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
The monthly housing market update April 2021 has been released from Columbus Realtors. The results continue ongoing trends of rising prices and low supply.
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 April 2021 1. New Albany: $677,500 2. German Village: $570,000 3. Bexley: $527,500 4. Dublin: $514,000 5. Powell: $500,000 6. Grandview Heights: $486,000 7. New Albany Plain LSD: $469,393 8. Upper Arlington CSD: $465,008 9. Olentangy LSD: $446,575 10. Dublin CSD: $437,000 11. Buckeye Valley LSD: $425,000 12. Jonathan Alder LSD: $422,000 13. Granville CSD: $410,000 14. Worthington: $409,250 15. Short North: $405,500
New Albany continued to top the charts, and remained more than $100K over second place.
Top 15 Least Expensive Locations by Median Sales Price in April 2021 1. Newark CSD: $140,000 2. Circleville CSD: $164,900 3. Whitehall: $165,000 4. Hamilton LSD: $195,250 5. Groveport Madison LSD: $196,000 6. Jefferson LSD: $198,000 7. Lancaster CSD: $200,000 8. London CSD: $207,500 9. Columbus CSD: $217,000 10. Obetz: $225,100 11. Columbus: $228,500 12. South-Western CSD: $230,000 13. Reynoldsburg CSD: $237,900 14. Canal Winchester CSD: $245,500 15. Minerva Park: $245,551
Columbus and some of its suburbs remained relative bargains in April.
Overall Market Median Sales Price in April 2021: $251,135 The overall market is defined by Columbus Metro Area counties.
Top 15 Locations with the Highest Median Sales Price % Growth Between April 2020 and April 2021 1. German Village: +67.2% 2. Jonathan Alder LSD: +42.1% 3. Worthington: +39.3% 4. Blacklick: +38.6% 5. Buckeye Valley LSD: +36.7% 6. Powell: +33.8% 7. Teays Valley LSD: +30.6% 8. Whitehall: +29.7% 9. Worthington CSD: 26.4% 10. London CSD: +25.8% 11. Olentangy LSD: 24.7% 12. Bexley: +24.1% 13. Westerville CSD: 22.9% 14. Jefferson LSD: +21.5% 15. South-Western CSD: +21.1% 16. Marysville CSD: +20.3%
Top 15 Locations with the Lowest Median Sales Price % Growth Between April 2020 and April 2021 1. Grandview Heights: -20.4% 2. New Albany Plain LSD: -10.3% 3. Canal Winchester CSD: -8.4% 4. Downtown: -8.0% 5. Johnstown-Monroe LSD: -6.8% 6. New Albany: -6.6% 7. Lithopolis: -6.3% 8. Newark CSD: -2.1% 9. Big Walnut LSD: +0.3 10. Circleville CSD: +0.6% 11. Granville CSD: +1.4% 12. Reynoldsburg CSD: +2.9% 13. Pataskala: +5.0% 14. Minerva Park: +5.8% 15. Gahanna Jefferson CSD: +6.4%
Urban areas generally improved significantly over earlier in the year. Downtown was still down, but by less than in previous months, so it seems the urban market is now well underway with a recovery.
Overall Market Median Sales Price % Change April 2021 vs. April 2020: +13.8%
Top 10 Locations with the Most New Listings in April 2021 1. Columbus: 1,328 2. Columbus CSD: 917 3. South-Western CSD: 197 4. Westerville CSD: 182 5. Olentangy LSD: 177 6. Hilliard CSD: 171 7. Dublin CSD: 153 8. Worthington CSD: 108 9. Pickerington LSD: 105 10. Grove City: 100
Columbus lead again, and had a few hundred more listings in April than it did in March. Listings overall were up in most places compared to a year ago, a small glimmer of good news.
