trace LSD: 17
13. Johnstown Monroe LSD: 19

Total New Listings in the Columbus Metro in June 2022: +3,705
Overall Metro New Listings % Change June 2022 vs June 2021: -3.8%
New listings fell for the 2nd consecutive month despite summer usually being the time when more people put their homes on the market.



Top 10 Fastest-Selling Locations by # of Days Homes Remain on the Market Before Sale in June 2022
1. Minerva Park: 3
2. Gahanna: 5
3. Powell: 5
4. Valleyview: 5
5. Worthington CSD: 5
6. Hilliard CSD: 6
7. Johnstown Monroe LSD: 6
8. Newark CSD: 6
9. Upper Arlington CSD: 6
10. Worthington: 6
11. Beechwold/Clintonville: 7
12. German Village: 7
13. Hilliard: 7
14. Lancaster CSD: 7
15. Marysville CSD: 7
16. Westerville: 7
17. Westerville CSD: 7
18. Delaware CSD: 8
19. Grove City: 8
20. Groveport Madison LSD: 8
21. Jefferson LSD: 8
22. Jonathan Alder LSD: 8
23. New Albany Plain: LSD: 8
24. Pickerington LSD: 8
25. Reynoldsburg CSD: 8
26. Blacklick: 9
27. Columbus: 9
28. Gahanna Jefferson CSD: 9
29. Lithopolis: 9
30. Olentangy LSD: 9
31. Pickerington: 9
32. Whitehall: 9
33. Canal Winchester CSD: 10
34. Grandview Heights: 10
35. New Albany: 10
36. South Western CSD: 10
37. Columbus CSD: 11
38. Dublin CSD: 11
39. Granville LSD: 11
40. London CSD: 11
41. Bexley: 13
42. Dublin: 13
43. Big Walnut LSD: 15
44. Short North: 15

The “Top 10” became the Top 44 just given that most of the local markets are selling so similarly quickly. There is relatively little spread between the fastest and slowest-selling markets.

Top 10 Slowest-Selling Locations by # of Days Homes Remain on the Market Before Sale in June 2022
1. Northridge LSD: 51
2. Downtown: 43
3. Teays Valley LSD: 30
4. Buckeye Valley LSD: 26
5. Circleville CSD: 25
6. Miami Trace LSD: 24
7. Sunbury: 23
8. Obetz: 22
9. Pataskala: 21
10. Hamilton LSD: 17

Top 10 Locations with the Greatest % Decline of # of Days on the Market Before Sale June 2022 vs. June 2021
1. German Village: -74.1%
2. Bexley: -69.0%
3. Grandview Heights: -58.3%
4. Upper Arlington CSD: -53.8%
5. Lancaster CSD: -50.0%
6. Grove City: -42.9%
7. Beechwold/Clintonville: -41.7%
8. New Albany: -37.5%
9. New Albany Plain LSD: -33.3%
10. Newark CSD: -33.3%
11. Worthington: -33.3%
12. Granville LSD: -31.3%

Top 10 Locations with the Lowest % Decline of # of Days on the Market Before Sale June 2022 vs. June 2021
1. Northridge LSD: +325.0%
2. Circleville CSD: +212.5%
3. Miami Trace LSD: +200.0%
4. Sunbury: +155.6%
5. Teays Valley LSD: +150.0%
6. Pickerington: +125.0%
7. Hamilton LSD: +112.5%
8. Pataskala: +110.0%
9. Canal Winchester CSD: +100.0%
10. Lithopolis: +80.0%

Total # of Days Homes Remain on the Market Before Sale Across the Metro Overall: 14.7
Overall Metro Days on Market % Change June 2022 vs June 2021: +4.3%
Homes spent slightly longer on the market in June vs. a year ago, again signaling that perhaps a slowdown is in the very early stages.



Housing Market Update May 2022




Local housing market update May 2022 Columbus, Ohio

In this latest edition of the Housing Market Update May 2022, we see that home prices continue to reach record levels in the metro area, and houses are selling faster than ever. With rising mortgage interest rates, will the region eventually see a slowdown?

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

Top 15 Most Expensive Locations By Median Sales Price in May 2022
1. New Albany: $789,900
2. New Albany Plain LSD: $650,000
3. Big Walnut LSD: $572,127
4. Powell: $565,000
5. Upper Arlington CSD: $558,000
6. Dublin: $555,000
7. Grandview Heights: $545,000
8. Granville CSD: $530,000
9. Dublin CSD: $515,000
10. Olentangy LSD: $505,000
11. Buckeye Valley LSD: $495,000
12. Worthington: $481,000
13. German Village: $475,000
14. Bexley: $470,000
15. Pickerington: $444,000
16. Canal Winchester CSD: $430,000
Several suburbs now have median prices at or above half a million dollars, with several others not too far behind.

