Tag Archives: Neighborhoods in Columbus Ohio

Housing Market Update August 2022

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Housing market update August 2022 Columbus, Ohio

For the Housing Market Update August 2022, data from Columbus Realtors shows that the overall market saw a decrease in home sales and units on the market versus a year ago, a situation that contributed to the continuation of rising prices. So far, it doesn’t appear there has been any sustained impact yet from increasing interest rates.
More data was added to this update than usual, including some county-level information.

Note: LSD= Local School District, CSD= City School District. In both cases, school district boundaries differ from city boundaries.

Median Sales Price By Columbus Metro County in August 2022 and Total Change vs. August 2021
1. Delaware: $448,000 +$34,000
2. Union: $420,000 +$83,500
3. Fairfield: $308,950 +$13,950
4. Hocking: $306,000 +$135,550
5. Pickaway: $295,000 +$42,000
6. Franklin: $285,700 +$15,700
7. Licking: $285,500 +$10,600
8. Madison: $272,000 +$9,500
9. Morrow: $230,000 +$50,000
10. Perry: $216,000 -$4,000

Median Sales Price % Change August 2022 vs. August 2021
1. Hocking: +79.5%
2. Morrow: +27.8%
3. Union: +24.8%
4. Pickaway: +16.6%
5. Delaware: +8.2%
6. Franklin: +5.8%
7. Fairfield: +4.7%
8. Licking: +3.9%
9. Madison: +3.6%
10. Perry: -1.8%
Licking County saw relatively low growth in its home prices the past year, but that is almost certainly to change in the near future. Franklin County median home prices are still in the bottom half for total and growth.

Overall Market Median Sales Price in August: $306,715
Based on the 10 Columbus Metro Area counties. This price was a bit lower than in July, but almost $40,000 higher than August, 2021.

Top 15 Most Expensive Locations By Median Sales Price in August 2022
1. New Albany: $750,000
2. Grandview Heights: $685,000
3. New Albany Plain LSD: $575,500
4. Bexley: $575,000
5. Powell: $563,000
6. German Village: $554,500
7. Dublin: $552,500
8. Upper Arlington CSD: $540,000
9. Olentangy LSD: $500,000
10. Dublin CSD: $485,000
11. Short North: $465,000
12. Jonathan Alder LSD: $443,900
13. Granville CSD: $426,500
14. Northridge LSD: 417,340
15. Big Walnut LSD: $414,000
Median prices were generally lower in August than July, but still up versus August 2021.

Top 15 Least Expensive Metro Locations by Median Sales Price in August 2022
1. Circleville CSD: $150,000
2. Whitehall: $171,600
3. Valleyview: $184,900
4. Hamilton LSD: $187,500
5. Miami Trace LSD: $203,000
6. Lancaster CSD: $210,000
7. Jefferson LSD: $219,750
8. Newark CSD: $220,000
9. Columbus CSD: $234,900
10. Groveport Madison LSD: $250,000
11. Columbus: $256,000
12. South Western CSD: $273,700
13. Reynoldsburg CSD: $276,450
14. London CSD: $276,750
15. Minerva Park: $284,950

Top 15 Metro Locations with the Highest Median Sales Price % Growth Between August 2021 and August 2022
1. Bexley: +70.4%
2. Newark CSD: +29.4%
3. Obetz: +28.8%
4. London CSD: +25.8%
5. Grove City: +20.7%
6. Valleyview: +19.3%
7. Teays Valley LSD: +19.2%
8. Grandview Heights: +19.1%
9. Marysville CSD: +18.4%
10. Hilliard: +17.9%
11. Beechwold/Clintonville: +17.0%
12. Gahanna: +17.0%
13. Powell: +16.7%
14. New Albany: +16.3%
15. New Albany Plain LSD: +15.8%
16. Blacklick: +15.7%

Top 15 Locations with the Lowest Median Sales Price % Growth Between August 2021 and August 2022
1. Circleville CSD: -20.6%
2. Minerva Park: -9.3%
3. Granville CSD: -6.3%
4. Hamilton LSD: -3.8%
5. Jefferson LSD: -3.2%
6. Lancaster CSD: -2.8%
7. Big Walnut LSD: -0.4%
8. Buckeye Valley LSD: +0.9%
9. Downtown: +1.0%
10. Sunbury: +1.1%
11. Westerville: +2.2%
12. Johnstown-Monroe LSD: +3.2%
13. Columbus: +3.6%
14. Canal Winchester CSD: +4.3%
15. Westerville CSD: +4.5%

Overall Market Median Sales Price % Change August 2022 vs. August 2021: +14.6%

New Listings by Metro County in August 2022 and Change From August 2021
1. Franklin: 1,837 -361
2. Delaware: 314 -46
3. Licking: 255 -56
4. Fairfield: 230 -61
5. Pickaway: 91 +2
6. Union: 90 -19
7. Madison: 44 -4
8. Morrow: 40 -23
9. Hocking: 35 -9
10. Perry: 35 +7

Total Metro New Listings in August 2022: 2,971
Total Metro New Listings Change from August 2021 to August 2022: -570

% Change of New Listings by Metro County August 2021-August 2022
1. Morrow: -36.5%
2. Fairfield: -21.0%
3. Hocking: -20.5%
4. Licking: -18.0%
5. Union: -17.4%
6. Franklin: -16.4%
7. Delaware: -12.8%
8. Madison: -8.3%
9. Pickaway: +2.2%
10. Perry: +25.0%

% Change of Metro New Listings August 2021 to August 2022: -16.1%
New listings continued year-over-year declines. Until the supply really starts to grow- or demand falls- prices will continue to rise.