Top 10 Locations with the Fewest New Listings in April 2021 1. Valleyview: 3 2. Lithopolis: 6 3. Obetz: 8 4. Jefferson LSD: 9 5. Sunbury: 9 6. Johnstown-Monroe LSD: 9 7. Jonathan Alder LSD: 10 8. Minerva Park: 11 9. Circleville CSD: 13 10. Grandview Heights: 14
Total New Listings in the Columbus Metro in April 2021: 3,250 Overall Metro New Listings % Change April 2021 vs April 2020: +41.1%
Top 10 Fastest-Selling Locations by # of Days Homes Remain on the Market Before Sale in April 2021 1. Lithopolis: 2 2. Minerva Park, Sunbury: 3 3. Big Walnut LSD, Jonathan Alder LSD: 4 4. Canal Winchester CSD, Jefferson LSD, Reynoldsburg CSD, Westerville, Worthington: 5 5. Groveport Madison LSD: 7 6. Beechwold/Clintonville, Delaware CSD, Hilliard CSD, Johnstown-Monroe LSD, Powell, Westerville CSD, Worthington CSD: 8 7. Hamilton LSD, South-Western CSD: 9 8. Hilliard, Pickerington LSD: 10 9. Obetz: 11 10. Bexley, Circleville CSD, Columbus: 12
Top 10 Slowest-Selling Locations by # of Days Homes Remain on the Market Before Sale in April 2021 1. Short North: 52 2. New Albany: 49 3. Granville CSD, New Albany Plain LSD: 39 4. German Village: 38 5. Grandview Heights: 28 6. Downtown: 27 7. Buckeye Valley LSD: 25 8. Lancaster CSD: 23 9. Marysville CSD, Olentangy LSD: 20 10. Upper Arlington CSD: 18
Top 10 Locations with the Greatest % Decline of # of Days on the Market Before Sale April 2021 vs March 2020 1. Lithopolis: -97.0% 2. Minerva Park: -94.6% 3. Big Walnut LSD: -93.7% 4. Johnstown-Monroe LSD: -92.3% 5. Canal Winchester CSD: -87.2% 6. Jonathan Alder LSD: -85.7% 7. Downtown: -81.0% 8. Delaware CSD: -80.0% 9. Hamilton LSD: -75.0% 10. Groveport Madison LSD: -73.1%
Top 10 Locations with the Lowest % Decline of # of Days on the Market Before Sale April 2021 vs March 2020 1. Short North: +73.3% 2. New Albany Plain LSD: +62.5% 3. New Albany: +44.1% 4. Jefferson LSD: +25.0% 5. Lancaster CSD: +4.5% 6. Upper Arlington CSD: 0.0% 7. Grove City: -7.1% 8. Buckeye Valley LSD: -16.7% 9. Gahanna: -18.8% 10. German Village: -24.0%
% Change for the # of Days Homes Remain on the Market Before Sale Across the Metro Overall: -46.7%
The market heated up even more in April. Despite more homes on the market, houses were selling the fastest they have in any month year to date. The improvements in sales came across the metro area, including urban areas that had been lagging behind somewhat in previous months.
Just a week ago, I wrote about the Columbus housing market and how it was performing the past year. I used to do reports like that often, but hadn’t in years. Due to the overwhelmingly positive article response, I have decided to restart these monthly reports. Given the current state of the housing market, such information may be helpful to prospective homebuyers.
These new reports will be a bit more condensed than the one from last week. I will not list every location for every statistic as I did last week. Instead, I will still attempt to offer a general comparative view of the different markets within the region.
So let’s go!
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 February 2021 1. New Albany: $657,450 2. New Albany Plain LSD: $580,500 3. German Village: $569,500 4. Bexley: $517,000 5. Dublin: $502,500 6. Upper Arlington CSD: $450,000 7. Olentangy LSD: $434,900 8. Powell: $434,900 9. Granville CSD: $387,450 10. Worthington: $380,000 11. Buckeye Valley LSD: $378,240 12. Dublin CSD: $$360,000 13. Grandview Heights: $355,200 14. Short North: $350,000 15. Big Walnut LSD: $348,730
New Albany and some of the more urban suburbs and neighborhoods continue to be near the top of the pack in terms of price.
