2023 Mid-Year Housing Market Update




2023 Mid-Year housing market update

In the past, I’ve done individual housing market update reports on a monthly basis, but it’s proven to be somewhat impractical from a time management perspective. For 2023, I’ve decided to just do two main updates, one for the mid-year point and the other in December for the year as a whole.

Some changes for the mid-year update format will be that I will include all information January-June for all the Columbus market areas. For the larger tables, you can scroll to see all months.

Top 20 Most Expensive Markets by Median Sales Price January-June

Rank

January

February

March

April

May

June

January-June Median

1

Olentangy LSD: $520,531

New Albany: $921,425

New Albany: $1,112,875

New Albany: $975,000

New Albany: $820,000

New Albany: $788,500

New Albany: $925,000

2

Dublin/Dublin CSD: $519,900

New Albany Plain LSD: $750,000

Grandview Heights: $715,000

New Albany Plain LSD: $899,000

Grandview Heights: $752,000

Powell: $686,255

New Albany Plain LSD: $655,000

3

New Albany: $501,010

Powell: $613,255

New Albany Plain LSD: $684,250

Dublin: $585,000

Upper Arlington CSD: $691,000

New Albany Plain LSD: $655,000

Powell: $620,000

4

Granville CSD: $500,000

Dublin: $590,000

Powell: $612,450

Olentangy LSD: $564,000

Powell: $640,000

Upper Arlington CSD: $625,000

Upper Arlington CSD: $607,000

5

Johnstown-Monroe LSD: $499,000

Bexley: $581,250

Granville CSD: $567,500

Upper Arlington CSD: $550,000

New Albany Plain LSD: $639,900

Dublin: $585,000

Dublin: $570,000

6

Big Walnut LSD: $470,000

Big Walnut LSD: $515,900

German Village: $565,000

German Village: $528,500

Dublin: $580,000

Bexley: $550,500

Olentangy LSD: $540,792

7

Worthington: $467,500

Olentangy LSD: $499,050

Olentangy LSD: $550,000

Bexley: $515,000

Olentangy LSD: $568,000

German Village: $545,000

German Village: $530,000

8

Jonathan Alder LSD: $446,250

Upper Arlington CSD: $467,875

Upper Arlington CSD: $527,500

Powell: $505,000

Dublin CSD: $527,500

Olentangy LSD: $540,000

Bexley: $515,000

9

Buckeye Valley LSD: $445,000

Dublin CSD: $463,975

Dublin: $525,000

Buckeye Valley LSD: $499,000

German Village: $516,500

Granville CSD: $525,000

Dublin CSD: $511,500

10

Powell: $440,000

Worthington: $450,000

Big Walnut LSD: $496,379

Dublin CSD: $485,000

Worthington: $510,444

Buckeye Valley LSD: $508,635

Granville CSD: $500,000

11

New Albany Plain LSD: $430,000

German Village: $450,000

Bexley: $484,250

Big Walnut LSD: $475,000

Big Walnut LSD: $497,000

Dublin CSD: $493,418

Buckeye Valley LSD: $483,900

12

Upper Arlington CSD: $426,250

Hilliard: $438,000

Dublin CSD: $475,000

Sunbury: $462,350

Short North: $495,000

Lithopolis: $485,000

Big Walnut LSD: $480,000

13

Northridge LSD: $405,200

Downtown: $430,000

Buckeye Valley LSD/Sunbury: $438,500

Granville CSD: $450,000 

Buckeye Valley LSD: $489,598

Northridge LSD: $480,790

Worthington: $437,500

14

German Village: $405,000

Granville CSD: $420,000

Johnstown-Monroe LSD: $438,000

Short North: $432,000

Granville CSD: $484,950

Short North: $480,000

Short North: $425,000

15

Grandview Heights: $400,000

Beechwold/Clintonville: $407,500

Minerva Park: $432,000

Pickerington: $427,738

Pickerington: $450,000

Grandview Heights: $455,000

Sunbury: $420,000

16

Lithopolis: $383,000

Lithopolis: $405,400