Top 10 Locations with the Most New Listings in August 2022
1. Columbus: 1,224
2. Columbus CSD: 856
3. South Western CSD: 192
4. Olentangy LSD: 155
5. Hilliard CSD: 135
6. Westerville CSD: 122
7. Dublin CSD: 111
8. Pickerington LSD: 87
9. Upper Arlington CSD: 81
10. Grove City: 71

Top 10 Locations with the Fewest New Listings in August 2022
1. Valleyview: 1
2. Minerva Park: 3
3. Lithopolis: 6
4. Obetz: 6
5. Jefferson LSD: 8
6. Granville CSD: 9
7. Sunbury: 11
8. New Albany: 12
9. Grandview Heights: 13
10. Northridge LSD: 14
11. Miami Trace LSD: 14
12. German Village: 16
13. Bexley: 16



Metro Counties by # of Days Homes Remain on the Market Before Sale in August 2022
1. Fairfield: 12
2. Franklin: 13
3. Licking: 13
4. Union: 14
5. Delaware: 16
6. Perry: 16
7. Madison: 18
8. Hocking: 22
9. Pickaway: 26
10. Morrow: 36

Average # of Days Homes Remain on the Market Before Sale for the Metro Overall in August 2022: 18.6
# of Days Homes Remain on the Market Before Sale for the Metro August 2021 vs. August 2022: +7.0
In one of the few signs of a potential slowdown, homes took a week more on average to sell than they did during the same period last year.

Top 10 Fastest-Selling Locations by # of Days Homes Remain on the Market Before Sale in August 2022
1. Valleyview: 4
2. Blacklick: 6
3. Lithopolis: 6
4. Gahanna: 7
5. Gahanna Jefferson CSD: 8
6. Pickerington: 8
7. Pickerington LSD: 8
8. Granville CSD: 9
9. Newark CSD: 9
10. Powell: 9
11. Reynoldsburg CSD: 9
12. Buckeye Valley LSD: 10
13. Dublin: 10
14. Hilliard: 10
15. Hilliard CSD: 10
16. Marysville CSD: 10
17. Westerville CSD: 10
18. Canal Winchester CSD: 11
19. German Village: 11
20. Johnstown-Monroe LSD: 11
21. Northridge LSD: 11
22. Sunbury: 11
23. Westerville: 11
24. Worthington CSD: 11
25. Circleville CSD: 12
26. Delaware CSD: 12
27. Grandview Heights: 12
28. Groveport Madison LSD: 12
29. Worthington: 12
30. Columbus: 13
31. Dublin CSD: 13
32. South Western CSD: 13
33. Hamilton LSD: 14
34. Lancaster CSD: 14
35. Whitehall: 14

Top 10 Slowest-Selling Locations by # of Days Homes Remain on the Market Before Sale in August 2022
1. Downtown: 47
2. Obetz: 33
3. Teays Valley LSD: 32
4. Miami Trace LSD: 28
5. Short North: 26
6. Minerva Park: 22
7. Pataskala: 22
8. Big Walnut LSD: 20
9. New Albany: 20
10. New Albany Plain LSD: 19
11. Upper Arlington CSD: 18
12. Olentangy LSD: 17

Top 10 Locations with the Greatest % Decline of # of Days on the Market Before Sale August 2022 vs. August 2021
1. Valleyview: -69.2%
2. Powell: -52.6%
3. Sunbury: -50.0%
4. Grandview Heights: -45.5%
5. German Village: -35.3%
6. Downtown: -29.9%
7. Gahanna Jefferson CSD: -27.3%
8. New Albany: -25.9%
9. Bexley: -20.0%
10. Short North: -7.1%

Top 10 Locations with the Lowest % Decline of # of Days on the Market Before Sale August 2022 vs. August 2021
1. Teays Valley LSD: +300.0%
2. Miami Trace LSD: +211.1%
3. Delaware CSD: +200.0%
4. Groveport Madison LSD: +200.0%
5. Whitehall: +180.0%
6. Minerva Park: +175.0%
7. Pataskala: +175.0%
8. Northridge LSD: +120.0%
9. Obetz: +120.0%
10. Lithopolis: +100.0%
11. Pickerington: +80.0%
12. London CSD: +77.8%
13. Circleville CSD: +71.4%



Before and After Franklinton

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Before and after Franklinton Columbus, Ohio

Franklinton has been known as The Bottoms for many years, mainly because the low-lying neighborhood has seen flooding more often than anywhere else in the city. With the completion of the Franklinton Floodwall nearly 20 years ago, the neighborhood has been seeing redevelopment at an ever-increasing pace. This Before and After of the neighborhood only covers some of the changes, and another similar post detailing more changes will most likely be needed.

