Tag Archives: Columbus Ohio real estate

Housing Market Update January 2017

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housing market update January 2017 Columbus, Ohio

The recent housing market update January 2017 edition information comes from Columbus Realtors.

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 January 2017
1. New Albany: $535,000
2. New Albany Plain LSD: $397,450
3. German Village: $376,000
4. Powell: $354,950
5. Dublin: $343,600
6. Granville CSD: $330,000
7. Bexley: $325,000
8. Upper Arlington CSD: $319,500
9. Olentangy LSD: $315,000
10. Big Walnut LSD: $306,250
11. Dublin CSD: $271,500
12. Worthington: $270,000
13. Buckeye Valley LSD: $259,000
14. Sunbury: $253,000
15. Downtown: $243,750

Top 15 Least Expensive Locations by Median Sales Price in January 2017
1. Obetz: $80,100
2. Hamilton LSD: $80,100
3. Whitehall: $85,950
4. Newark CSD: $86,900
5. Lancaster CSD: $103,000
6. Jefferson LSD: $123,000
7. London CSD: $124,000
8. Groveport Madison LSD: $125,900
9. Reynoldsburg CSD: $125,950
10. Columbus CSD: $129,900
11. South-Western CSD: $131,000
12. Columbus: $140,026
13. Jonathan Alder LSD: $150,000
14. Minerva Park: $159,500
15. Grove City: $160,950

Overall Market Median Sales Price in January 2017: $160,368
Median Sales Price Change January 2016-January 2016: +$3,172

Top 15 Locations with the Highest Median Sales Price % Growth Between January 2016 and January 2017
1. Whitehall: +69.5%
2. Circleville CSD: +64.9%
3. Sunbury: +63.0%
4. Jefferson LSD: +53.5%
5. Big Walnut LSD: +44.1%
6. Canal Winchester CSD: +40.9%
7. Westerville: +29.8%
8. Westerville CSD: +27.3%
9. Powell: +25.4%
10. Pataskala: +24.0%
11. Olentangy LSD: +23.5%
12. Gahanna Jefferson CSD: +21.8%
13. Grandview Heights: +21.2%
14. Granville CSD: +20.0%
15. Pickerington: +17.7%

Top 15 Locations with the Lowest Median Sales Price % Growth Between January 2016 and January 2017
1. London CSD: -53.5%
2. Obetz: -38.3%
3. Hamilton LSD: -27.1%
4. Jonathan Alder LSD: -25.2%
5. Buckeye Valley LSD: -23.0%
6. Reynoldsburg CSD: -18.7%
7. Hilliard: -17.7%
8. Lancaster CSD: -17.6%
9. Grove City: -15.3%
10. Dublin CSD: -12.8%
11. Johnstown-Monroe LSD: -10.8%
12. Upper Arlington CSD: -8.5%
13. Newark CSD: -8.1%
14. Dublin: -7.1%
15. South-Western CSD: -6.4%

Overall Market Median Sales Price % Change January 2016-January 2017: +2.0%

Top 10 Locations with the Most New Listings in January 2017
1. Columbus: 829
2. Columbus CSD: 544
3. South-Western CSD: 136
4. Olentangy LSD: 122
5. Westerville CSD: 100
6. Hilliard CSD: 94
7. Dublin CSD: 89
8. Worthington CSD: 66
9. Dublin: 64
10. Pickerington LSD: 60

Top 10 Locations with the Fewest New Listings in January 2017
1. Valleyview: 0
2. Lithopolis: 1
3. Minerva Park: 2
4. Sunbury: 2
5. Obetz: 3
6. Johnstown Monroe LSD: 5
7. Jefferson LSD: 8
8. Jonathan Alder LSD: 8
9. German Village: 8
10. Hamilton LSD: 8
11. Northridge LSD: 9

Total New Listings in the Columbus Metro in January 2017: 2,002
Overall Metro New Listings % Change January 2016-January 2017: -1.9%

Top 10 Fastest-Selling Locations by # of Days Homes Remain on the Market Before Sale in January 2017
1. Obetz: 18
2. Sunbury: 21
3. Pataskala: 22
4. Jefferson LSD: 26
5. Gahanna: 28
6. Minerva Park: 28
7. Delaware CSD: 29
8. Bexley: 31
9. Hilliard CSD: 31
10. Pickerington: 31
11. Worthington CSD: 31

Top 10 Slowest-Selling Locations by # of Days Homes Remain on the Market Before Sale in January 2017
1. Dublin: 96
2. New Albany: 93
3. Dublin CSD: 82
4. Powell: 80
5. Granville CSD: 79
6. Olentangy LSD: 78
7. Downtown: 77
8. Grandview Heights: 76
9. New Albany Plain LSD: 68
10. Canal Winchester CSD: 67
11. New Albany CSD: 65
12. Upper Arlington CSD: 62
13. Circleville CSD: 61
14. Johnstown Monroe LSD: 61
15. Hamilton LSD: 60

# of Days For-Sale Homes Remain on the Market Before Sale Across the Metro Overall: 51.6
Change in # of Days Before Sale January 2016-January 2017: -22.0



Top 10 Locations with the Greatest % Decline of # of Days on the Market Before Sale January 2016-January2017
1. Obetz: -89.2%
2. Pataskala: -64.5%
3. Whitehall: -64.3%
4. Circleville CSD: -56.1%
5. Gahanna: -53.3%
6. Grove City: -49.2%
7. Delaware CSD: -44.2%
8. Bexley: -40.4%
9. Pickerington LSD: -39.7%
10. Worthington CSD: -38.0%

Top 10 Locations with the Lowest % Decline of # of Days on the Market Before Sale January 2016-January 2017
1. German Village: +161.1%
2. Worthington: +123.8%
3. Powell: +77.8%
4. Grandview Heights: +46.2%
5. Big Walnut LSD: +41.5%
6. Minerva Park: +40.0%
7. Jonathan Alder LSD: +37.8%
8. Canal Winchester CSD: +31.4%
9. Marysville CSD: +28.3%
10. Johnstown Monroe LSD: +27.1%

% Change for the # of Days Homes Remain on the Market Before Sale Across the Metro Overall: -29.9%



Top Housing Markets of 2015

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The 2015 housing market was one of the strongest since before the recession, and 2016 looks to do even better. An ongoing problem, especially within the more urban markets, is a historically low inventory of available homes for sale. This has been a problem for several years now, as construction has failed to match demand.
Top housing markets of 2015 house sales

That lack of inventory really shows up in the yearly % change chart. Few urban markets have increased year over year, as they have a much more limited supply of housing, even as demand for urban housing has increased.

Let’s see how this impacted prices.

While urban markets were not necessarily the most expensive compared to suburban, more of them were generally towards the top half of price increases last year.