Columbus Housing Market April 2013



Columbus housing market April 2013 Columbus, Ohio

The Columbus Board of Realtors released home sales data for April and YTD recently. Their area covers an area a bit larger than the Columbus metro, so I tried to stick with just those areas within it. I also tried to avoid capturing essentially the same area (school district vs city boundary). There are a few exceptions where I wanted to highlight specific areas or neighborhoods of Columbus.

LSD=Local school district
CSD=City school district

Top 10 Home Sales % Change since April 2012
1. Bexley city: +137.5%
2. Sunbury city: +125.0%
3. Delaware LSD: +82.4%
4. Lancaster CSD: +74.2%
5. Hilliard city: +66.7%
6. Marysville CSD: +64.3%
7. Pataskala city: +57.1%
8. London CSD: +50.0%
9. Upper Arlington CSD: +48.9%
10. South-Western CSD: +47.8%

Top 10 Home Sales % Change 2013 Year to Date
1. Sunbury city: +78.6%
2. Lithopolis city: +66.7%
3. Bexley city: +50.0%
4. Gahanna city: +46.1%
5. Hilliard city: +45.5%
6. Delaware CSD: +44.3%
7. Westerville city: +40.3%
8. Whitehall city: +37.5%
9. Marysville CSD: +36.7%
10. Lancaster CSD: +36.0%

Bottom 10 Home Sales % Change since April 2012
1. Powell city: -55.6%
2. Minerva Park city: -50.0%
3. Whitehall city: -42.9%
4. German Village: -36.4%
5. Downtown: -29.6%
6. Obetz city: -20.0%
7. New Albany city: -14.3%
8. Worthington city: -12.5%
9. Grandview Heights city: -11.1%
10. Circleville CSD: -11.1%

Bottom 10 Home Sales % Change 2013 Year to Date
1. Obetz city: -61.9%
2. Granville CSD: -31.3%
3. Worthington city: -11.3%
4. New Albany city: -5.8%
5. Grandview Heights city: -3.7%
6. Valleyview city: 0.0%
7. Powell city: +3.7%
8. Canal Winchester CSD: +3.9%
9. Newark CSD: +10.1%
10. Johnstown CSD: +11.5%

So it looks like, so far… in the urban core, Bexley, Upper Arlington and Whitehall are all having a good sales year, while Worthington and Grandview Heights are not. Downtown had a bad April, but is doing well for the year. Same with German Village. Suburbs performing well include Delaware, Hilliard and Sunbury. Those performing badly include New Albany and Powell.

Top 10 Turnover (Average # of Days on the Market before Sold) in April 2013
1. Valleyview city: 0 Days
2. Plain City CSD: 25 Days
3. Sunbury city: 27 Days
4. German Village: 29 Days
4. Obetz city: 29 Days
4. Worthington city: 29 Days
5. Powell city: 43 Days
6. Upper Arlington CSD: 47 Days
7. Beechwold/Clintonville: 49 Days
8. Gahanna city: 52 Days
8. Pataskala city: 52 Days
9. Lithopolis city: 54 Days
10. Grandview Heights city: 56 Days

Bottom 10 Turnover for April 2013
1. Circleville CSD: 164 Days
2. London CSD: 131 Days
3. Newark CSD: 123 Days
4. Minerva Park city: 116 Days
5. Downtown: 105 Days
6. Marysville CSD: 102 Days
7. Lancaster CSD: 98 Days
8. Delaware CSD: 92 Days
9. Blacklick: 88 Days
10. Bexley city: 80 Days

Top 10 Turnover 2013 Year to Date
1. Worthington city: 42 Days
2. Plain City CSD: 46 Days
3. Obetz city: 48 Days
4. Upper Arlington CSD: 60 Days
5. Pickerington city: 65 Days
6. Pataskala city: 67 Days
6. Whitehall city: 67 Days
7. Beechwold/Clintonville: 68 Days
7. Grandview Heights city: 68 Days
7. Minerva Park city: 68 Days
8. Groveport LSD: 69 Days
8. Reynoldsburg LSD: 69 Days
8. South Western CSD: 69 Days
9. German Village: 70 Days
9. Powell city: 70 Days
9. Westerville city: 70 Days
9. Worthington city: 70 Days
10. Columbus city: 72 Days