Top 15 Least Expensive Locations by Median Sales Price in February 2021 1. Valleyview: $129,850 2. Whitehall: $133,000 3. Newark CSD: $145,000 4. Lancaster CSD: $162,000 5. Hamilton LSD: $170,500 6. Groveport Madison LSD: $186,750 7. Columbus CSD: $194,750 8. Jefferson LSD: $198,500 9. Columbus: $210,000 10. South-Western CSD: $217,500 11. Circleville CSD: $224,000 12. Reynoldsburg CSD: $230,000 13. London CSD: $239,900 14. Obetz: $242,363 15. Blacklick: $245,000
Most of these places are outer suburbs outside of Franklin County or smaller locations that are less known or considered less desirable.
Overall Market Median Sales Price in February 2021: $225,500
Top 15 Locations with the Highest Median Sales Price % Growth Between February 2020 and February 2021 1. Valleyview: +93.8% (Based on just 1 sale) 2. Circleville CSD: +79.2% 3. Buckeye Valley LSD: +71.9% 4. Sunbury: +71.4% 5. Jefferson LSD: +52.8% 6. Reynoldsburg CSD: +44.9% 7. Worthington: +38.2% 8. German Village: +36.1% 9. Obetz: +31.2% 10. Marysville CSD: +29.9% 11. Dublin: +27.8% 12. London CSD: +26.3% 13. Olentangy LSK: +25.0% 14. Pataskala: +25.0% 15. Bexley: +22.7%
Top 15 Locations with the Lowest Median Sales Price % Growth Between February 2020 and February 2021 1. Granville CSD: -7.5% 2. Downtown Columbus: -6.6% 3. Jonathan Alder LSD: -4.5% 4. Grandview Heights: -4.0% 5. Powell: -4.0% 6. Minerva Park: -2.1% 7. Westerville: -0.8% 8. Pickerington: -0.7% 9. Canal Winchester CSD: -0.2% 10. Teays Valley LSD: 0.0% 11. Short North: +0.2% 12. Hamilton LSD: +0.3% 13. Beechwold/Clintonville: +1.3% 14. Pickerington LSD: +1.5% 15. Westerville CSD: +4.0%
Overall Market Median Sales Price % Change February 2021 vs. February 2020: +7.4%
Top 10 Locations with the Most New Listings in February 2021 1. Columbus: 830 2. Columbus CSD: 540 3. South-Western CSD: 135 4. Hilliard CSD: 102 5. Olentangy LSD: 91 6. Westerville CSD: 80 7. Dublin CSD: 73 8. Grove City: 65 9. Gahanna Jefferson CSD: 63 10. Pickerington LSD: 58
Top 10 Locations with the Fewest New Listings in February 2021 1. Valleyview: 0 2. Lithopolis: 1 3. Minerva Park: 1 4. Jonathan Alder LSD: 3 5. Jefferson LSD: 5 6. Sunbury: 5 7. Grandview Heights: 6 8. Obetz: 9 9. Worthington: 10 10. Hamilton LSD: 10 11. German Village: 10
Total New Listings in the Columbus Metro in February 2021: 1,932 Overall Metro New Listings % Change February 2021 vs February 2020: -25.4%
Top 10 Fastest-Selling Locations by # of Days Homes Remain on the Market Before Sale in February 2021 1. Obetz: 4 2. Gahanna: 8 3. Hamilton LSD: 8 4. Johnstown-Monroe LSD: 8 5. Pickerington: 8 6. Groveport Madison LSD: 9 7. Pickerington LSD: 10 8. Canal Winchester CSD: 11 9. Reynoldsburg CSD: 12 10. Gahanna Jefferson CSD: 13 11. Hilliard: 13 12. Worthington CSD: 13
Top 10 Slowest-Selling Locations by # of Days Homes Remain on the Market Before Sale in February 2021 1. Downtown Columbus: 72 2. Big Walnut LSD: 57 3. New Albany Plain LSD: 52 4. New Albany: 50 5. Grandview Heights: 48 6. Bexley: 44 7. Short North: 41 8. Circleville CSD: 40 9. German Village: 40 10. Dublin: 39 11. Granville CSD: 39
Columbus-area homes are selling at a blistering pace.
