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.
Closed sales are those sales that were completed during the year. 7 of the 10 metro counties saw declines vs. 2021.
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%
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.
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.
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%
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!
The local housing market update June 2021 has been released. 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 June 2021 1. New Albany: $720,000 2. Bexley: $625,000 3. Powell: $532,500 4. Dublin: $509,000 4. New Albany Plain LSD: $500,000 5. Grandview Heights: $492,500 6. Olentangy LSD: $479,900 7. Upper Arlington CSD: $478,000 8. Big Walnut LSD: $472,500 9. German Village: $465,000 10. Dublin CSD: $445,389 11. Downtown: $445,000 12. Worthington: $440,000 13. Short North: $407,500 14. Jonathan Alder LSD: $407,000 15. Buckeye Valley LSD: $405,000
Top 15 Least Expensive Locations by Median Sales Price in June 2021 1. Newark CSD: $155,000 2. Whitehall: $155,900 3. Circleville CSD: $158,500 4. Lancaster CSD: $176,000 5. Valleyview: $177,925 6. Hamilton LSD: $182,950 7. Groveport Madison LSD: $200,000 8. Columbus CSD: $216,688 9. Obetz: $233,500 10. Jefferson LSD: $237,450 11. Columbus: $240,000 12. Reynoldsburg CSD: $240,250 13. South Western CSD: $250,000 14. Delaware CSD: $252,000 15. London CSD: $261,500
Overall Market Median Sales Price in May 2021: $291,391 Based on the 10 Columbus Metro Area counties.
Top 15 Locations with the Highest Median Sales Price % Growth Between June 2020 and June 2021 1. Jefferson LSD: +62.6% 2. Downtown: +47.6% 3. Bexley: +43.0% 4. London CSD: +39.9% 5. Worthington: +34.1% 6. Big Walnut LSD: +33.5% 7. Gahanna: +31.5% 8. Obetz: +31.2% 9. Sunbury: +29.5% 10. South Western CSD: +28.9% 11. Worthington CSD: +28.7% 12. Canal Winchester CSD: +26.9% 13. Whitehall: +26.7% 14. Pataskala: +26.0% 15. Powell: +25.6%
Top 15 Locations with the Lowest Median Sales Price % Growth Between June 2020 and June 2021 1. New Albany Plain LSD: -7.0% 2. Circleville CSD: -3.2% 3. Delaware CSD: +0.8% 4. Granville CSD: +1.0% 5. Hilliard: +4.3% 6. Short North: +5.0% 7. Hamilton LSD: +6.7% 8. Northridge LSD: +8.3% 9. Newark CSD: +10.1% 10. Buckeye Valley LSD: +10.2% 11. Lancaster CSD: +11.4% 12. Dublin CSD: +11.5% 13. Jonathan Alder LSD: +11.5% 14. Upper Arlington CSD: +12.3% 15. Lithopolis: +12.6%
There were just 2 locations that saw year-over-year median price declines.
Overall Market Median Sales Price % Change June 2021 vs. June 2020:+19.6% Based on 52 metro market locations.
Top 10 Locations with the Most New Listings in June 2021 1. Columbus: 1,450 2. Columbus CSD: 990 3. South Western CSD: 269 4. Olentangy LSD: 236 5. Dublin CSD: 197 6. Hilliard CSD: 179 7. Westerville CSD: 179 8. Worthington CSD: 136 9. Pickerington LSD: 129 10. Grove City: 114
Top 10 Locations with the Fewest New Listings in June 2021 1. Valleyview: 3 2. Minerva Park: 7 3. Lithopolis: 8 4. Grandview Heights: 10 5. Jefferson LSD: 13 6. Sunbury: 13 7. Obetz: 15 8. Whitehall: 15 9. Northridge LSD: 17 10. German Village: 20 11. Jonathan Alder LSD: 20
Total New Listings in the Columbus Metro in June 2021:+3,852 Overall Metro New Listings % Change June 2021 vs June 2020:+18.0%
Top 10 Fastest-Selling Locations by # of Days Homes Remain on the Market Before Sale in June 2021 1. Minerva Park: 3 2. Hilliard: 4 3. Pickerington: 4 4. Canal Winchester CSD: 5 5. Gahanna: 5 6. Hilliard CSD: 5 7. Jefferson LSD: 5 8. Johnstown Monroe LSD: 5 9. Lithopolis: 5 10. Reynoldsburg CSD: 5 11. Westerville: 5
Top 10 Slowest-Selling Locations by # of Days Homes Remain on the Market Before Sale in June 2021 1. Bexley: 42 2. Downtown: 34 3. German Village: 27 4. Buckeye Valley LSD: 24 5. Grandview Heights: 24 6. Granville CSD: 16 7. New Albany: 16 8. Dublin: 15 9. Dublin CSD: 14 10. Grove City: 14 11. Lancaster CSD: 14 12. Obetz: 14
Top 10 Locations with the Greatest % Decline of # of Days on the Market Before Sale June 2021 vs June 2020 1. Lithopolis: -92.4% 2. Minerva Park: -90.0% 3. Granville CSD: -88.7% 4. Circleville CSD: -88.2% 5. London CSD: -88.1% 6. Northridge LSD: -86.5% 7. Jonathan Alder LSD: -83.3% 8. Pickerington: -81.8% 9. Sunbury: -81.3% 10. Big Walnut LSD: -80.0% 11. Hilliard: -80.0%
Top 10 Locations with the Lowest % Decline of # of Days on the Market Before Sale June 2021 vs June 2020 1. Grandview Heights: +84.6% 2. Bexley: +40.0% 3. Obetz: +27.3% 4. Grove City: +0.0% 5. Pataskala: -9.1% 6. Worthington: -10.0% 7. Whitehall: -27.3% 8. Groveport Madison LSD: -30.0% 9. German Village: -35.7% 10. South Western CSD: -35.7%
% Change for the # of Days Homes Remain on the Market Before Sale Across the Metro Overall: 14.1