Bottom 10 Turnover 2013 Year to Date
1. Valleyview city: 151 Days
2. Circleville CSD: 148 Days
3. Newark CSD: 117 Days
4. London CSD: 115 Days
5. Bexley city: 97 Days
6. Lancaster CSD: 96 Days
7. Delaware CSD: 90 Days
7. Hilliard city: 90 Days
7. New Albany city: 90 Days
8. Johnstown LSD: 89 Days
9. Downtown: 87 Days
9. Lithopolis city: 87 Days
9. Marysville CSD: 87 Days
10. West Jefferson LSD: 86 Days

# of Months Total On-Market Housing Supply Would Last if No Other Homes Became Available, April 2013- Top 10
1. Valleyview city: 1.6 Months
2. Worthington city: 1.8 Months
3. Grandview Heights city: 2.0 Months
4. Upper Arlington CSD: 2.3 Months
5. Sunbury city: 2.5 Months
6. Hilliard city: 2.7 Months
7. Beechwold/Clintonville: 2.8 Months
8. Powell city: 2.9 Months
8. Westerville city: 2.9 Months
9. Gahanna city: 3.1 Months
10. Johnstown LSD: 3.2 Months

And Bottom 10
1. Granville CSD: 9.2 Months
2. London CSD: 8.7 Months
3. Circleville CSD: 8.6 Months
4. Newark CSD: 7.4 Months
5. Pataskala city: 5.9 Months
6. Lancaster CSD: 5.8 Months
7. Obetz city: 5.0 Months
8. South Western CSD: 4.8 Months
9. Canal Winchester CSD, Marysville CSD, New Albany city, Reynoldsburg CSD: 4.6 Months
10. Columbus city, Grove City city: 4.5 Months

With the supply numbers, generally anything around 5 months is considered a healthy supply. Well over and the market is saturated, well under it’s undersupplied. For the record, Downtown’s supply is 4.1 months.

Top 10 Average Sales Price % Change Year to Date
1. Valleyview city: +52.3%
2. Circleville CSD: +29.8%
3. Johnstown LSD: +26.7%
4. Minerva Park city: +23.7%
5. Gahanna city: +22.6%
6. Marysville CSD: +22.3%
7. Downtown: +19.9%
8. Lancaster CSD: +17.6%
9. Reynoldsburg CSD: +14.0%
10. Bexley city: +11.3%

Bottom 10
1. Grandview Heights city: -26.1%
2. Pataskala city: -22.3%
3. Obetz city: -15.6%
4. Granville CSD: -10.9%
5. Sunbury city: -10.8%
6. Blacklick: -10.5%
7. German Village: -5.3%
8. New Albany city: -3.5%
9. Westerville city: -3.2%
10. Plain City LSD: -1.9%

If you don’t see a market listed you’re curious about, check out the April 2013 Market Report may have what you’re looking for.



Housing Market Update March 2013




housing market update March 2013

This Columbus housing market update for March 2013 includes an expansion of data, specifically the time it takes for homes to sell on the current market.

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 March 2013
1. New Albany: $471,000
2. Dublin: $330,000
3. Powell: $317,000
4. New Albany Plain LSD: $316,000
5. Upper Arlington CSD: $302,450
6. Olentangy LSD: $291,250
7. Granville CSD: $282,050
8. Downtown: $269,000
9. German Village: $267,250
10. Dublin CSD: $266,500
11. Hilliard: $250,000
12. Big Walnut LSD: $245,000
13. Buckeye Valley LSD: $243,000
14. Johnstown Monroe LSD: $207,250
15. Bexley: $205,000

Top 15 Least Expensive Locations by Median Sales Price in March 2013
1. Whitehall: $45,250
2. Obetz: $56,450
3. Groveport Madison LSD: $63,625
4. Hamilton LSD: $66,750
5. Columbus CSD: $85,000
6. Lancaster CSD: $89,550
7. Newark CSD: $89,900
8. South-Western CSD: $100,000
9. Columbus: $103,250
10. Sunbury: $106,900
11. Reynoldsburg CSD: $115,000
12. Jefferson LSD: $122,000
13. Blacklick: $123,500
14. London CSD: $128,000
15. Grandview Heights: $136,000

Whitehall was the cheapest market yet again, though its median prices have been going up slowly.

