2022 Final Housing Market Update




2022 final housing market update Columbus, Ohio

The 2022 final housing market update looks at the overall market performance for the year versus 2021.

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

2022 final housing market update county closed sales
2022 final housing market update county closed sales change
Closed sales are those sales that were completed during the year. 7 of the 10 metro counties saw declines vs. 2021.
2020 final housing market update best markets for closed sales
2022 final housing market update worst markets for closed sales

2022 final housing market update county median price
2022 final housing market update county median price change
2022 final housing market update county median price % change

Overall Market Median Sales Price in 2022: $298,748
Based on the 10 Columbus Metro Area counties, the median price increased by $34,139 over 2021.
Overall Market Median Sales Price % Change in 2022 versus 2021: +12.9%

2022 final housing market update least expensive markets
2022 final housing market update most expensive markets

2022 final housing market update best market median price change
2022 final housing market update worst markets for price change
Best in the case of market median price % change is subjective. For buyers, it would be prices that have increased the least or even declined, while for sellers it would be the largest increases.

2022 final housing market update county new listings
2022 final housing market update county new listings change
Total Metro New Listings in 2022: 31,652
Total Metro New Listings Change from 2021 to 2022: -3,508
Thousands of fewer homes going to market helped keep prices rising across the metro despite a significant slowdown in overall sales.

2022 final housing market update most new listings
2022 final housing market update fewest new listings

2022 final housing market update county days before sale
2022 final housing market update county days before sale change
Average # of Days Homes Remain on the Market Before Sale for the Metro Overall in 2022: 20.0
# of Days Homes Remain on the Market Before Sale % Change for the Metro 2021 vs. 2022: +9.3%

2022 final housing market update fastest selling markets
2022 final housing market update slowest selling markets

2022 final housing market update fastest selling market change
2022 final housing market update slowest selling market change

2022 final housing market update highest price received
2022 final housing market update lowest list price received
This new data shows whether a market was receiving more or less than the original list price for the homes for sale. Those above 100% were markets that typically had buyer competition to the point where they had to pay more than list. Those below 100% were the opposite, where relatively lower demand allowed some buyers to get a home for under list.

And there you have it, the final housing market update for 2022!



Housing Market Update November 2022



Housing market update November 2022

The Housing Market Update November 2022 data from Columbus Realtors showed home sales were down nearly 30% from a year ago, and new listings decreased nearly as much. However, prices remained on their trajectory upwards across the metro area.

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

Housing market update November 2022 county sales
Housing market update November 2022 county sales change
Closed sales are those sales that were completed during the month. 9 of the 10 metro counties saw declines, with 8 of them being fairly significant.
Housing market update November 2022 best markets for sales
Housing market update November 2022 worst markets for sales
Few markets were up year-over-year. The worst-performing were mostly among the metro’s most expensive areas, but there were a few standouts otherwise.

Housing market update November 2022 county median price
Housing market update November 2022 county median price change
Housing market update November 2022 county median price % change
No real surprises except that the greatest increases were in the far southeast metro counties, but that could be because of working with a small supply.
Overall Market Median Sales Price in November 2022: $302,867
Based on the 10 Columbus Metro Area counties, the metro price saw a more than $29,000 increase over November, 2021.
Overall Market Median Sales Price % Change in November, 2022 versus November, 2021: +10.1%
Despite the relative collapse in home sales, prices continued to rise by more than 10% year-over-year.

Housing market update November 2022 cheapest markets

Housing market update November 2022 most expensive markets
Housing market update November 2022 lowest market price % change
Housing market update November 2022 highest market price % change

Housing market update November 2022 new listings by county

Housing market update November 2022 county new listings change
Most counties saw new listing totals drop year-over-year. This may have helped keep prices going up as demand hasn’t evaporated.
Total Metro New Listings in November, 2022: 1,723
Total Metro New Listings Change from November, 2021 to November, 2022: -489

Housing market update November 2022 markets with the most new listings
Housing market update November 2022 markets with the fewest new listings



Housing market update November 2022 county days on market

Average # of Days Homes Remain on the Market Before Sale for the Metro Overall in November, 2022: 23.1
# of Days Homes Remain on the Market Before Sale for the Metro November, 2021 vs. November, 2022: +10.5

Homes sold more slowly around the Columbus metro, but only by a few days. The rate of sale is still historically fast.

Housing market update November 2022 fastest-selling markets
Housing market update 2022 slowest-selling markets

Housing market update November 2022 markets selling in the fewest days
Housing market update November 2022 markets selling the in most days