Tag Archives: Real estate in Ohio

Housing Market Update April 2021

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housing market update April 2021 Columbus, Ohio

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.



Columbus Housing Market July 2013

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Columbus housing market July 2013

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.

Top 10 July Sales Totals
1. Columbus: 1,055
2. Dublin: 95
3. Upper Arlington: 91
4. Clintonville: 85
5. Westerville: 68
6. Grove City: 66
7. Hilliard: 60
8. Reynoldsburg: 46
9. Gahanna: 42
10. Pickerington: 38

Top 10 July Sales Increases Over July 2012
1. Minerva Park: +300.0%
2. German Village: +154.5%
3. Grove City: +83.3%
4. Reynoldsburg: +70.4%
5. Canal Winchester: +60.0%
6. Whitehall: +55.6%
7. Pataskala: +41.2%
8. Clintonville: +37.1%
9. Columbus: +35.8%
10. New Albany: +32.0%

Top 10 Total YTD Sales Through July
1. Columbus: 6,072
2. Dublin: 480
3. Upper Arlington: 447
4. Clintonville: 423
5. Westerville: 375
6. Grove City: 363
7. Hilliard: 338
8. Gahanna: 315
9. Reynoldsburg: 310
10. Pickerington: 203

Top 10 YTD Sales Increases Through over July 2012
1. Whitehall: +42.7%
2. Hilliard: +42.0%
3. Bexley: +38.7%
4. Reynoldsburg: +36.6%
5. Pataskala: +35.9%
6. German Village: +34.7%
7. Pickerington: +34.4%
8. Minerva Park: +31.3%
9. Clintonville: +31.0%
10. Westerville: +29.8%

Average Sales July 2013
Urban: 124.7
Suburban: 50.4
Urban without Columbus: 31.7

Average % Change July 2013 vs. July 2012
Urban: +48.3%
Suburban: +35.0%
Urban without Columbus: +54.0%

Average Sales YTD Through July
Urban: 699.1
Suburban: 283.4
Urban without Columbus: 161.8

Average % Change YTD vs. YTD 2012 (Through July)
Urban: +19.7%
Suburban: +28.2%
Urban without Columbus: +18.8%

Top 10 Average Sales Price
1. New Albany: $563,891
2. Upper Arlington: $389,264
3. Bexley: $370,056
4. Dublin: $350,545
5. Downtown: $329,266
6. German Village: $325,721
7. Worthington: $272,706
8. Grandview Heights: $254,470
9. Hilliard: $240,506
10. Westerville: $209,706

Top 10 Average Sales Price % Increases vs. July 2012
1. Upper Arlington: +22.3%
2. Hilliard: +18.7%
3. Grandview Heights: +13.1%
4. Downtown: +12.5%
5. Pickerington: +12.4%
6. Pataskala: +11.6%
7. Canal Winchester: +11.3%
8. Worthington: +7.5%
9. Dublin: +6.7%
10. Columbus: +6.5%

Top 10 Average Sales Price YTD
1. New Albany: $545,545
2. Upper Arlington: $355,993
3. Bexley: $347,920
4. Dublin: $333,285
5. German Village: $310,179
6. Downtown: $285,807
7. Worthington: $243,009
8. Grandview Heights: $219,100
9. Hilliard: $218,104
10. Gahanna: $202,527

Top 10 Average YTD Sales Price % Change vs. YTD 2012
1. Whitehall: +33.5%
2. Downtown: +18.6%
3. Gahanna: +13.8%
4. Minerva Park: +13.0%
5. Upper Arlington: +12.4%
6. Reynoldsburg: +9.9%
7. New Albany: +9.1%
8. Hilliard: +5.5%
9. Gahanna: 5.0%
10. Canal Winchester: +4.9%

Average Price July 2013
Urban: $230,605
Suburban: $236,871
Urban without Columbus: $239,388

Average Price % Change vs. July 2012
Urban: +1.8%
Suburban: +6.3%
Urban without Columbus: +1.3%

Average Price YTD
Urban: $214,207
Suburban: $223,511
Urban without Columbus: $223,053

Average Price % Change YTD vs. YTD 2012
Urban: +6.3%
Suburban: +5.0%
Urban without Columbus: +6.6%

Top 10 Fastest Selling Markets July 2013 (based on # of Days listings sell)
1. Grandview Heights: 9
2. Obetz: 9
3. Hilliard: 25
4. Worthington: 26
5. Upper Arlington: 29
6. Bexley: 31
7. Westerville: 38
8. Reynoldsburg: 40
9. New Albany: 42
10. Clintonville: 44

Top 10 Fastest Selling Markets YTD
1. Worthington: 36
2. Grandview Heights: 47
3. Upper Arlington: 47
4. Clintonville: 56
5. Westerville: 56
6. Hilliard: 58
7. Dublin: 59
8. New Albany: 60
9. Gahanna: 62
10. Pataskala: 62

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.