Housing Market Update June 2022



Local housing market update June 2022 Columbus, Ohio

In this latest edition of the Housing Market Update June 2022, data shows that home prices and sales remain strong, but perhaps not quite as strong as in May or other previous months. 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 June 2022
1. New Albany: $912,500
2. New Albany Plain LSD: $795,000
3. Upper Arlington CSD: $650,000
4. Powell: $601,000
5. Dublin: $570,000
6. Olentangy LSD: $531,000
7. Granville LSD: $527,000
8. Grandview Heights: $525,000
9. Bexley: $498,425
10. Buckeye Valley LSD: $478,980
11. Hilliard: $465,500
12. Short North: $459,000
13. Dublin CSD: $455,000
14. Worthington: $$455,000
15. Big Walnut LSD: $432,500
16. German Village: $430,000
Whether due to the Intel project or other factors, New Albany’s median sales price continued its path toward a million dollars.

Top 15 Least Expensive Locations by Median Sales Price in June 2022
1. Newark CSD: $168,000
2. Whitehall: $178,500
3. Miami Trace LSD: $184,316
4. Lancaster CSD: $203,500
5. Circleville CSD: $230,000
6. Hamilton LSD: $231,500
7. Groveport Madison LSD: $249,450
8. Columbus CSD: $252,500
9. Jefferson LSD: $267,550
10. Minerva Park: $272,500
11. Columbus: $275,000
12. Reynoldsburg CSD: $280,000
13. South Western CSD: $280,000
14. London CSD: $290,000
15. Delaware CSD: $320,000
16. Downtown: $324,450
The least expensive local markets aren’t so cheap anymore, with only a handful still under the $200,000 level. Columbus remains *relatively* affordable in comparison to most areas.

Overall Market Median Sales Price in June: $300,627
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 June 2021 and June 2022
1. Obetz: +68.2%
2. New Albany Plain LSD: +59.0%
3. Circleville CSD: +45.1%
4. Granville LSD: +36.5%
5. Upper Arlington CSD: +36.0%
6. Hilliard: +31.1%
7. Johnstown-Monroe LSD: $28.0%
8. Delaware CSD: +27.0%
9. New Albany: +26.7%
10. Hamilton LSD: +26.5%
11. Teays Valley LSD: +25.9%
12. Groveport Madison LSD: +24.7%
13. Pickerington: +23.4%
14. Pataskala: +23.0%
15. Lithopolis: +19.3%
New Albany is clearly moving up the list of growers, as are other areas near the INtel site.

Top 15 Locations with the Lowest Median Sales Price % Growth Between June 2021 and June 2022
1. Minerva Park: -27.8%
2. Downtown: -27.1%
3. Bexley: -20.3%
4. Valleyview: -18.5%
5. Miami Trace LSD: -11.4%
6. Big Walnut LSD: -8.5%
7. German Village: -7.4%
8. Worthington CSD: -1.4%
9. Westerville: +0.0%
10. Dublin CSD: +2.2%
11. Westerville CSD: +2.7%
12. Worthington: +3.4%
13. Gahanna Jefferson CSD: +3.7%
14. Jonathan Alder LSD: +4.4%
15. Northridge LSD: +5.8%

Overall Market Median Sales Price % Change June 2022 vs. June 2021: +13.4%
Based on 53 metro market locations.

Top 10 Locations with the Most New Listings in June 2022
1. Columbus: 1,459
2. Columbus CSD: 971
3. South Western CSD: 244
4. Olentangy LSD: 238
5. Westerville CSD: 183
6. Hilliard CSD: 173
7. Dublin CSD: 156
8. Worthington CSD: 115
9. Pickerington LSD: 112
10. Grove City: 102

Top 10 Locations with the Fewest New Listings in June 2022
1. Valleyview: 3
2. Minerva Park: 5
3. Lithopolis: 8
4. Obetz: 8
5. Jefferson LSD: 10
6. Grandview Heights: 10
7. Northridge LSD: 12
8. Granville LSD: 12
9. Hamilton LSD: 14
10. Sunbury: 15
11. Bexley: 16
12. Miami Trace LSD: 17
13. Johnstown Monroe LSD: 19

Total New Listings in the Columbus Metro in June 2022: +3,705
Overall Metro New Listings % Change June 2022 vs June 2021: -3.8%
New listings fell for the 2nd consecutive month despite summer usually being the time when more people put their homes on the market.