Before: COSI Parking Lot in 2009

This large parking lot had once been part of Central High School’s campus and was originally the site of the schools track and athletic fields. After the school closed in the early 1980s, the area was converted to a large parking lot. It continued its life as parking when COSI moved from Downtown to a new facility in the converted school. When plans for the Scioto Peninsula to be redeveloped emerged, it was decided to turn the parking lot into a brand new park.
After: New Park in 2020

The parking was not actually lost, however. An underground garage was constructed beneath the park itself, which is now called Dorian Green. New development, which will include offices, retail and hundreds of new residences, can be seen under construction in the background.

Before: Veterans Memorial in 2011

The old Veterans Memorial was constructed in the mid-1950s. Over the subsequent decades, the building was renovated and expanded multiple times. By the 2000s, the building was considered outdated with a convoluted layout. Despite some objections, it was decided that the complex would be torn down and replaced with a new veterans center.
After: National Veterans Memorial and Museum in 2020

The new building had a far more modern, almost futuristic design, like something out of an X-Men movie. The new building was to remain a veterans memorial with office and event space, but also serve as a museum. It was eventually given the status of being the National Veterans Memorial, the only one of its kind in the nation.

Before: 500 West Broad Street in 2011

Back in 2011, 500 W. Broad was a collection of small businesses, most notably Wasserstrom restaurant supply. This stretch of Broad was unremarkable and a more modern remnant of urban renewal during the mid-20th Century.
After: 500 West Broad in 2020

Today, the first phase of the Gravity development occupies the entire stretch. This unique mixed-use development contains, among other things, apartments, retail space, community art and activity space for its residents. Directly across the street, the 2nd- and much larger- phase of Gravity is currently under construction.

Before: A.D. Farrow Harley Davidson in 2012

A century after the business was established, this Harley Davidson sales shop just down the street from Gravity looked out of date. Half the site was also a parking lot that fronted Broad Street.
After: A.D. Farrow Harley Davidson in 2020

In 2020, the business was engaged in a significant remodel and expansion. Local business investments such as this have been on the rise in Franklinton in recent years, especially east of 315.

Before: 524 West Broad in 2009

This site had been used as a car lot for some time. The original buildings had been demolished in the early 1960s,
replaced with surface parking.
After: 524 West Broad in 2020

Today the site is home to Franklinton Station, a lower-income residential complex for seniors.



Before: West Rich Street at the Railroad Crossing, looking west in 2009

This view of West Rich Street shows how the area had been in decline, with abandoned buildings on the right and run-down public housing on the left that had seen little investment since its construction in the early 1960s.
After: West Rich Street at the Railroad Crossing, looking west in 2020

Today, this section of Rich Street looks like a completely different place. Buildings have been renovated and old housing has been replaced with the much more dense River & Rich mixed-use development. The new complex contains retail space and residences that retain affordable housing. Another phase of the River & Rich development is in the works that may eventually include a new residential tower.

Before: 548 West State Street in 2011

The site at 548 W. State had been vacant for a number of years, with the original development having been demolished. By 2011, it was overgrown with weeds.
After: 548 West State Street in 2020

In 2020, the site had a brand new mixed-use building containing 13 apartments and retail space. The mural also contributes to Franklinton becoming more of an arts location as the previous arts destination, the Short North, becomes ever more expensive.

Before: Mount Carmel West in 2015

Mount Carmel West Hospital had been a dominant fixture in Franklinton for more than a century. It was originally known as Hawkes Hospital and constructed in 1886, becoming Mount Carmel in the 20th Century. However, by the 2010s, the location was deemed to be less optimal and so most of the services were moved to a new hospital in Grove City. The fate of the old hospital was sealed and a plan was drawn up to redevelop the entire site.
After: Mount Carmel West in 2020

By 2020, the main hospital was no more. The only structures that will remain include the nurse’s college and several parking garages. The site will be redeveloped with mixed-use projects including residential, retail and office space over the next several years.

Before: Hawkes Avenue, looking south from Chapel Street in 2009

Hawkes Avenue was a typical Franklinton street by the late 2000s, with its vacant lots, abandoned buildings and poorly-maintained infrastructure.
After: Hawkes Avenue, looking south from Chapel Street in 2019

Infill housing has been gradually becoming more common throughout Franklinton, as well as home renovations and general reinvestment in infrastructure by the City. Hawkes Avenue has been a beneficiary, and now looks better than it has in many years.

Franklinton has come a long way in just a few years, and the neighborhood is poised to only continue to change even more drastically in the near future. Many new projects are either under construction or have been recently proposed. Future phases of the Scioto Peninsula redevelopment will only spur additional development and growth westward. Whether Franklinton can revitalize without driving out too many of its existing residents remains somewhat of an open question.