Tag Archives: Columbus Ohio real estate market

Housing Market Update May 2021

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Columbus housing market April 2013 Columbus, Ohio

housing market update May 2021 Columbus, Ohio

The local housing market update May 2021 is finally out, and the trends continue to show a strong sellers market. Prices continued to accelerate upward and supply continued to lag way behind, pushing home sales to occur even faster than they have been in recent months.

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 2021
1. New Albany: $810,000
2. German Village: $630,000
3. New Albany Plain LSD: $570,000
4. Dublin: $528,750
5. Bexley: $497,500
6. Upper Arlington CSD: $495,000
7. Worthington: $461,420
8. Powell: $460,000
9. Dublin CSD: $450,000
10. Olentangy LSD: $445,000
11. Buckeye Valley LSD: $406,790
12. Granville CSD: $402,500
13. Short North: $400,450
14. Grandview Heights: $394,000
15. Jonathan Alder LSD: $390,000

New Albany proper posted an astronomical median price in May, reaching unprecedented numbers for a Columbus suburb.

Top 15 Least Expensive Locations by Median Sales Price in May 2021
1. Whitehall: $138,000
2. Valleyview: $157,500
3. Groveport Madison LSD: $175,825
4. Lancaster CSD: $176,000
5. Circleville CSD: $182,000
6. Newark CSD: $184,250
7. Jefferson LSD: $207,500
8. Columbus CSD: $220,000
9. London CSD: $225,000
10. Hamilton LSD: $237,000
11. Columbus: $240,000
12. Reynoldsburg CSD: $245,500
13. South-Western CSD: $249,900
14. Canal Winchester CSD: $260,000
15. Teays Valley LSD: $268,894

In general, the further out the place from Columbus, the cheaper the location, but there are some exceptions. Whitehall and Columbus proper remain relatively affordable compared to most locations in the metro.

Overall Market Median Sales Price in May 2021: $227,088
The overall market is defined by Columbus Metro Area counties.

Top 15 Locations with the Highest Median Sales Price % Growth Between May 2020 and May 2021
1. German Village: +59.5%
2. Worthington: +54.6%
3. Obetz: +52.2%
4. New Albany Plain LSD: +40.7%
5. Hamilton LSD: +39.4%
6. Dublin CSD: +32.0%
7. Delaware CSD: +32.0%
8. Dublin: +31.4%
9. Pickerington: +30.3%
10. New Albany: +29.7%
11. Newark CSD: +29.4%
12. Worthington CSD: +29.1%
13. Westerville CSd: +28.6%
14. Pataskala: +27.0%
15. Jonathan Alder LSD: +25.8%

Top 15 Locations with the Lowest Median Sales Price % Growth Between May 2020 and May 2021
1. Lancaster CSD: -7.3%
2. Jefferson LSD: -5.5%
3. Downtown Columbus: -4.2%
4. Hilliard: -0.5%
5. Teays Valley LSD: +3.5%
6. Powell: +5.1%
7. Big Walnut LSD: +6.2%
8. Grandview Heights: +6.8%
9. Granville CSD: +7.6%
10. Short North: +7.6%
11. Canal Winchester CSD: +8.3%
12. Minerva Park: +8.4%
13. London CSD: +10.3%
14. Circleville CSD: +11.3%
15. Buckeye Valley LSD: +11.4%

There were fewer locations down year-over-year in May than in previous months, though urban areas generally saw lower increases.

Overall Market Median Sales Price % Change May 2021 vs. May 2020: +18.6%

Top 10 Locations with the Most New Listings in May 2021
1. Columbus: 1,467
2. Columbus CSD: 972
3. South-Western CSD: 217
4. Hilliard CSD: 171
5. Westerville CSD: 168
6. Olentangy LSD: 166
7. Dublin CSD: 166
8. Worthington CSD: 118
9. Pickerington LSD: 115
10. Upper Arlington CSD: 101

Top 10 Locations with the Fewest New Listings in May 2021
1. Valleyview: 2
2. Lithopolis: 5
3. Minerva Park: 5
4. Jefferson LSD: 6
5. Obetz: 8
6. Sunbury: 8
7. Grandview Heights: 10
8. Johnstown-Monroe LSD: 11
9. Whitehall: 12
10. Circleville CSD: 14

Urban areas and major suburbs saw increases in supply versus previous months, but because sales were also stronger, it didn’t help with actual supply or prices.