Top 10 Fastest-Selling Locations by # of Days Homes Remain on the Market Before Sale in June 2022
1. Minerva Park: 3
2. Gahanna: 5
3. Powell: 5
4. Valleyview: 5
5. Worthington CSD: 5
6. Hilliard CSD: 6
7. Johnstown Monroe LSD: 6
8. Newark CSD: 6
9. Upper Arlington CSD: 6
10. Worthington: 6
11. Beechwold/Clintonville: 7
12. German Village: 7
13. Hilliard: 7
14. Lancaster CSD: 7
15. Marysville CSD: 7
16. Westerville: 7
17. Westerville CSD: 7
18. Delaware CSD: 8
19. Grove City: 8
20. Groveport Madison LSD: 8
21. Jefferson LSD: 8
22. Jonathan Alder LSD: 8
23. New Albany Plain: LSD: 8
24. Pickerington LSD: 8
25. Reynoldsburg CSD: 8
26. Blacklick: 9
27. Columbus: 9
28. Gahanna Jefferson CSD: 9
29. Lithopolis: 9
30. Olentangy LSD: 9
31. Pickerington: 9
32. Whitehall: 9
33. Canal Winchester CSD: 10
34. Grandview Heights: 10
35. New Albany: 10
36. South Western CSD: 10
37. Columbus CSD: 11
38. Dublin CSD: 11
39. Granville LSD: 11
40. London CSD: 11
41. Bexley: 13
42. Dublin: 13
43. Big Walnut LSD: 15
44. Short North: 15

The “Top 10” became the Top 44 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.

Top 10 Slowest-Selling Locations by # of Days Homes Remain on the Market Before Sale in June 2022
1. Northridge LSD: 51
2. Downtown: 43
3. Teays Valley LSD: 30
4. Buckeye Valley LSD: 26
5. Circleville CSD: 25
6. Miami Trace LSD: 24
7. Sunbury: 23
8. Obetz: 22
9. Pataskala: 21
10. Hamilton LSD: 17

Top 10 Locations with the Greatest % Decline of # of Days on the Market Before Sale June 2022 vs. June 2021
1. German Village: -74.1%
2. Bexley: -69.0%
3. Grandview Heights: -58.3%
4. Upper Arlington CSD: -53.8%
5. Lancaster CSD: -50.0%
6. Grove City: -42.9%
7. Beechwold/Clintonville: -41.7%
8. New Albany: -37.5%
9. New Albany Plain LSD: -33.3%
10. Newark CSD: -33.3%
11. Worthington: -33.3%
12. Granville LSD: -31.3%

Top 10 Locations with the Lowest % Decline of # of Days on the Market Before Sale June 2022 vs. June 2021
1. Northridge LSD: +325.0%
2. Circleville CSD: +212.5%
3. Miami Trace LSD: +200.0%
4. Sunbury: +155.6%
5. Teays Valley LSD: +150.0%
6. Pickerington: +125.0%
7. Hamilton LSD: +112.5%
8. Pataskala: +110.0%
9. Canal Winchester CSD: +100.0%
10. Lithopolis: +80.0%

Total # of Days Homes Remain on the Market Before Sale Across the Metro Overall: 14.7
Overall Metro Days on Market % Change June 2022 vs June 2021: +4.3%
Homes spent slightly longer on the market in June vs. a year ago, again signaling that perhaps a slowdown is in the very early stages.



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.