Westerville: $415,000

Beechwold/Clintonville: $425,500

Sunbury: $449,500

Worthington: $450,000

Pickerington: $406,200

17

Bexley: $380,000

Worthington CSD: $400,000

Hilliard: $410,000

Hilliard: $421,200

Jonathan Alder LSD: $445,000

Gahanna Jefferson CSD: $437,500

Johnstown-Monroe LSD: $399,950

18

Pickerington: $370,000

Short North: $386,650

Northridge LSD: $402,690

Pickerington LSD: $415,000

Bexley: $430,000

Jonathan Alder LSD: $436,000

Lithopolis: $396,000

19

Minerva Park: $367,500

Westerville: $379,900

Lithopolis: $396,000

Worthington: $395,000

Northridge LSD: $412,500

Downtown: $427,000

Pickerington LSD: $390,000

20

Sunbury: $339,700

Pickertington/Pickerington CSD: $370,000

Worthington: $391,000

Grandview Heights/Lithopolis: $388,000

Pickerington LSD: $410,000

Hilliard: $420,000

Westerville: $389,888

Top 20 Least Expensive Markets by Median Sales Price January-June

Rank

January

February

March

April

May

June

January-June Avg Median 

1

Obetz: $159,900

Miami Trace LSD: $145,000

Circleville CSD: $163,350

Miami Trace LSD: $177,000

London CSD: $190,000

Lancaster CSD: $200,500

Miami Trace LSD: $184,500

2

Miami Trace LSD: $162,500

Whitehall: $165,000

Miami Trace LSD: $170,750

Lancaster CSD: $183,500

Whitehall: $192,000

London CSD: $225,158

Whitehall: $187,500

3

Whitehall: $169,500

Obetz: $186,500

Lancaster CSD: $174,900

Whitehall: $190,000

Newark CSD: $215,000

Miami Trace LSD: $227,000

Lancaster CSD: $199,900

4

Lancaster CSD: $185,500

Lancaster CSD: $195,000

Newark CSD: $178,388

Newark CSD: $198,000

Lancaster CSD: $224,500

Circleville CSD: $229,500

Newark CSD: $209,500

5

Newark CSD: $205,000

Jefferson LSD: $196,400

Whitehall: $199,900

Circleville CSD: $216,000

Circleville CSD: $234,950

Jefferson LSD: $240,000

Circleville CSD: $228,000

6

Columbus CSD: $214,000

Hamilton LSD: $205,900

Columbus CSD: $229,900

Hamilton LSD: $235,000

Miami Trace LSD: $242,450

Newark CSD: $243,500

Hamilton LSD: $237,500

7

London CSD: $215,000

Grandview Heights: $209,500

Hamilton LSD: $249,000

Groveport Madison LSD: $235,500

Hamilton LSD: $250,000

Hamilton LSD: $245,000

Jefferson LSD: $238,000

8

Hamilton LSD: $217,000

Newark CSD: $217,500

Groveport Madison LSD: $250,000

Jefferson LSD: $250,425

Columbus CSD: $255,000

Whitehall: $245,900

London CSD: $240,158

9

Jefferson LSD: $223,500

Minerva Park: $223,000

Jefferson LSD: $255,000

Columbus CSD: $255,000

Obetz: $268,000

Obetz: $250,000

Columbus CSD: $243,000

10

Groveport Madison LSD: $225,000

London CSD: $224,038

Columbus/Reynoldsburg CSD: $255,000

London CSD: $257,500

Groveport Madison LSD: $270,000

Groveport Madison LSD: $261,500

Groveport Madison LSD: $250,000

11

Columbus: $230,000

Columbus CSD: $231,750

South-Western CSD: $285,000

Columbus: $270,000

Columbus: $280,000

Columbus CSD: $265,000

Columbus: $265,000

12

Reynoldsburg CSD: $240,000

Groveport Madison LSD: $243,500

Blacklick: $317,000

Obetz: $285,000

South-Wester CSD: $300,000

Reynoldsburg CSD: $270,000

Obetz: $276,000

13

Circleville CSD: $249,900

Columbus: $250,000

Gahanna: $317,049

South-Western CSD: $287,950

Minerva Park: $300,500

Columbus: $283,500

South-Western CSD: $287,000

14

South-Western CSD: $263,500

Circleville CSD: $250,000

Delaware CSD: $322,500

Marysville CSD: $300,000

Reynoldsburg CSD: $313,000

South-Western CSD: $300,000