Top 15 Least Expensive Locations by Median Sales Price in May 2022
1. Lancaster CSD: $175,000
2. Miami Trace LSD: $180,000
3. Newark CSD: $184,000
4. Circleville CSD: $187,500
5. Whitehall CSD: $205,000
6. Jefferson LSD: $220,000
7. London CSD: $227,450
8. Groveport Madison LSD: $243,000
9. Hamilton LSD: $256,700
10. Obetz: $256,700
11. Columbus CSD: $257,500
12. Columbus: $277,750
13. Reynoldsburg CSD: $280,500
14. Minerva Park: $291,500
15. South Western CSD: $295,450
On the opposite side of things, even some of the cheapest markets are approaching the $300K mark. Columbus itself remains *relatively* affordable in comparison to the market overall.

Overall Market Median Sales Price in May: $303,460
Based on the 10 Columbus Metro Area counties.

Top 15 Locations with the Highest Median Sales Price % Growth Between May 2021 and May 2022
1. Canal Winchester CSD: +65.4%
2. Big Walnut LSD: +50.4%
3. Whitehall: +48.6%
4. Northridge LSD: +42.6%
5. Groveport Madison LSD: +39.0%
6. Grandview Heights: +38.3%
7. Granville CSD: +31.7%
8. Gahanna: +27.6%
9. Teays Valley LSD: +26.4%
10. Pataskala: +26.3%
11. Pickerington: +25.1%
12. Downtown: +24.3%
13. Johnstown-Monroe LSD: +23.5%
14. Powell: +22.8%
15. Sunbury: +22.5%

Top 15 Locations with the Lowest Median Sales Price % Growth Between May 2021 and May 2022
1. German Village: -24.6%
2. Miami Trace LSD: -19.3%
3. Obetz: -14.0%
4. Bexley: -5.5%
5. Delaware CSD: -4.7%
6. New Albany: -2.5%
7. Minerva Park: -2.2%
8. Lancaster CSD: -0.6%
9. Newark CSD: -0.1%
10. Jonathan Alder LSD: 0.0%
11. Short North: 0.5%
12. London CSD: +1.1%
13. Westerville: +2.4%
14. Circleville CSD: +3.0%
15. Beechwold/Clintonville: +3.5%
So far, the “Intel Effect” has yet to kick in in places like Newark and some Northeast Side communities. Only Johnstown is seeing a significant price increase. This may have to do with some of these places already being overvalued, especially New Albany.

Overall Market Median Sales Price % Change May 2022 vs. May 2021: +14.5%
Based on 53 metro market locations.

Top 10 Locations with the Most New Listings in May 2022
1. Columbus: 1,337
2. Columbus CSD: 898
3. Olentangy LSD: 214
4. South Western CSD: 210
5. Hilliard CSD: 162
6. Dublin CSD: 146
7. Westerville CSD: 139
8. Worthington CSD: 94
9. Dublin: 90
10. Lancaster CSD: 88

Top 10 Locations with the Fewest New Listings in May 2022
1. Valleyview: 0
2. Lithopolis: 2
3. Minerva Park: 5
4. Obetz: 6
5. Jefferson LSD: 12
6. Northridge LSD: 14
7. Johnstown-Monroe LSD: 15
8. Miami Trace LSD: 18
9. Sunbury: 20
10. Granville CSD: 20
11. German Village: 21

Total New Listings in the Columbus Metro in May 2022: +3,362
Overall Metro New Listings % Change May 2022 vs May 2021: -3.1%
New listings fell in May year-over-year even though the late spring is often a time when more homes go onto the market. Franklin County had one of the largest declines in inventory, dropping about 6.9%.



Top 10 Fastest-Selling Locations by # of Days Homes Remain on the Market Before Sale in May 2022
1. Grandview Heights: 3
2. Canal Winchester CSD: 4
3. Hilliard: 4
4. Miami Trace LSD: 4
5. Minerva Park: 4
6. Westerville: 4
7. Westerville CSD: 4
8. German Village: 5
9. Hilliard CSD: 5
10. Marsyville CSD: 5
11. Powell: 5
12. Reynoldsburg CSD: 5
13. Sunbury: 5
14. Worthington: 5
15. Worthington CSD: 5
16. Bexley: 6
17. Dublin: 6
18. Groveport Madison LSD: 6
19. Jefferson LSD: 6
20. Pickerington: 6
21. Hamilton LSD: 7
22. Lancaster CSD: 7
23. Newark CSD: 7
24. Pickerington LSD: 7
25. Upper Arlington CSD: 7
26. Whitehall: 7
27. Beechwold/Clintonville: 8
28. Gahanna: 8
29. Delaware CSD: 9
30. South Western CSD: 9
31. Blacklick: 10
32. Columbus: 10
33. Johnstown-Monroe LSD: 10
34. Gahanna Jefferson LSD: 12
35. Dublin CSD: 13
36. Grove City: 13

The “Top 10” became the Top 36 just given that most of the local markets are selling so similarly quickly. There is relatively little spread between the fastest and slowest-selling markets, with some obvious exceptions.

