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 May 2022




Local housing market update May 2022 Columbus, Ohio

In this latest edition of the Housing Market Update May 2022, we see that home prices continue to reach record levels in the metro area, and houses are selling faster than ever. With rising mortgage interest rates, will the region eventually see a slowdown?

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 May 2022
1. New Albany: $789,900
2. New Albany Plain LSD: $650,000
3. Big Walnut LSD: $572,127
4. Powell: $565,000
5. Upper Arlington CSD: $558,000
6. Dublin: $555,000
7. Grandview Heights: $545,000
8. Granville CSD: $530,000
9. Dublin CSD: $515,000
10. Olentangy LSD: $505,000
11. Buckeye Valley LSD: $495,000
12. Worthington: $481,000
13. German Village: $475,000
14. Bexley: $470,000
15. Pickerington: $444,000
16. Canal Winchester CSD: $430,000
Several suburbs now have median prices at or above half a million dollars, with several others not too far behind.

Top 15 Least Expensive Locations by Median Sales Price in May 2022
1. Lancaster CSD: $175,000
2. Miami Trace LSD: $180,000
3. Newark CSD: $184,000
4. Circleville CSD: $187,500
5. Whitehall CSD: $205,000
6. Jefferson LSD: $220,000
7. London CSD: $227,450
8. Groveport Madison LSD: $243,000
9. Hamilton LSD: $256,700
10. Obetz: $256,700
11. Columbus CSD: $257,500
12. Columbus: $277,750
13. Reynoldsburg CSD: $280,500
14. Minerva Park: $291,500
15. South Western CSD: $295,450
On the opposite side of things, even some of the cheapest markets are approaching the $300K mark. Columbus itself remains *relatively* affordable in comparison to the market overall.

Overall Market Median Sales Price in May: $303,460
Based on the 10 Columbus Metro Area counties.

Top 15 Locations with the Highest Median Sales Price % Growth Between May 2021 and May 2022
1. Canal Winchester CSD: +65.4%
2. Big Walnut LSD: +50.4%
3. Whitehall: +48.6%
4. Northridge LSD: +42.6%
5. Groveport Madison LSD: +39.0%
6. Grandview Heights: +38.3%
7. Granville CSD: +31.7%
8. Gahanna: +27.6%
9. Teays Valley LSD: +26.4%
10. Pataskala: +26.3%
11. Pickerington: +25.1%
12. Downtown: +24.3%
13. Johnstown-Monroe LSD: +23.5%
14. Powell: +22.8%
15. Sunbury: +22.5%

Top 15 Locations with the Lowest Median Sales Price % Growth Between May 2021 and May 2022
1. German Village: -24.6%
2. Miami Trace LSD: -19.3%
3. Obetz: -14.0%
4. Bexley: -5.5%
5. Delaware CSD: -4.7%
6. New Albany: -2.5%
7. Minerva Park: -2.2%
8. Lancaster CSD: -0.6%
9. Newark CSD: -0.1%
10. Jonathan Alder LSD: 0.0%
11. Short North: 0.5%
12. London CSD: +1.1%
13. Westerville: +2.4%
14. Circleville CSD: +3.0%
15. Beechwold/Clintonville: +3.5%
So far, the “Intel Effect” has yet to kick in in places like Newark and some Northeast Side communities. Only Johnstown is seeing a significant price increase. This may have to do with some of these places already being overvalued, especially New Albany.

Overall Market Median Sales Price % Change May 2022 vs. May 2021: +14.5%
Based on 53 metro market locations.

