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Housing Market Update August 2022

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Housing market update August 2022 Columbus, Ohio

For the Housing Market Update August 2022, data from Columbus Realtors shows that the overall market saw a decrease in home sales and units on the market versus a year ago, a situation that contributed to the continuation of rising prices. So far, it doesn’t appear there has been any sustained impact yet from increasing interest rates.
More data was added to this update than usual, including some county-level information.

Note: LSD= Local School District, CSD= City School District. In both cases, school district boundaries differ from city boundaries.

Median Sales Price By Columbus Metro County in August 2022 and Total Change vs. August 2021
1. Delaware: $448,000 +$34,000
2. Union: $420,000 +$83,500
3. Fairfield: $308,950 +$13,950
4. Hocking: $306,000 +$135,550
5. Pickaway: $295,000 +$42,000
6. Franklin: $285,700 +$15,700
7. Licking: $285,500 +$10,600
8. Madison: $272,000 +$9,500
9. Morrow: $230,000 +$50,000
10. Perry: $216,000 -$4,000

Median Sales Price % Change August 2022 vs. August 2021
1. Hocking: +79.5%
2. Morrow: +27.8%
3. Union: +24.8%
4. Pickaway: +16.6%
5. Delaware: +8.2%
6. Franklin: +5.8%
7. Fairfield: +4.7%
8. Licking: +3.9%
9. Madison: +3.6%
10. Perry: -1.8%
Licking County saw relatively low growth in its home prices the past year, but that is almost certainly to change in the near future. Franklin County median home prices are still in the bottom half for total and growth.

Overall Market Median Sales Price in August: $306,715
Based on the 10 Columbus Metro Area counties. This price was a bit lower than in July, but almost $40,000 higher than August, 2021.

Top 15 Most Expensive Locations By Median Sales Price in August 2022
1. New Albany: $750,000
2. Grandview Heights: $685,000
3. New Albany Plain LSD: $575,500
4. Bexley: $575,000
5. Powell: $563,000
6. German Village: $554,500
7. Dublin: $552,500
8. Upper Arlington CSD: $540,000
9. Olentangy LSD: $500,000
10. Dublin CSD: $485,000
11. Short North: $465,000
12. Jonathan Alder LSD: $443,900
13. Granville CSD: $426,500
14. Northridge LSD: 417,340
15. Big Walnut LSD: $414,000
Median prices were generally lower in August than July, but still up versus August 2021.

Top 15 Least Expensive Metro Locations by Median Sales Price in August 2022
1. Circleville CSD: $150,000
2. Whitehall: $171,600
3. Valleyview: $184,900
4. Hamilton LSD: $187,500
5. Miami Trace LSD: $203,000
6. Lancaster CSD: $210,000
7. Jefferson LSD: $219,750
8. Newark CSD: $220,000
9. Columbus CSD: $234,900
10. Groveport Madison LSD: $250,000
11. Columbus: $256,000
12. South Western CSD: $273,700
13. Reynoldsburg CSD: $276,450
14. London CSD: $276,750
15. Minerva Park: $284,950

Top 15 Metro Locations with the Highest Median Sales Price % Growth Between August 2021 and August 2022
1. Bexley: +70.4%
2. Newark CSD: +29.4%
3. Obetz: +28.8%
4. London CSD: +25.8%
5. Grove City: +20.7%
6. Valleyview: +19.3%
7. Teays Valley LSD: +19.2%
8. Grandview Heights: +19.1%
9. Marysville CSD: +18.4%
10. Hilliard: +17.9%
11. Beechwold/Clintonville: +17.0%
12. Gahanna: +17.0%
13. Powell: +16.7%
14. New Albany: +16.3%
15. New Albany Plain LSD: +15.8%
16. Blacklick: +15.7%

Top 15 Locations with the Lowest Median Sales Price % Growth Between August 2021 and August 2022
1. Circleville CSD: -20.6%
2. Minerva Park: -9.3%
3. Granville CSD: -6.3%
4. Hamilton LSD: -3.8%
5. Jefferson LSD: -3.2%
6. Lancaster CSD: -2.8%
7. Big Walnut LSD: -0.4%
8. Buckeye Valley LSD: +0.9%
9. Downtown: +1.0%
10. Sunbury: +1.1%
11. Westerville: +2.2%
12. Johnstown-Monroe LSD: +3.2%
13. Columbus: +3.6%
14. Canal Winchester CSD: +4.3%
15. Westerville CSD: +4.5%