Marysville CSD: $322,000

15

Worthington CSD: $273,500

South-Western CSD: $260,000

Marysville CSD: $325,000

Blacklick: $309,500

Canal Winchester CSD: $320,000

Marysville CSD: $318,750

Canal Winchester CSD: $325,000

16

Canal Winchester CSD: $295,000

Reynoldsburg CSD: $293,500

Canal Winchester CSD: $327,500

Johnstown-Monroe LSD: $311,000

Pataskala: $339,500

Blacklick: $348,000

Blacklick: $330,100

17

Blacklick: $299,000

Marysville CSD: $299,900

Gahanna Jefferson CSD: $329,750

Teays Valley LSD: $312,900

Marysville CSD: $342,500

Teays Valley LSD: $348,810

Pataskala: $344,000

18

Teays Valley LSD: $300,000

Buckeye Valley LSD: $302,450

Pataskala: $340,000

Canal Winchester CSD: $325,000

Westerville CSD: $346,000

Grove City: $352,041

Teays Valley LSD: $345,000

19

Delaware CSD: $310,000

Gahanna: $303,500

Beechwold/Clintonville: $343,500

Worthington CSD: $329,101

Downtown/Grove City: $350,000

Delaware CSD: $360,000

Grove City: $350,000

20

Westerville CSD: $324,900

Grove City: $310,000

Obetz/Hilliard CSD: $345,000

Reynoldsburg CSD: $330,000

Gahanna: $353,500

Pataskala: $367,500

Delaware CSD: $350,500

Top 10 Markets with the Largest Median Sales Price Change Year-to-Date June 2022 to June 2023

Rank

Year to Date June 2022 to June 2023

1

New Albany: $100,000

2

Dublin CSD: $66,500

3

Minerva Park: $55,400

4

Bexley: $55,000

5

German Village: $50,000

6

Upper Arlington CSD: $46,550

7

Dublin: $45,000

8

Buckeye Valley LSD: $41,900

9

Newark CSD: $39,723

10

Lithopolis: $36,000

Top 10 Markets with the Smallest Median Sales Price Change Year-to-Date June 2022 to June 2023

Rank

Year-to-Date June 2022 to June 2023

1

Grandview Heights: -$70,000

2

Granville CSD: -$25,000

3

Canal Winchester CSD: -$20,750

4

Pataskala: -$20,000

5

Miami Trace LSD: -$9,500

6

Jefferson LSD: -$3,200

7

Marysville CSD: -$2,700

8

London CSD: -$1,842

9

Pickerington LSD: -$350

10

Gahanna: -$250

Top 10 Markets with the Most New Listings Year-to-Date June 2022 to June 2023

Rank

January-June Total Closed Sales

Year-to-Date Change June 2022 to June 2023

1

Columbus: 4,526

-19.8%

2

Columbus CSD: 3,060

-21.1%

3

South-Western CSD: 805

-16.3%

4

Olentangy LSD: 678

-1.2%

5

Hilliard CSD: 539

-10.9%

6

Westerville CSD: 523

-20.0%

7

Dublin CSD: 476

-16.8%

8

Pickerington LSD: 367

+4.6%

9

Grove City: 319

-22.6%

10

Worthington: 319

-15.6%

Top 10 Markets with the Most Closed Sales Year-to-Date June 2022 to June 2023

Rank

January-June Total Closed Sales

Year-to-Date Change June 2022 to June 2023

1

Columbus: 4,526

-19.8%

2

Columbus CSD: 3,060

-21.1%

3

South-Western CSD: 805

-16.3%

4

Olentangy LSD: 678

-1.2%

5

Hilliard CSD: 539

-10.9%

6

Westerville CSD: 523

-20.0%

7

Dublin CSD: 476

-16.8%

8

Pickerington LSD: 367

+4.6%

9

Grove City: 319

-22.6%

10

Worthington: 319

-15.6%

Top 10 Fastest-Selling Markets Year-to-Date 2023 by # of Days on Market Before Sale

Rank

# of Days Before Sale

Year-to-Date 2022 to 2023

1

Westerville: 10

66.7%

2

Westerville CSD: 13

62.5%

3

Gahanna: 14

133.3%

4

Hilliard: 14

100%

5

Minerva Park: 14

180%

6

New Albany Plain LSD: 14

-17.6%

7

Dublin: 15

50%

8

Worthington CSD: 15

114.3%

9

Bexley: 17

13.3%

10

German Village: 17

41.7%

11

Worthington: 17

142.9%


Top 10 Slowest-Selling Markets Year-to-Date 2023 by # of Days on Market Before Sale