Overall Market Median Sales Price in March 2013: $139,028

Top 15 Locations with the Highest Median Sales Price % Growth Between March 2012 and March 2013
1. Minerva Park: +223.8%
2. Jonathan Alder LSD: +99.0%
3. Circleville CSD: +63.3%
4. Buckeye Valley LSD: +59.3%
5. Johnstown Monroe LSD: +53.5%
6. Reynoldsburg CSD: +47.4%
7. Hilliard: +47.1%
8. Downtown: +34.6%
9. Big Walnut LSD: +31.5%
10. Westerville CSD: +28.3%
11. Powell: +28.1%
12. Gahanna: +22.0%
13. Olentangy LSD: +18.4%
14. Marysville CSd: +14.8%
15. Worthington: +13.9%

Downtown continued to do well, but otherwise few places inside 270 did.

Top 15 Locations with the Lowest Median Sales Price % Growth Between March 2012 and March 2013
1. Grandview Heights: -43.7%
2. Sunbury: -42.6%
3. Obetz: -29.3%
4. Whitehall: -24.3%
5. Bexley: -21.1%
6. Lithopolis: -20.1%
7. Hamilton LSD: -15.8%
8. Blacklick: -12.0%
9. Pataskala: -9.2%
10. Delaware CSD: -5.3%
11. Gahanna Jefferson CSD: -5.1%
12. Beechwold/Clintonville: -4.1%
13. South-Western CSD: -2.9%
14. London CSD: -1.9%
15. Columbus CSD: -1.0%

Overall Market Median Sales Price % Change March 2012 vs. March 2013: +9.9%

Top 10 Locations with the Most New Listings in March 2013
1. Columbus: 1,309
2. Columbus CSD: 811
3. South-Western CSD: 221
4. Olentangy LSD: 197
5. Hilliard CSD: 195
6. Westerville CSD: 185
7. Dublin CSD: 140
8. Pickerington LSD: 100
9. Worthington CSD: 97
10. Dublin: 93

Top 10 Locations with the Fewest New Listings in March 2013
1. Valleyview: 1
2. Lithopolis: 2
3. Minerva Park: 4
4. Jefferson LSD: 6
5. Johnstown Monroe LSD: 8
6. Jonathan Alder LSD: 9
7. Obetz: 10
8. Hamilton LSD: 13
9. Grandview Heights: 14
10. Sunbury: 17
11. Circleville CSD: 17

Total New Listings in the Columbus Metro in March 2013: 3,222
Overall Metro New Listings % Change March 2012-March 2013: +0.2%

Prices were up almost 10% year over year for the month despite a small increase in overall supply.

Top 10 Fastest-Selling Locations by # of Days Homes Remain on the Market Before Sale in March 2013
1. Minerva Park: 3
2. Worthington: 29
3. Granville CSD: 35
4. Jonathan Alder LSD: 36
5. Upper Arlington CSD: 51
6. Downtown: 54
7. Pickerington: 54
8. Pickerington LSD: 60
9. Dublin CSD: 61
10. Grandview Heights: 63
11. Groveport Madison LSD: 63
12. Reynoldsburg CSD: 63
13. South-Western CSD: 63
14. Grove City: 65
15. Powell: 65

Top 10 Slowest-Selling Locations by # of Days Homes Remain on the Market Before Sale in March 2013
1. Bexley: 188
2. Circleville CSD: 168
3. Sunbury: 163
4. Lancaster CSD: 140
5. Big Walnut LSD: 129
6. Hilliard: 125
7. Lithopolis: 121
8. Newark CSD: 120
9. Obetz: 119
10. Gahanna: 117

The Columbus Realtors provides market condition reports going back many years.