Top 10 Slowest-Selling Locations by # of Days Homes Remain on the Market Before Sale in May 2022
1. Northridge LSD: 84
2. Downtown: 75
3. New Albany: 29
4. Buckeye Valley LSD: 28
5. Granville CSD: 27
6. Teays Valley LSD: 27
7. London CSD: 26
8. Short North: 25
9. Jonathan Alder LSD: 22
10. Big Walnut LSD: 20
11. New Albany LSD: 19
12. Obetz: 19
13. Pataskala: 19

Top 10 Locations with the Greatest % Decline of # of Days on the Market Before Sale May 2022 vs. May 2021
1. Bexley: -76.0%
2. Jefferson LSD: -73.9%
3. Lancaster CSD: -72.0%
4. Dublin: -68.4%
5. Johnstown-Monroe LSD: -64.3%
6. Grandview Heights: -62.5%
7. Reynoldsburg CSD: -58.3%
8. Short North: -51.0%
9. Hamilton LSD: -50.0%
10. Hilliard: -50.0%
11. Westerville: -50.0%
12. Hilliard CSD: -44.4%

Top 10 Locations with the Lowest % Decline of # of Days on the Market Before Sale May 2022 vs. May 2021
1. Northridge LSD: +1,300.0%
2. Jonathan Alder LSD: +633.3%
3. Valleyview: +400.0%
4. London CSD: +188.9%
5. New Albany: +141.7%
6. New Albany LSD: +111.1%
7. Downtown: +92.3%
8. Granville CSD: +80.0%
9. Circleville CSD: +77.8%
10. Teays Valley LSD: +68.8%

% Change for the # of Days Homes Remain on the Market Before Sale Across the Metro Overall: 15.6
Overall Metro Days on Market % Change May 2022 vs May 2021: -1.3%

Columbus Realtors offers monthly housing reports and other data back several years.



Housing Market Update April 2022



housing market update April 2022 Columbus, Ohio

All data for the Housing Market Update comes from Columbus Realtors.

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

Top 15 Most Expensive Locations By Median Sales Price in April 2022
1. New Albany: $650,000
2. New Albany Plain LSD: $635,000
3. Powell: $605,663
4. Grandview Heights: $585,000
5. Upper Arlington CSD: $580,000
6. Granville CSD: $566,500
7. German Village: $565,000
8. Bexley: $562,000
9. Dublin: $547,500
10. Olentangy LSD: $508,900
11. Worthington: $507,500
12. Dublin CSD: $480,000
13. Big Walnut LSD: $463,178
14. Hilliard: $450,000
15. Sunbury: $427,500

Top 15 Least Expensive Locations by Median Sales Price in April 2022
1. Newark CSD: $175,000
2. Whitehall: $190,000
3. Lancaster CSD: $190,000
4. Circleville CSD: $200,000
5. Miami Trace LSD: $210,000
6. Hamilton LSD: $214,500
7. Obetz: $220,000
8. London CSD: $244,750
9. Columbus CSD: $247,000
10. Groveport Madison LSD: $253,500
11. Columbus: $263,000
12. South Western CSD: $275,000
13. Jefferson LSD: $285,000
14. Reynoldsburg CSD: $299,850
15. Gahanna: $310,000
Even the cheapest markets are mostly above $200K now.

Overall Market Median Sales Price in April: $300,875
Based on the 10 Columbus Metro Area counties. This price was slightly lower than in May.

Top 15 Locations with the Highest Median Sales Price % Growth Between April 2021 and April 2022
1. Minerva Park: +59.6%
2. Lithoplis: +44.1%
3. Jefferson LSD: +43.9%
4. Miami Trace LSD: +40.0%
5. Pataskala: +39.6%
6. Granville CSD: +38.2%
7. Sunbury: +37.7%
8. Canal Winchester CSD: +36.7%
9. New Albany Plain LSD: +35.3%
10. Grove City: +30.4%
11. Groveport Madison LSD: +29.3%
12. Worthington CSD: +27.8%
13. Reynoldsburg CSD: +26.0%
14. Newark CSD: +25.0%
15. Upper Arlington CSD: +24.7%

Top 15 Locations with the Lowest Median Sales Price % Growth Between April 2021 and April 2022
1. Jonathan Alder LSD: -21.6%
2. Short North: -18.6%
3. Buckeye Valley LSD: -17.6%
4. Lancaster CSD: -5.0%
5. New Albany: -4.1%
6. Obetz: -2.3%
7. German Village: -0.9%
8. Beechwold/Clintonville: +4.3%
9. Dublin: +6.5%
10. Bexley: +6.5%
11. Dublin CSD: +9.8%
12. Hamilton LSD: +9.9%
13. Westerville: +11.9%
14. Columbus CSD: +13.8%
15. Olentangy LSD: +14.0%
16. Columbus: +15.1%
Columbus core neighborhoods and Columbus overall saw some of the smallest or even negative price changes.

