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.
Closed sales are those sales that were completed during the month. 7 of the 10 metro counties saw declines in January Only 9 of more than 40 local markets were up year-over-year. 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. 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. 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 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.
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
