The 2022 final housing market update looks at the overall market performance for the year versus 2021.
Note: LSD= Local School District, CSD= City School District. In both cases, school district boundaries differ from city boundaries.
Closed sales are those sales that were completed during the year. 7 of the 10 metro counties saw declines vs. 2021.
Overall Market Median Sales Price in 2022: $298,748 Based on the 10 Columbus Metro Area counties, the median price increased by $34,139 over 2021. Overall Market Median Sales Price % Change in 2022 versus 2021: +12.9%
Best in the case of market median price % change is subjective. For buyers, it would be prices that have increased the least or even declined, while for sellers it would be the largest increases.
Total Metro New Listings in 2022: 31,652 Total Metro New Listings Change from 2021 to 2022: -3,508 Thousands of fewer homes going to market helped keep prices rising across the metro despite a significant slowdown in overall sales.
Average # of Days Homes Remain on the Market Before Sale for the Metro Overall in 2022: 20.0 # of Days Homes Remain on the Market Before Sale % Change for the Metro 2021 vs. 2022: +9.3%
This new data shows whether a market was receiving more or less than the original list price for the homes for sale. Those above 100% were markets that typically had buyer competition to the point where they had to pay more than list. Those below 100% were the opposite, where relatively lower demand allowed some buyers to get a home for under list.
And there you have it, the final housing market update for 2022!
The Housing Market Update October 2022 data from Columbus Realtors showed a significant slowdown in home sales, but that it didn’t mean homes got cheaper in the process.
Note: LSD= Local School District, CSD= City School District. In both cases, school district boundaries differ from city boundaries.
Closed sales are those sales that were completed during the month. They dropped significantly in most counties year-over-year as rising interest rates slowed the white-hot market. But what markets slowed down the most? Only a handful of markets saw an increase, including Johnstown, which is presumably seeing movement due to the Intel project. Most places on this list tended to be among the most expensive local markets, but not all.
Most counties continued to see price increases, though some were much more modest than others. Franklin County was in the middle of the pack.
Overall Market Median Sales Price in October 2022: $304,583 Based on the 10 Columbus Metro Area counties, the metro price saw about a $12,000 increase vs September, 2022 and a more than $30,000 increase over October, 2021. Overall Market Median Sales Price % Change in October, 2022 versus October, 2021: +10.6%
Now let’s take a look at individual neighborhoods and places within the metro area.
There are few surprises on this chart.
Only 3 markets had a median price below $200,000, 2 of which were within I-270.
Most counties saw new listing totals drop year-over-year. This is one of the reasons prices remained higher despite large sales drops.
Total Metro New Listings in October, 2022: 2,401 Total Metro New Listings Change from October, 2021 to October, 2022: -497 Year-over-year, new listings were down yet again.
Average # of Days Homes Remain on the Market Before Sale for the Metro Overall in October, 2022: 24.6 # of Days Homes Remain on the Market Before Sale for the Metro October, 2021 vs. October, 2022: +8.2 Homes across the market sold more than a week more slowly year-over year in October.
Aside from the half-dozen markets that saw declines, most saw fairly significantly increases in the number of days before sale year-over year.
Overall, the October housing market showed strong signs of a slowdown, but so far, this hasn’t prevented further price increases. Demand for homes seems to be continuing to outpace supply, but perhaps not quite to the level it was earlier in the year.
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.
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.
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%