Overall Market Median Sales Price % Change August 2022 vs. August 2021: +14.6%

New Listings by Metro County in August 2022 and Change From August 2021
1. Franklin: 1,837 -361
2. Delaware: 314 -46
3. Licking: 255 -56
4. Fairfield: 230 -61
5. Pickaway: 91 +2
6. Union: 90 -19
7. Madison: 44 -4
8. Morrow: 40 -23
9. Hocking: 35 -9
10. Perry: 35 +7

Total Metro New Listings in August 2022: 2,971
Total Metro New Listings Change from August 2021 to August 2022: -570

% Change of New Listings by Metro County August 2021-August 2022
1. Morrow: -36.5%
2. Fairfield: -21.0%
3. Hocking: -20.5%
4. Licking: -18.0%
5. Union: -17.4%
6. Franklin: -16.4%
7. Delaware: -12.8%
8. Madison: -8.3%
9. Pickaway: +2.2%
10. Perry: +25.0%

% Change of Metro New Listings August 2021 to August 2022: -16.1%
New listings continued year-over-year declines. Until the supply really starts to grow- or demand falls- prices will continue to rise.

Top 10 Locations with the Most New Listings in August 2022
1. Columbus: 1,224
2. Columbus CSD: 856
3. South Western CSD: 192
4. Olentangy LSD: 155
5. Hilliard CSD: 135
6. Westerville CSD: 122
7. Dublin CSD: 111
8. Pickerington LSD: 87
9. Upper Arlington CSD: 81
10. Grove City: 71

Top 10 Locations with the Fewest New Listings in August 2022
1. Valleyview: 1
2. Minerva Park: 3
3. Lithopolis: 6
4. Obetz: 6
5. Jefferson LSD: 8
6. Granville CSD: 9
7. Sunbury: 11
8. New Albany: 12
9. Grandview Heights: 13
10. Northridge LSD: 14
11. Miami Trace LSD: 14
12. German Village: 16
13. Bexley: 16



Metro Counties by # of Days Homes Remain on the Market Before Sale in August 2022
1. Fairfield: 12
2. Franklin: 13
3. Licking: 13
4. Union: 14
5. Delaware: 16
6. Perry: 16
7. Madison: 18
8. Hocking: 22
9. Pickaway: 26
10. Morrow: 36

Average # of Days Homes Remain on the Market Before Sale for the Metro Overall in August 2022: 18.6
# of Days Homes Remain on the Market Before Sale for the Metro August 2021 vs. August 2022: +7.0
In one of the few signs of a potential slowdown, homes took a week more on average to sell than they did during the same period last year.

Top 10 Fastest-Selling Locations by # of Days Homes Remain on the Market Before Sale in August 2022
1. Valleyview: 4
2. Blacklick: 6
3. Lithopolis: 6
4. Gahanna: 7
5. Gahanna Jefferson CSD: 8
6. Pickerington: 8
7. Pickerington LSD: 8
8. Granville CSD: 9
9. Newark CSD: 9
10. Powell: 9
11. Reynoldsburg CSD: 9
12. Buckeye Valley LSD: 10
13. Dublin: 10
14. Hilliard: 10
15. Hilliard CSD: 10
16. Marysville CSD: 10
17. Westerville CSD: 10
18. Canal Winchester CSD: 11
19. German Village: 11
20. Johnstown-Monroe LSD: 11
21. Northridge LSD: 11
22. Sunbury: 11
23. Westerville: 11
24. Worthington CSD: 11
25. Circleville CSD: 12
26. Delaware CSD: 12
27. Grandview Heights: 12
28. Groveport Madison LSD: 12
29. Worthington: 12
30. Columbus: 13
31. Dublin CSD: 13
32. South Western CSD: 13
33. Hamilton LSD: 14
34. Lancaster CSD: 14
35. Whitehall: 14