# of Days For-Sale Homes Remain on the Market Before Sale Across the Metro Overall: 26
Top 10 Locations with the Greatest % Decline of # of Days on the Market Before Sale February 2021 vs February 2020 1. Obetz: -89.5% 2. Pickerington: -83.7% 3. Pataskala: -82.1% 4. Pickerington LSD: -79.6% 5. Canal Winchester CSD: -78.0% 6. Hamilton LSD: -76.3% 7. Powell: -74.2% 8. Minerva Park: -70.4% 9. Gahanna: -68.0% 10. Groveport Madison LSD: -66.7%
Top 10 Locations with the Lowest % Decline of # of Days on the Market Before Sale February 2021 vs February 2020 1. Grandview Heights: +92.0% 2. Sunbury: +29.4% 3. Short North: +28.1% 4. Circleville CSD: +21.2% 5. Whitehall: +17.9% 6. Downtown Columbus: +16.1% 7. Worthington: +12.5% 8. New Albany Plain LSD: -3.7% 9. Jefferson LSD: -12.5% 10. Lancaster CSD: -18.4%
% Change for the # of Days Homes Remain on the Market Before Sale Across the Metro Overall: -39.5%
All this data can be confusing. Homebuyers must find the goldilocks zone of price, location and availability, and that’s difficult even in the friendliest of markets. Just because a local market may be seeing slower home sales doesn’t mean they’re affordable. Similarly, just because there’s a lot of supply doesn’t mean homes aren’t not selling out faster than they can go onto the market.
Columbus overall continues to have the most supply, but that’s far from the whole story. While the city added 830 new listings in February, only 582 were actually available for sale. This means that hundreds more homes were sold during the month than became available. The number of available homes only continued to shrink. Columbus’ entire supply would’ve sold out in just 18 days had no additional homes come up for sale.
And the thing is, nothing on the horizon indicates this situation will improve anytime soon. It’s not just that demand is drastically outweighing existing supply, though. Developers- when not faced with NIMBYism and zoning issues- are experiencing materials shortages that were exacerbated by the pandemic. Even when developers can build, they don’t always have the raw materials needed for construction. Unfortunately, these problems aren’t going to go away in the near future.
Given all of that, homebuyers have to be smart, they have to be very persistent, and they need to be prepared to spend more than originally planned.
For more information on the local market, go here to the Columbus Realtors site.
The Columbus area housing market update January 2021 report is now available! Let’s be honest, the current housing market is extremely tough to navigate right now. This is true not so much for sellers, but rather buyers who are finding it nearly impossible to find a home they like at a good price in the neighborhood they want. There are relatively few homes available on the market, and those that are tend to get tangled in bidding wars that ultimately jack up the average sales price for the whole area.
The cause of this boils down to one critical problem- supply. There just aren’t enough existing homes to meet demand, nor are there nearly enough new homes being built. NIMBYism, local zoning and more issues are generally preventing increased home density in and around Columbus, keeping many potential homebuyers- and renters- struggling to find a place to live.
I haven’t done a breakdown of the Columbus real estate market in some time. Because of the current situation, I thought it would be a good time to take a fresh look.
The data below is from the January market report, the latest one available.
First, let’s look at those local areas that had the most homes for sale.
# of New Listings By County, January 2021 Franklin: 1,291 Delaware: 187 Licking: 157 Fairfield: 129 Union: 64 Pickaway: 47 Madison: 28 Morrow: 27 Perry: 20 Hocking: 16 Perhaps unsurprisingly, Franklin County has the most new listing by far.
Change of New Listings by County January 2020 vs. January 2021 Morrow: +8.0% Fairfield: -5.8% Licking: -6.5% Franklin: -6.6% Union: -7.2% Perry: -13.0% Madison: -20.0% Pickaway: -23.0% Delaware: -31.0% Hocking: -42.9% New listings were generally down across all but one metro county, a continuing story even before the pandemic.
