Housing Market Update March 2022




Local Housing Market Update March 2022 Columbus, Ohio

The local housing market update March 2022 has been release by Columbus Realtors. Here are the numbers!

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 March 2022
1. New Albany: $682,500
2. German Village: $667,500
3. Powell: $638,000
4. New Albany Plain LSD: $535,000
5. Grandview Heights: $535,000
6. Upper Arlington CSD: $525,000
7. Big Walnut LSD: $520,000
8. Olentangy LSD: $500,000
9. Dublin: $481,000
10. Short North: $480,000
11. Granville CSD: $460,000
12. Dublin CSD: $430,000
13. Jonathan Alder LSD: $413,500
14. Bexley: $410,000
15. Pickerington: $408,000
16. Worthington: $408,000

Top 15 Least Expensive Locations by Median Sales Price in March 2022
1. Whitehall: $160,250
2. Circleville CSD: $162,500
3. Newark CSD: $180,000
4. Lancaster CSD: $180,000
5. Hamilton LSD: $185,000
6. Obetz: $209,000
7. Miami Trace: $214,000
8. Columbus CSD: $234,000
9. Groveport Madison LSD: $237,500
10. Jefferson LSD: $240,950
11. Columbus: $248,000
12. London CSD: $250,000
13. South-Western CSD: $260,000
14. Blacklick: $270,000
15. Reynoldsburg CSD: $286,250

Overall Market Median Sales Price in March: $279,265
Based on the 10 Columbus Metro Area counties.

Top 15 Locations with the Highest Median Sales Price % Growth Between March 2021 and March 2022
1. Johnstown-Monroe LSD: +60.0%
2. Miami Trace LSD: +40.9%
3. German Village: +40.4%
4. Reynoldsburg CSD: +39.5%
5. Teays Valley LSD: +36.9%
6. Big Walnut LSD: +35.1%
7. Jefferson LSD: +30.2%
8. Jonathan Alder LSD: +29.2%
9. Pataskala: +28.6%
10. Northridge LSD: +28.5%
11. Groveport Madison LSD: +28.4%
12. Canal Winchester CSD: +25.6%
13. Hilliard CSD: +24.7%
14. Delaware CSD: +24.3%
15. Newark CSD: +23.3%

Top 15 Locations with the Lowest Median Sales Price % Growth Between March 2021 and March 2022
1. Circleville CSD: -22.6%
2. Lithopolis: -15.6%
3. Obetz: -8.1%
4. Buckeye Valley LSD: -3.0%
5. Bexley: -0.7%
6. London CSD: -0.4%
7. New Albany Plain LSD: +2.2%
8. Dublin CSD: +2.6%
9. Blacklick: +2.7%
10. Dublin: +4.1%
11. Grove City: +4.4%
12. New Albany: +4.7%
13. Sunbury: +5.5%
14. Worthington CSD: +9.7%
15. Westerville: +10.1%

Curiously, New Albany has not yet seen significant housing cost increases despite the news of the Intel development announced a few months ago, but that may just be due to the fact that housing prices there exceed all other markets by a good margin already.

Overall Market Median Sales Price % Change March 2022 vs. March 2021: +19.6%
Based on 52 metro market locations.

Top 10 Locations with the Most New Listings in March 2022
1. Columbus: 1,161
2. Columbus CSD: 773
3. South Western CSD: 205
4. Olentangy LSD: 151
5. Westerville CSD: 144
6. Hilliard CSD: 121
7. Dublin CSD: 113
8. Pickerington LSD: 94
9. Worthington CSD: 85
10. Grove City: 84

Top 10 Locations with the Fewest New Listings in March 2022
1. Valleyview: 1
2. Minerva Park: 1
3. Lithopolis: 3
4. Sunbury: 10
5. Northridge LSD: 10
6. Obetz: 12
7. Johnstown Monroe LSD: 12
8. German Village: 13
9. Powell: 13
10. Jefferson LSD: 14
11. Whitehall: 14

Total New Listings in the Columbus Metro in March 2022: +2,901
Overall Metro New Listings % Change March 2022 vs March 2021: +3.7%

New listings did increase in March versus a year ago, but only slightly. Listings tend to increase as the weather warms up.