Top 10 Slowest-Selling Locations by # of Days Homes Remain on the Market Before Sale in August 2022
1. Downtown: 47
2. Obetz: 33
3. Teays Valley LSD: 32
4. Miami Trace LSD: 28
5. Short North: 26
6. Minerva Park: 22
7. Pataskala: 22
8. Big Walnut LSD: 20
9. New Albany: 20
10. New Albany Plain LSD: 19
11. Upper Arlington CSD: 18
12. Olentangy LSD: 17

Top 10 Locations with the Greatest % Decline of # of Days on the Market Before Sale August 2022 vs. August 2021
1. Valleyview: -69.2%
2. Powell: -52.6%
3. Sunbury: -50.0%
4. Grandview Heights: -45.5%
5. German Village: -35.3%
6. Downtown: -29.9%
7. Gahanna Jefferson CSD: -27.3%
8. New Albany: -25.9%
9. Bexley: -20.0%
10. Short North: -7.1%

Top 10 Locations with the Lowest % Decline of # of Days on the Market Before Sale August 2022 vs. August 2021
1. Teays Valley LSD: +300.0%
2. Miami Trace LSD: +211.1%
3. Delaware CSD: +200.0%
4. Groveport Madison LSD: +200.0%
5. Whitehall: +180.0%
6. Minerva Park: +175.0%
7. Pataskala: +175.0%
8. Northridge LSD: +120.0%
9. Obetz: +120.0%
10. Lithopolis: +100.0%
11. Pickerington: +80.0%
12. London CSD: +77.8%
13. Circleville CSD: +71.4%



Housing Market Update March 2021

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housing market update March 2021 Columbus, Ohio

The popular monthly series continues with the local housing market update March 2021 report. Let’s drill down into the results.

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 2021
1. New Albany: $652,000
2. New Albany Plain LSD: $523,500
3. Powell: $519,000
4. Upper Arlington CSD: $476,600
5. German Village: $475,550
6. Grandview Heights: $474,000
7. Dublin: $462,000
8. Olentangy LSD: $443,685
9. Buckeye Valley LSD: $420,000
10. Dublin CSD: $419,000
11. Bexley: $413,000
12. Short North: $399,900
13. Granville LSD: $388,500
14. Big Walnut LSD: $384,900
15. Worthington: $358,000

New Albany continued to dominate the top of the market in terms of median sales price, and it wasn’t even close.

Top 15 Least Expensive Locations by Median Sales Price in March 2021
1. Whitehall: $140,100
2. Newark CSD: $146,000
3. Lancaster CSD: $160,500
4. Hamilton LSD: $166,000
5. Groveport Madison LSD: $185,000
6. Jefferson LSD: $185,000
7. Reynoldsburg CSD: $205,250
8. Columbus CSD: $209,718
9. Circleville CSD: $210,000
10. Columbus: $217,000
11. Obetz: $227,420
12. South-Western CSD: $230,000
13. Johnstown-Monroe LSD: $230,000
14. London CSD: $251,000
15. Teays Valley LSD: $253,092

Whitehall remains the area’s biggest bargain. This inner suburb hasn’t always had the best reputation, but the city has been making efforts to improve both its commercial corridors and residential options. Columbus is relatively cheap compared to most of the metro, yet has by far the largest variety of options and neighborhood types to choose from.

Overall Market Median Sales Price in March 2021: $242,550
The overall market is defined by Columbus Metro Area counties.

Top 15 Locations with the Highest Median Sales Price % Growth Between March 2020 and March 2021
1. London CSD: +52.2%
2. Circleville CSD: +44.3%
3. New Albany Plain LSD: +32.5%
4. German Village: +29.4%
5. Obetz: +26.4%
6. Gahanna Jefferson CSD: +26.0%
7. Grandview Heights: +25.4%
8. Powell: +23.9%
9. Upper Arlington CSD: +23.8%
10. Lancaster CSD: +23.7%
11. Jonathan Alder LSD: +23.6%
12. Grove City: +22.0%
13. Gahanna: +21.9%
14. Teays Valley: +21.5%
15. Pickerington LSD: +20.8%
16. Pickerington: +20.8%

Top 15 Locations with the Lowest Median Sales Price % Growth Between March 2020 and March 2021
1. Johnstown Monroe LSD: -25.0%
2. Downtown Columbus: -14.5%
3. Granville LSD: -13.2%
4. Big Walnut LSD: -10.5%
5. Short North: -10.0%
6. Bexley: -6.1%
7. Minerva Park: -5.4%
8. Worthington: -5.0%
9. Hamilton LSD: -3.8%
10. Hilliard: +0.8%
11. New Albany: +1.7%
12. Newark CSD: +4.3%
13. Dublin CSD: +4.6%
14. Hilliard CSD: +5.5%
15. Dublin: +7.5%

Urban areas and some inner suburbs had either the biggest price declines or smallest increases in March vs. March 2020 as the fallout continued from Covid and protest-related activities. These declines may be seen by potential buyers as a positive from the high prices that otherwise continue, however.