Average Sales Price by County in January 2021 Delaware: $430,684 Union: $312,742 Fairfield: $265,821 Pickaway: $256,235 Franklin: $253,852 Licking: $234,116 Morrow: $232,393 Madison: $231,396 Perry: $219,053 Hocking: $208,231 All counties saw the average sale price of homes sold exceed the $200K mark, but Delaware County remains the most expensive place to buy a home in the metro.
Change in Average Sales Price by County January 2020 vs. January 2021 Perry: +53.7% Pickaway: +36.4% Fairfield: +25.9 Delaware: +23.5% Franklin: +13.4% Union: +12.0% Madison: +9.6% Licking: +9.0% Morrow: +8.9% Hocking: -7.6% All but Hocking County saw significant year-over-year sales price increases of homes sold.
Now let’s take a look at individual communities. Which ones were the hottest in January 2021?
Local Communities/Areas by New Listings in January 2021 1. Columbus (Overall): 850 2. Columbus City School District (CSD): 579 3. South-Western CSD: 173 4. Olentangy Local School District (LSD) (Delaware): 95 5. Hilliard CSD: 92 6. Westerville CSD: 86 7. Grove City: 77 8. Dublin CSD: 68 9. Pickerington LSD: 59 10. Groveport Madison LSD (Franklin): 56 11. Worthington CSD: 51 12. Gahanna Jefferson CSD: 50 13. Newark CSD: 42 14. Lancaster CSD: 41 15. Delaware CSD: 40 16. Upper Arlington CSD: 40 17. Pataskala: 37 18. Beechwold/Clintonville: 35 19. Gahanna: 35 20. Westerville: 35 21. Hilliard: 35 22. Blacklick: 34 23. Marysville School District: 33 24. Reynoldsburg CSD: 32 25. Dublin: 31 26. Teays Valley LSD (Pickaway): 30 27. Downtown Columbus: 29 28. Pickerington: 27 29. New Albany Plain LSD: 24 30. Short North: 24 31. Big Walnut LSD (Franklin): 22 32. Powell: 22 33. Canal Winchester CSD: 19 34. London CSD: 15 35. German Village: 15 36. New Albany: 14 37. Hamilton LSD (Franklin): 14 38. Buckeye Valley LSD (Delaware: 13 39. Bexley: 11 40. Worthington: 11 41. Granville CSD: 11 42. Obetz: 8 43. Johnstown-Monroe LSD (Licking): 8 44. Circleville CSD: 7 45. Grandview Heights: 7 46. Sunbury: 7 47. Whitehall: 6 48. Jonathan Alder LSD (Madison): 6 49. Jefferson LSD (Madison: 5 50. Minverva Park: 2 51. Valleyview: 1 52. Lithopolis: 0 It’s pretty clear that the number of new listings falls off dramatically outside of Columbus proper. Only a handful of suburban areas had more than 50.