Top 10 Fastest-Selling Locations by # of Days Homes Remain on the Market Before Sale in March 2022
1. Lithopolis: 2
2. Miami Trace LSD: 3
3. Minerva Park: 3
4. Pickerington: 4
5. German Village: 5
6. Westerville: 5
7. Worthington: 5
8. Worthington CSD: 5
9. Dublin: 7
10. Gahanna: 7
11. Groveport Madison LSD: 7
12. New Albany: 7

Top 10 Slowest-Selling Locations by # of Days Homes Remain on the Market Before Sale in March 2022
1. Northridge LSD: 78
2. Downtown: 60
3. Granville CSD: 52
4. Short North: 51
5. Grandview Heights: 38
6. Oberz: 27
7. Circleville CSD: 25
8. Delaware CSD: 22
9. Hamilton LSD: 22
10. Johnstown Monroe LSD: 22

Top 10 Locations with the Greatest % Decline of # of Days on the Market Before Sale March 2022 vs. March 2021
1. Lithopolis: -96.6%
2. Miami Trace LSD: -85.7%
3. Pickerington: -84.6%
4. Dublin: -81.1%
5. Worthington CSD: -76.2%
6. Big Walnut LSD: -75.5%
7. Worthington: -72.2%
8. German Village: -70.6%
9. Westerville: -68.8%
10. Powell: -67.3%

Top 10 Locations with the Lowest % Decline of # of Days on the Market Before Sale March 2022 vs. March 2021
1. Canal Winchester CSD: +466.7%
2. Johnstown Monroe LSD: +450.0%
3. Northridge LSD: +254.5%
4. Granville CSD: +126.1%
5. Hilliard: +100.0%
6. Hamilton LSD: +69.2%
7. Obetz: +50.0%
8. Whitehall: +44.4%
9. London CSD: +30.0%
10. Grove City: +28.6%
11. Teays Valley LSD: +28.6%

% Change for the # of Days Homes Remain on the Market Before Sale Across the Metro Overall: 20.4
Overall Metro Days on Market % Change March 2022 vs March 2021: -12.1%



More Historic Building Preservation Results




More historic building preservation results

A few years back, I wrote about the outcomes of Columbus Landmarks’ historic buildings under threat from development or demolition. A few of the buildings had already been lost, a few had been saved, but several had no resolution. Since then, however, the list has seen more historic building preservation results arrive.
Additionally, other buildings that were not on the Columbus Landmarks list of endangered buildings have recently come under threat.

Columbus Landmarks List Buildings

Indianola Junior High School
Address: 420 E. 19th Avenue
Built: 1929
Status as of April 2022: Existing, with a Renovation Plan

Indianola in 2015.

Some good news for the very first Junior High building in the United States. An independent STEM school chain, Metro Schools, announced in May of last year that they will be renovating the old school for grades 6-12. Through April of this year, renovation does not appear to have started, however.

Bellows Avenue Elementary
Address: 725 Bellows Avenue
Built: 1905
Status as of April 2022: Existing, with a Renovation Plan


In November of 2021, Columbus City Council approved redevelopment plans that would renovate the school into a mix of office space and apartments. Additionally, the remaining school site land would be filled with new townhomes. Work has yet to begin on this project, however.

Near East Trolley Barn Complex
Address: 1600 Oak Street
Built: 1880-1900
Status as of April 2022: Renovated

The main trolley barn and grounds in 2019.

The old trolley barn as of April 2022.

A renovation to turn the trolley barn into East Market has more or less been completed, and the surrounding grounds have also been rebuilt.

Kessler’s Corner Grocery
Address: 553-555 W. Town Street
Built: 1884
Status as of April 2022: Existing, but to be Demolished

Kessler’s in 2019.

The building had been vacant for more than 30 years, with a slew of owners not spending a dime on maintaining the structure- and apparently the city doing nothing about it. Ironically, the current owner has some history with restoring buildings like this, but claim the building is too far gone to save. The reality, however, is that only very rarely can a building not be saved. It largely comes down to the cost-return analysis, meaning that restoring this building would likely cost more than the return the owner wants to get out of it. They will say it’s beyond saving, but really it’s just beyond what they want to spend. And so, another piece of Columbus history is lost.

The Main Bar
Address: 16 W. Main Street
Built: 1880s
Status as of April 2022: Demolished

The Main Bar building in 2016.

