Category Archives: Columbus Population and Demographics

Housing Market Update January 2023

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Housing market update January 2023

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.

Housing Market Update January 2023 county closed sales
Housing market update January 2023 county closed sales % change
Closed sales are those sales that were completed during the month. 7 of the 10 metro counties saw declines in January
Housing market update January 2023 best closed sales
Housing market update January 2023 worst closed sales
Only 9 of more than 40 local markets were up year-over-year.
Housing market update January 2023 county median price
Housing market update January 2023 county median price change
Housing market update January 2023 median price % change
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.
Housing market update January 2023 least expensive markets
Housing market update January 2023 most expensive markets
Housing market update January 2023 lowest market price change
Housing market update January 2023 highest market price change
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.
Housing market update January 2023 new listings by county
Housing market update January 2023 new listings change
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
Housing market update January 2023 most market listings
Housing market update January 2023 fewest market listings
Housing market update January 2023 county days on market
Housing market update January 2023 days on market change
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.
Housing market update January 2023 fastest selling markets
Housing market update January 2023 slowest selling markets
Housing market update January 2023 market sale days increase
Housing market update January 2023 market sale days decline



Housing Market Update October 2022

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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.