Total New Listings in the Columbus Metro in May 2021: +3,468
Overall Metro New Listings % Change May 2021 vs May 2020: +14.3%



Top 10 Fastest-Selling Locations by # of Days Homes Remain on the Market Before Sale in May 2021
1. Jonathan Alder LSD: 3
2. Valleyview: 3
3. Canal Winchester CSD: 4
4. Groveport Madison LSD: 4
5. Lithopolis: 4
6. German Village: 5
7. Worthington: 5
8. Worthington CSD: 5
9. Beechwold/Clintonville: 6
10. Blacklick: 6
11. Gahanna: 6
12. Marysville CSD: 6
13. Pickerington LSD: 6
14. Powell: 6
15. Westerville CSD: 6
16. Whitehall: 6

Top 10 Slowest-Selling Locations by # of Days Homes Remain on the Market Before Sale in May 2021
1. Short North: 51
2. Downtown Columbus: 39
3. Johnstown-Monroe LSD: 28
4. Bexley: 25
5. Lancaster CSD: 25
6. Jefferson LSD: 23
7. Obetz: 22
8. Buckeye Valley LSD: 21
9. Dublin: 19
10. Olentangy LSD: 18

Top 10 Locations with the Greatest % Decline of # of Days on the Market Before Sale May 2021 vs May 2020
1. Powell: -91.2%
2. Jonathan Alder LSD: -90.6%
3. Minerva Park: -85.7%
4. Circleville CSD: -84.2%
5. Whitehall: -82.9%
6. London CSD: -80.0%
7. Sunbury: -78.9%
8. Newark CSD: -78.0%
9. Upper Arlington CSD: -76.5%
10. Granville CSD: -75.8%

Top 10 Locations with the Lowest % Decline of # of Days on the Market Before Sale May 2021 vs May 2020
1. Short North: +264.3%
2. Valleyview: +50.0%
3. Bexley: +13.6%
4. Downtown Columbus: +11.4%
5. Lancaster CSD: -3.8%
6. Teays Valley LSD: -11.1%
7. Dublin: -26.9%
8. Reynoldsburg CSD: -29.4%
9. Westerville: -33.3%
10. Pataskala: -38.5%

% Change for the # of Days Homes Remain on the Market Before Sale Across the Metro Overall: 14

The market’s sales pace only increased further in May, with the entire metro’s supply of homes selling in an average of just 2 weeks. Many locations were selling at far faster rates, however.

A handy link is the Columbus Realtors website, which most of this data is derived from.



Is North Linden the Best Neighborhood for a Starter Home?

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Is North Linden the best neighborhood for a starter home in Columbus? For many local residents, when they hear “Linden”, they may only think of negatives such as crime and neighborhood condition. Like many other parts of urban Columbus, the area is changing as development forces and population growth have begun pushing in from all sides, however.

With the Columbus market on fire, supply low and prices skyrocketing due to heavy demand, Linden homes are being looked at with a new perspective. Linden homes are some of the most affordable anywhere in Columbus, and while the neighborhood can be hit or miss to say the least, North Linden has begun to emerge as a destination for first-time home buyers.

Although the southern part of Linden was constructed before WWII, the vast majority of the remaining area was built in the 1950s and 1960s as former soldiers looked to start new lives.
Because of the era in which many of the homes were built, most are single-story ranches or Cape Cod style cottages. The square footage of many of these homes tends to be around 1000 square feet or less. Until recently, the small relative size, among other issues, kept buyers away. The aforementioned tight real-estate market has given these homes potential new life.

North Linden is generally the part of the neighborhood that is to the between I-71 and Cleveland Avenue west to east and between Hudson Avenue and Cooke Road south to north. Let’s take a look at some of the homes currently on the market in this area to get a feel for what is available there.

1541 Genessee Avenue: $25,000
Square Footage: 1,056
This pre-WWII home is an example of many in the area that need some level of renovations- in this home’s case- major renovations. For those willing to take on a challenge, these types of inexpensive purchases could be a consideration.
Best neighborhood for a starter home 1541 Gennessee Avenue

1130 Pauline Avenue: $185,000
Square Footage: 1,412
Built in 1955, this home is much more typical of the housing stock that exists within the neighborhood, but on the larger side. Unlike the home above, this one has been fully renovated and shows the potential of what they can become. This type of home represents the top of the market in terms of price in the neighborhood, showing just how affordable the area really is.
https://www.realtor.com/realestateandhomes-detail/1130-Pauline-Ave_Columbus_OH_43224_M37110-45745


2587 Azelda Street: $119,900
Square Footage: 1,045
This 1956 home is typical of many in the area. It doesn’t necessarily have a brand new renovation, but has been kept updated and maintained over the years, so it is in great condition for an individual or small family.
https://www.realtor.com/realestateandhomes-detail/2587-Azelda-St_Columbus_OH_43211_M49757-14142


Beyond the less expensive prices and variety of quality fixer-uppers and renovated starter homes, North Linden is also well-situated near popular areas such as Easton, Clintonville, OSU Campus and the Morse corridor, which is rich in locally-owned restaurants and markets that specialize in foods and products from Asia, Africa and the Middle East.
While there are many positives, some negatives might be higher crime in some spots- particularly closer to Cleveland Avenue- lack of walkability to amenities, and lower ranked schools within the Columbus district. As with any neighborhood, prospective residents must weigh the pros and cons according to their own lifestyles and needs. If one is a current Columbus resident looking to downsize, or a new family to Columbus looking to purchase their first home in an extremely difficult market to break into, North Linden does offer some opportunities that other neighborhoods do not.

The North Linden Area Commission and the
Linden Neighborhood links provide additional news and information on this up and coming area of Columbus.