Top 10 Locations with the Most New Listings in May 2022
1. Columbus: 1,337
2. Columbus CSD: 898
3. Olentangy LSD: 214
4. South Western CSD: 210
5. Hilliard CSD: 162
6. Dublin CSD: 146
7. Westerville CSD: 139
8. Worthington CSD: 94
9. Dublin: 90
10. Lancaster CSD: 88

Top 10 Locations with the Fewest New Listings in May 2022
1. Valleyview: 0
2. Lithopolis: 2
3. Minerva Park: 5
4. Obetz: 6
5. Jefferson LSD: 12
6. Northridge LSD: 14
7. Johnstown-Monroe LSD: 15
8. Miami Trace LSD: 18
9. Sunbury: 20
10. Granville CSD: 20
11. German Village: 21

Total New Listings in the Columbus Metro in May 2022: +3,362
Overall Metro New Listings % Change May 2022 vs May 2021: -3.1%
New listings fell in May year-over-year even though the late spring is often a time when more homes go onto the market. Franklin County had one of the largest declines in inventory, dropping about 6.9%.



Top 10 Fastest-Selling Locations by # of Days Homes Remain on the Market Before Sale in May 2022
1. Grandview Heights: 3
2. Canal Winchester CSD: 4
3. Hilliard: 4
4. Miami Trace LSD: 4
5. Minerva Park: 4
6. Westerville: 4
7. Westerville CSD: 4
8. German Village: 5
9. Hilliard CSD: 5
10. Marsyville CSD: 5
11. Powell: 5
12. Reynoldsburg CSD: 5
13. Sunbury: 5
14. Worthington: 5
15. Worthington CSD: 5
16. Bexley: 6
17. Dublin: 6
18. Groveport Madison LSD: 6
19. Jefferson LSD: 6
20. Pickerington: 6
21. Hamilton LSD: 7
22. Lancaster CSD: 7
23. Newark CSD: 7
24. Pickerington LSD: 7
25. Upper Arlington CSD: 7
26. Whitehall: 7
27. Beechwold/Clintonville: 8
28. Gahanna: 8
29. Delaware CSD: 9
30. South Western CSD: 9
31. Blacklick: 10
32. Columbus: 10
33. Johnstown-Monroe LSD: 10
34. Gahanna Jefferson LSD: 12
35. Dublin CSD: 13
36. Grove City: 13

The “Top 10” became the Top 36 just given that most of the local markets are selling so similarly quickly. There is relatively little spread between the fastest and slowest-selling markets, with some obvious exceptions.

Top 10 Slowest-Selling Locations by # of Days Homes Remain on the Market Before Sale in May 2022
1. Northridge LSD: 84
2. Downtown: 75
3. New Albany: 29
4. Buckeye Valley LSD: 28
5. Granville CSD: 27
6. Teays Valley LSD: 27
7. London CSD: 26
8. Short North: 25
9. Jonathan Alder LSD: 22
10. Big Walnut LSD: 20
11. New Albany LSD: 19
12. Obetz: 19
13. Pataskala: 19

Top 10 Locations with the Greatest % Decline of # of Days on the Market Before Sale May 2022 vs. May 2021
1. Bexley: -76.0%
2. Jefferson LSD: -73.9%
3. Lancaster CSD: -72.0%
4. Dublin: -68.4%
5. Johnstown-Monroe LSD: -64.3%
6. Grandview Heights: -62.5%
7. Reynoldsburg CSD: -58.3%
8. Short North: -51.0%
9. Hamilton LSD: -50.0%
10. Hilliard: -50.0%
11. Westerville: -50.0%
12. Hilliard CSD: -44.4%

Top 10 Locations with the Lowest % Decline of # of Days on the Market Before Sale May 2022 vs. May 2021
1. Northridge LSD: +1,300.0%
2. Jonathan Alder LSD: +633.3%
3. Valleyview: +400.0%
4. London CSD: +188.9%
5. New Albany: +141.7%
6. New Albany LSD: +111.1%
7. Downtown: +92.3%
8. Granville CSD: +80.0%
9. Circleville CSD: +77.8%
10. Teays Valley LSD: +68.8%

% Change for the # of Days Homes Remain on the Market Before Sale Across the Metro Overall: 15.6
Overall Metro Days on Market % Change May 2022 vs May 2021: -1.3%

Columbus Realtors offers monthly housing reports and other data back several years.