Rank

# of Days Before Sale

Year-to-Date June 2022 to June 2023

1

Teays Valley LSD: 63

162.5%

2

Downtown: 62

5.1%

3

Jonathan Alder LSD: 48

200%

4

Northridge LSD: 42

-41.7%

5

Lithopolis: 37

516.7%

6

Powell: 37

164.3%

7

Short North: 37

19.4%

8

Big Walnut LSD: 36

140%

9

Obetz: 36

125%

10

Buckeye Valley LSD: 34

36%

11

Miami Trace LSD: 34

142.9%

12

Olentangy LSD: 34

112.5%

13

Pataskala: 34

61.9%



Housing Market Update July 2022



Housing market update July 2022 Columbus, Ohio

For the Housing Market Update July 2022, it seems that whatever minor signs of a market slowdown all but disappeared in July, with strong price increases and shrinking supply almost across the board. All data 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 July 2022
1. New Albany: $1,001,000
2. New Albany Plain LSD: $836,500
3. German Village: $590,000
4. Powell: $582,500
5. Dublin: $557,000
6. Grandview Heights: $544,500
7. Bexley: $520,000
8. Worthington: $512,000
9. Dublin CSD: $510,000
10. Olentangy LSD: $500,000
11. Big Walnut LSD: $499,990
12. Upper Arlington CSD: $494,950
13. Granville LSD: $471,000
14. Buckeye Valley LSD: $460,000
15. Pickerington: $455,900
New Albany finally blew past the 1 million mark in July, almost 2x the next set of most expensive markets.

Top 15 Least Expensive Locations by Median Sales Price in July 2022
1. Valleyview: $163,000
2. Hamilton LSD: $184,500
3. Newark CSD: $200,000
4. Circleville CSD: $205,000
5. Lancaster CSD: $219,000
6. Miami Trace LSD: $234,900
7. Groveport Madison LSD: $240,000
8. Columbus CSD: $246,000
9. Jefferson LSD: $253,500
10. South Western CSD: $260,500
11. London CSD: $264,000
12. Columbus: $275,000
13. Grove City: $288,000
14. Reynoldsburg CSD: $297,500
15. Northridge LSD: $300,000
Only 2 metro markets remain below $200,000.

Overall Market Median Sales Price in July: $317,880
Based on the 10 Columbus Metro Area counties. This price was slightly lower than in May.

Top 15 Locations with the Highest Median Sales Price % Growth Between July 2021 and July 2022
1. Miami Trace LSD: +60.9%
2. Obetz: +36.8%
3. New Albany: +31.3%
4. Newark CSD: +31.1%
5. Pickerington: +29.0%
6. Teays Valley LSD: +26.4%
7. New Albany Plain LSD: +25.8%
8. Powell: +25.3%
9. Delaware CSD: +23.9%
10. German Village: +23.8%
11. Circleville CSD: +23.1%
12. Worthington: +22.8%
13. Westerville: +21.9%
14. Jefferson LSD: +21.9%
15. Marysville CSD: +20.2%
16. Canal Winchester CSD: +19.1%

Top 15 Locations with the Lowest Median Sales Price % Growth Between July 2021 and July 2022
1. Bexley: -15.4%
2. Short North: -13.0%
3. Northridge LSD: -9.5%
4. Hamilton LSD: -5.8%
5. Valleyview: -5.8%
6. Grove City: -2.3%
7. Sunbury: -0.6%
8. London CSD: +0.3%
9. Upper Arlington CSD: +0.5%
10. Buckeye Valley LSD: +2.2%
11. Columbus CSD: +4.75
12. Dublin: +5.1%
13. Downtown: +5.2%
14. Jonathan Alder LSD: +6.1%
15. South Western CSD: +6.3%
16. Beechwold/Clintonville: +6.5%
Downtown finally broke a string of negative months.

Overall Market Median Sales Price % Change July 2022 vs. July 2021: +13.1%
Based on 53 metro market locations.