This one really irks me. The Main Bar building was a small, historic building that was in great condition. It was demolished in 2021 not because of a proposed development project or because it was unsafe or in poor condition. Nope, it was torn down… for parking. The Downtown Commission allowed the demolition despite the fact that their own development standards forbid demolition without a replacement project planned, and also forbids it solely for surface parking space. Yet it happened, anyway. Why? At this point, who knows. Downtown development standards are rarely enforced by the Downtown Commission. Half the recently-built projects along High Street shouldn’t have been allowed as built, so the fact that they weren’t followed here, either, is no surprise. The owner promised that there would eventually be a development proposal for the site, but they didn’t have one at the time of demolition and still don’t.

Macon Hotel Building
Address: 366 N. 20th Street
Built: 1888
Status as of April 2022: Existing, with a Renovation Plan

The Macon in 2019.

This old building, famous for its jazz history, has been vacant for decades. Various redevelopment and renovations proposals have come and gone. A new one from the summer of 2021, and hopefully one that we see finally come to fruition, wants to renovate the structure back into a hotel with first-floor retail and restaurant space. No movement, however, has occurred on this project.

Kroger Bakery Building
Address: 457 Cleveland Avenue
Built: 1914
Status as of April 2022: Existing, with a Renovation Plan


A proposal from last spring seeks to renovate the structures into a mix of uses with apartments and retail, with more apartment buildings proposed around the historic bakery buildings. This project has been approved, but work has yet to begin.

Threatened Buildings Not on the Columbus Landmarks List

South Dormitory
Address: 240 Parsons Avenue
Built: 1935
Status as of April 2022: Existing, likely to be Saved

The South Dormitory in 2021.

This building was one of the dormitory buildings that were part of the old Institution for the Blind building that is now used by the City of Columbus. The City had been using it for offices, but claimed that it no longer functioned well for their purposes, so they proposed tearing it down for expanded parking space. Ironically, the complex already has a very large parking lot and garage that could be expanded upwards without requiring any demolition. Because the building itself is in good condition and because of the reason for the proposed demolition, there was immediate and heavy criticism of the plan. So much so that funding was pulled. While a new parking proposal hasn’t been released publicly, given the outcry, it seems unlikely that the City will move forward with the demolition itself.

South Side Learning Center
Address: 255 Reeb Avenue
Built: 1927
Status as of April 2022: Existing, but with Demolition Plan

255 Reeb in 2019.

The former South Side Learning Center is being proposed to be demolished as part of Nationwide Realty’s Healthy Homes affordable housing company. The existing building is in good condition, but Healthy Homes says that it can be best renovated only into 1 bedroom units and efficiencies, but they prefer to build 2-3 bedroom units. That’s it… that’s the reasoning. So as with the Main Bar, there is nothing really wrong with the historic building other than that it can’t accommodate the specific desired unit size. If Healthy Homes only owned this specific lot, I could see how that may be an issue. However, they also own the few vacant lots to the west along Reeb and the land back to the rear alley. The overall site is more than large enough to build 3-4 multi-unit new buildings each with 2-3 bedroom units in addition to renovating the existing structure into 1-bedroom units, creating a dense pocket of necessary housing for all potential parties. In fact, such a proposal could potentially more than double the units actually proposed. Yet for some inexplicable reason, Healthy Homes doesn’t want to do that despite the claim that they need more housing.

Jersey Farm Bakery Building
Address: 1826 E. Livingston Avenue
Built: 1949
Status as of April 2022: Existing, but with Demolition Plan

The bakery building in 2021.

While not as old as some of the other buildings on this list, this large art-deco style factory building still has some architectural interest and history attached. Woda Companies initially planned to renovate the building into residences, but now want to tear it down and replace it with a 4-story affordable housing complex with some retail space. Unfortunately, the latest proposal is fairly generic and somewhat garish with the choice of colors. A project that would’ve at least incorporated the Livingston-facing part of the building would’ve gone a long way to make this project more interesting. The overall site is very large at nearly 3.3 acres, so there was plenty of space to do something unique here. This seems like a huge missed opportunity.

Columbus and the greater region are set to change significantly in the coming years, with its trajectory of population growth only meaning greater pressure to build. But as those projects come, more and more old buildings could be lost if forward thinking fails.

To explore other proposals around Columbus, the best place is here.