Overall Market Median Sales Price % Change April 2022 vs. April 2021: +19.8%

Top 10 Locations with the Most New Listings in April 2022
1. Columbus: 1,260
2. Columbus CSD: 856
3. South Western CSD: 223
4. Olentangy LSD: 170
5. Westerville CSD: 161
6. Hilliard CSD: 136
7. Dublin CSD: 131
8. Pickerington LSD: 99
9. Grove City: 93
10. Worthington CSD: 91

Top 10 Locations with the Fewest New Listings in April 2022
1. Valleyview: 1
2. Lithopolis: 3
3. Jefferson LSD: 5
4. Minerva Park: 6
5. Grandview Heights: 7
6. Northridge LSD: 8
7. Obetz: 10
8. German Village: 10
9. Sunbury: 11
10. Jonathan Alder LSD: 12
11. Hamilton LSD: 15
12. Granville CSD: 15

Total New Listings in the Columbus Metro in April 2022: +3,194
Overall Metro New Listings % Change April 2022 vs April 2021: -1.7%



Top 10 Fastest-Selling Locations by # of Days Homes Remain on the Market Before Sale in April 2022
1. Gahanna: 3
2. Jefferson LSD: 3
3. Minerva Park: 3
4. Worthington: 3
5. Blacklick: 4
6. Canal Winchester CSD: 4
7. Gahanna Jefferson CSD: 4
8. Jonathan Alder LSD: 4
9. Obetz: 4
10. Big Walnut LSD: 5
11. Hilliard CSD: 5
12. Powell: 5
13. Sunbury: 5
14. Dublin: 6
15. Hilliard: 6
16. Lithopolis: 6
17. Reynoldsburg CSD: 6
18. Whitehall: 6
19. Worthington CSD: 6
20. Hamilton LSD: 7
21. Miami Trace LSD: 7
22. Westerville: 7
23. Dublin CSD: 8
24. Groveport Madison LSD: 8
25. Upper Arlington CSD: 8
26. Beechwold/Clintonville: 9
27. Westerville CSD: 9
28. Granville CSD: 10
29. Marysville CSD: 10
30. Pickerington LSD: 10
31. Bexley: 11
32. Columbus: 11
33. Delaware CSD: 11
34. German Village: 11
35. Johnstown-Monroe LSD: 11
36. Lancaster CSD: 11
37. Newark CSD: 11
38. Olentangy LSD: 11
39. Pickerington: 11
40. Circleville CSD: 13
41. Grandview Heights: 13

Top 10 Slowest-Selling Locations by # of Days Homes Remain on the Market Before Sale in April 2022
1. Northridge LSD: 58
2. Downtown: 40
3. Short North: 31
4. London CSD: 24
5. Buckeye Valley LSD: 23
6. Grove City: 22
7. Pataskala: 21
8. New Albany: 20
9. Teays Valley LSD: 15
10. Columbus CSD: 14
11. New Albany Plain LSD: 14
12. South Western CSD: 14

Top 10 Locations with the Greatest % Decline of # of Days on the Market Before Sale April 2022 vs. April 2021
1. Miami Trace LSD: -86.3%
2. Gahanna: -76.9%
3. Gahanna Jefferson CSD: -75.0%
4. Granville CSD: -74.4%
5. Blacklick: -71.4%
6. German Village: -71.1%
7. New Albany Plain LSD: -64.1%
8. Obetz: -63.6%
9. New Albany: -59.2%
10. Upper Arlington CSD: -55.6%

Top 10 Locations with the Lowest % Decline of # of Days on the Market Before Sale April 2022 vs. April 2021
1. Lithopolis: +200.0%
2. Northridge LSD: +176.2%
3. Grove City: +69.2%
4. Sunbury: +66.75
5. Pataskala: +61.5%
6. London CSD: +60.0%
7. South Western CSD: +55.6%
8. Downtown: +48.1%
9. Westerville: +40.0%
10. Delaware CSD: +37.5%
11. Johnstown-Monroe LSD: +37.5%

Total # of Days Homes Remain on the Market Before Sale Across the Metro Overall: 13.7
Overall Metro Days on Market % Change April 2022 vs April 2021: -35.7%
Homes were selling on average almost 8 days after than a year ago.