Average Sales Price January 2021, # of Homes Sold and % Change vs. January 2020 1. New Albany: $788,943: 14: +8.4% 2. New Albany Plain LSD: $669,455: 20: +10.2% 3. German Village $637,550: 10: +2.3% 4. Olentangy LSD $494,911: 96: +23.0% 5. Powell: $493,087: 11: +19.2% 6. Granville CSD: $492,045: 6: +31.3% 7. Dublin: $468,902: 37: +17.5% 8. Upper Arlington CSD: $462,594: 26: -9.2% 9. Bexley: $438,288: 13: -17.6% 10. Grandview Heights: $437,010: 6: +8.5% 11. Buckeye Valley LSD: $403,616: 20: +40.9% 12. Downtown: $384,230: 22: -36.4% 13. Dublin CSD: $378,788: 78: +11.8% 14. Johnstown-Monroe LSD: $375,598: 12: +110.8% 15. Short North: $360,830: 10: -8.7% 16. Jonathan Alder LSD: $340,887: 15: +20.7% 17. Big Walnut LSD: $337,550: 14: -8.8% 18. Gahanna Jefferson CSD: $335,621: 34: +19.7% 19. Blacklick: $325,445: 32: +39.7% 20. Sunbury: $318,980: 5: +39.1% 21. Pickerington LSD: $318,093: 40: +28.6% 22. Worthington: $316,625: 8: +7.0% 23. Teays Valley LSD: $315,316: 21: +52.5% 24. Beechwold/Clintonville: $300,780: 43: +15.4% 25. Hilliard: $297,387: 25: +0.9% 26. Worthington CSD: $294,236: 40: +17.5% 27. Pickerington: $282,044: 18: +13.0% 28. Westerville: $279,126: $279,126: -0.9% 29. Hilliard CSD: $277,377: 92: +5.9% 30. Canal Winchester CSD: $276,299: 17: +21.7% 31. Grove City: $272,378: 47: +17.8% 32. Minerva Park: $269,580: 5: +21.2% 33. Westerville CSD: $265,781: 68: -3.3% 34. Obetz: $260,825: 6: +26.4% 35. Gahanna: $255,650: 16: -2.1% 36. Marysville CSD: $254,363: 32: +17.8% 37. Hamilton LSD: $245,750: 4: +85.8% 38. Delaware CSD: $245,526: 31: +21.8% 39. Pataskala: $237,293: 18: +26.8% 40. Lithopolis: $228,125: 4: -1.4% 41. South-Western CSD: $227,266: 131: +17.9% 42. Columbus: $222,124: 761: +17.0% 43. Columbus CSD: $215,256: 507: +20.2% 44. Jefferson LSD: $210,225: 4: -35.5% 45. Reynoldsburg CSD: $203,965: 34: +9.0% 46. Lancaster CSD: $203,095: 44: +37.5% 47. Groveport Madison LSD: $194,690: 43: +30.3% 48. London CSD: $190,733: 14: +43.8% 49. Circleville CSD: $183,546: 13: +5.3% 50. Whitehall: $165,361: 11: +68.6% 51. Newark CSD: $143,241: 51: +15.9% 52. Valleyview: $120,000: 1: N/A As stated above, most areas in the metro are priced above $200,000 for a house. Columbus overall is still one of the least expensive options. New Albany is really in a league all its own. It should be noted that many of these average price figures are based on relatively few sales. Because available inventory is so low, the average sales price is being pushed higher. However, it is certainly possible to find homes lower- and in some cases, much lower- than the average price. This is especially true in Columbus.
Finally, let’s look at how long for-sale homes actually stay on the market.
Average # of Days Listings Remain on the Market Until Sale, and % Change January 2020 to January 2021 1. Valleyview: 1: N/A No sales occurred in January 2020. 2. Gahanna: 9: -74.3% 3. Groveport Madison LSD: 9: -69.0% 4. Hamilton LSD: 9: -50.0% 5. Worthington: 9: -72.7% 6. Reynoldsburg CSD: 10: -68.8% 7. Obetz: 12: -71.4% 8. Hilliard: 13: -61.8% 9. Worthington CSD: 13: -56.7% 10. Circleville CSD: 14: -76.3% 11. Lithopolis: 14: -61.1% 12. Marysville CSD: 14: -63.2% 13. Minerva Park: 14: +133.3% 14. Pataskala: 14: -46.2% 15. New Albany: 15: -88.9% 16. New Albany Plain LSD: 15: -83.9% 17. Pickerington: 15: -71.7% 18. South-Western CSD: 15: -34.8% 19. Teays Valley LSD: 15: -58.3% 20. Canal Winchester CSD: 17: -73.0% 21. Whitehall: 17: -46.9% 22. Hilliard CSD: 18: -48.6% 23. Lancaster CSD: 18: -52.6% 24. Westerville CSD: 18: -47.1% 25. Delaware CSD: 19: -51.3% 26. Grove City: 19: -36.7% 27. Beechwold/Clintonville: 20: -53.5% 28. Columbus: 