Top 10 Locations with the Most New Listings in July 2022
1. Columbus: 1,278
2. Columbus CSD: 854
3. Olentangy LSD: 204
4. South Western CSD: 181
5. Dublin CSD: 159
6. Westerville CSD: 158
7. Hilliard CSD: 155
8. Pickerington LSD: 109
9. Gahanna Jefferson CSD: 100
10. Newark CSD: 79

Top 10 Locations with the Fewest New Listings in July 2022
1. Valleyview: 0
2. Jefferson LSD: 3
3. Minerva Park: 6
4. Lithopolis: 6
5. Obetz: 6
6. Grandview Heights: 7
7. Northridge LSD: 9
8. Granville LSD: 9
9. Miami Trace LSD: 10
10. New Albany: 10
11. Jonathan Alder LSD: 13
12. Sunbury: 14
13. Germany Village: 15
14. Hamilton LSD: 16
15. Whitehall: 16

Total New Listings in the Columbus Metro in July 2022: +3,239
Overall Metro New Listings % Change July 2022 vs July 2021: -20.3%
New listings fell strongly in July versus a year prior as the familiar story of demand far outpacing supply continued in the metro area.



Top 10 Fastest-Selling Locations by # of Days Homes Remain on the Market Before Sale in July 2022
1. Lithopolis: 3
2. Minerva Park: 4
3. Circleville CSD: 5
4. Gahanna: 6
5. Obetz: 6
6. Sunbury: 6
7. Canal Winchester CSD: 7
8. Hilliard: 7
9. Jonathan Alder LSD: 7
10. Pickerington: 7
11. Big Walnut LSD: 8
12. Dublin: 8
13. Hamilton LSD: 8
14. Hilliard CSD: 8
15. Newark CSD: 8
16. Northridge LSD: 8
17. Reynoldsburg CSD: 8
18. Upper Arlington CSD: 8
19. Valleyview: 8
20. Whitehall: 8
21. Worthington CSD: 8
22. Granville LSD: 9
23. Jefferson LSD: 9
24. Pickerington LSD: 9
25. New Albany LSD: 9
26. Powell: 9
27. Delaware CSD: 10
28. Lancaster CSD: 10
29. South Western CSD: 10
30. Westerville CSD: 10
31. Worthington: 10
32. Blacklick: 11
33. Columbus: 11
34. Dublin CSD: 11
35. Gahanna Jefferson CSD: 11
36. London CSD: 11
37. New Albany: 11
38. Beechwold/Clintonville: 12
39. Groveport Madison LSD: 12
Most local markets continue to have very low selling spread between them.

Top 10 Slowest-Selling Locations by # of Days Homes Remain on the Market Before Sale in July 2022
1. Short North: 48
2. German Village: 39
3. Downtown: 37
4. Teays Valley LSD: 35
5. Miami Trace LSD: 30
6. Grandview Heights: 19
7. Grove City: 16
8. Johnstown Monroe LSD: 16
9. Marysville CSD: 15
10. Pataskala: 15
11. Buckeye Valley LSD: 14
12. Columbus CSD: 14
13. Olentangy LSD: 14
14. Bexley: 13
15. Westerville: 13

Top 10 Locations with the Greatest % Decline of # of Days on the Market Before Sale July 2022 vs. July 2021
1. Big Walnut LSD: -63.6%
2. New Albany LSD: -57.1%
3. Buckeye Valley LSD: -53.3%
4. Dublin: -46.7%
5. New Albany: -45.0%
6. Minerva Park: -42.9%
7. Northridge LSD: -42.9%
8. Granville LSD: -40.0%
9. Circleville CSD: -37.5%
10. Hamilton LSD: -33.3%
11. Pickerington: -30.0%

Top 10 Locations with the Lowest % Decline of # of Days on the Market Before Sale July 2022 vs. July 2021
1. Teays Valley LSD: +600.0%
2. Johnstown Monroe LSD: +433.3%
3. German Village: +387.5%
4. Short North: +269.2%
5. Obetz: +200.0%
6. Valleyview: +166.7%
7. Gahanna Jefferson CSD: +120.0%
8. Grove City: +100.0%
9. Reynoldsburg CSD: +100.0%
10. Westerville: +85.7%
11. Blacklick: +83.3%

Total # of Days Homes Remain on the Market Before Sale Across the Metro Overall: 16.2
Overall Metro Days on Market % Change July 2022 vs July 2021: +45.9%
Homes spent much longer on the market across the metro than they did the year before, but the pace was still relatively fast.