Overall Market Median Sales Price % Change March 2021 vs. March 2020: +16.3%

Top 10 Locations with the Most New Listings in March 2021
1. Columbus: 1,156
2. Columbus CSD: 811
3. South-Western CSD: 187
4. Olentangy LSD: 161
5. Hilliard CSD: 138
6. Westerville CSD: 125
7. Dublin CSD: 125
8. Gahanna Jefferson CSD: 78
9. Dublin: 77
10. Upper Arlington CSD: 76

To no surprise, Columbus remains strongly at the top. There were about 300 more new listings in Columbus in March than in February as warmer weather prompted more sellers to put their homes on the market.

Top 10 Locations with the Fewest New Listings in March 2021
1. Valleyview: 0
2. Lithopolis: 2
3. Minerva Park: 2
4. Jefferson LSD: 8
5. Jonathan Alder: LSD: 11
6. Sunbury: 12
7. Grandview Heights: 12
8. Obetz: 12
9. Whitehall: 12
10. German Village: 13

Total New Listings in the Columbus Metro in March 2021: 2,797
Overall Metro New Listings % Change March 2021 vs March 2020: +3.3%
The small increase overall was pushed by big increases smaller counties like Perry, Pickaway and Union.



Top 10 Fastest-Selling Locations by # of Days Homes Remain on the Market Before Sale in March 2021
1. Canal Winchester CSD: 3
2. Johnstown-Monroe LSD: 4
3. Minerva Park: 6
4. Hilliard: 7
5. Jefferson LSD: 7
6. Gahanna: 8
7. Groveport Madison LSD: 8
8. Whitehall: 9
9. London CSD: 10
10. Jonathan Alder LSD: 11
11. Marysville CSD: 11
12. South-Western CSD: 11

Top 10 Slowest-Selling Locations by # of Days Homes Remain on the Market Before Sale in March 2021
1. Lithopolis: 59
2. Powell: 55
3. Downtown Columbus: 54
4. Short North: 52
5. Big Walnut LSD: 49
6. Lancaster CSD: 39
7. Olentangy LSD: 38
8. Dublin: 37
9. Grandview Heights: 36
10. Buckeye Valley LSD: 34

Top 10 Locations with the Greatest % Decline of # of Days on the Market Before Sale March 2021 vs March 2020
1. Johnstown-Monroe LSD: -92.7%
2. Canal Winchester CSD: -92.5%
3. Minerva Park: -90.2%
4. Jefferson LSD: -89.9%
5. Sunbury: -85.0%
6. Jonathan Alder LSD: -83.8%
7. New Albany: -81.9%
8. New Albany Plain LSD: -75.5%
9. Marysville CSD: -71.8%
10. Whitehall: -71.0%

Top 10 Locations with the Lowest % Decline of # of Days on the Market Before Sale March 2021 vs March 2020
1. Worthington CSD: +50.0%
2. Worthington: +38.5%
3. Powell: +12.2%
4. Lancaster CSD: +2.6%
5. Hilliard CSD: -4.3%
6. Obetz: -5.3%
7. Short North: -10.3%
8. Newark CSD: -14.3%
9. Downtown Columbus: -23.9%
10. Pataskala: -26.1%

% Change for the # of Days Homes Remain on the Market Before Sale Across the Metro Overall:
-24.5%

The market remained hot in March, with faster sales and higher prices than in the previous. Inventory did inch up some as spring arrived, but not nearly enough to counter overall demand. Urban areas are still a bit off their peaks from pre-Covid and protests, but seem to have recovered slightly from some previous months.

The previous housing market report and the Columbus Realtors site offers additional information on the Columbus market.