21: -30.0% 29. Westerville: 21: -27.6% 30. Newark CSD: 22: -31.3% 31. Pickerington LSD: 22: -45.0% 32. Dublin: 26: -55.9% 33. Buckeye Valley LSD: 27: -44.9% 34. Columbus CSD: 27: -18.2% 35. Dublin CSD: 27: -41.3% 36. Jefferson LSD: 27: -46.0% 37. London CSD: 27: -32.5% 38. Blacklick: 28: -12.5% 39. Grandview Heights: 28: -37.8% 40. Gahanna Jefferson CSD: 29: -23.7% 41. Johnstown Monroe LSD: 29: -12.1% 42. Sunbury: 29: +222.2% 43. Jonathan Alder LSD: 35: -10.3% 44. Short North: 35: -47.8% 45. Big Walnut LSD: 37: -54.3% 46. Bexley: 44: -18.5% 47. Upper Arlington CSD: 46: -17.9% 48. Olentangy LSD: 49: -16.9% 49. Powell: 52: -8.8% 50. Granville CSD: 54: -15.6% 51. German Village: 56: -38.5% 52. Downtown: 96: +242.9% Only 2 places in the metro saw an increase, with the big one being Downtown. This was most likely due to a few factors- last year’s protests and the pandemic reducing demand close to Downtown jobs. I would expect it to recover somewhat this year and certainly next year. Overall, though, most places saw significant drops in how long homes lasted on the market. Given that these are averages, we know that there were plenty of instances of homes flying off the market in just a few days.
Furthermore, the actual inventory on the market is 30 days or less. This means that if no more homes became available for sale, all the homes on the market would sell out in less than a month. In many cases, the supply would run out in just a few weeks.
Certainly, all these numbers indicate that Columbus itself is still one of the best options for home buying given its lower costs and greater supply, but even there, homes are selling in just a few weeks on average. There’s really been no better time to sell in a long time, but also no worse time to buy. Hopefully, this data provides at least a little insight into the local market and where one might fight the greatest advantages in finding a home. My recommendation is to use every available resource- from realtors to social media- to aid in the search.
In this edition of the Columbus Housing Market July 2013, we see from Columbus Realtorsthat the housing market has been pretty white hot, and metro area sales set monthly records in July with an increase over 28%. July also featured the 3rd highest sales of any month on record.
I looked at the 21 major areas of Franklin County (11 urban, 10 suburban). Here is what the July market looked like.
Average # of Days before Sale, July 2013 Urban: 49.8 Suburban: 48.7 Urban without Columbus: 48.8
Average # of Days before Sale, YTD Urban: 64.6 Suburban: 62.3 Urban without Columbus: 64.4
Top 10 Lowest Housing Supplies (based on # of months to sell all listings), July 2013 1. Worthington: 1.9 2. Grandview Heights: 2.4 3. Upper Arlington: 2.4 4. Clintonville: 2.5 5. Hilliard: 2.7 6. Westerville: 2.8 7. Dublin: 3.1 8. Bexley: 3.2 9. Gahanna: 3.6 10. Downtown: 4.0
Average # of Months to Sell All Listings Urban: 3.7 Suburban: 4.2 Urban without Columbus: 3.6
Average % Change of Single-Family Home Sales, July 2013 vs. July 2012 Urban: +55.0% Suburban: +33.4% Urban without Columbus: +58.0%
Average % Change of Condo Sales, July 2013 vs. July 2012 Urban: +78.4% Suburban: +89.0% Urban without Columbus: +82.3%
Average % Change of Single-Family Home Sales YTD vs. YTD 2012 Urban: +14.4% Suburban: +28.5% Urban without Columbus: +13.0%
Average % Change of Condo Sales YTD vs. YTD 2012 Urban: +42.8% Suburban: +32.7% Urban without Columbus: +44.0%
Seems like most areas are doing fairly well, including the urban core. Of course, these number do not measure rentals, which is what is really booming right now in the residential scene.
