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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.



Housing Market Update February 2021

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housing market update February 2021 Columbus, Ohio

Just a week ago, I wrote about the Columbus housing market and how it was performing the past year. I used to do reports like that often, but hadn’t in years. Due to the overwhelmingly positive article response, I have decided to restart these monthly reports. Given the current state of the housing market, such information may be helpful to prospective homebuyers.

These new reports will be a bit more condensed than the one from last week. I will not list every location for every statistic as I did last week. Instead, I will still attempt to offer a general comparative view of the different markets within the region.

So let’s go!

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 February 2021
1. New Albany: $657,450
2. New Albany Plain LSD: $580,500
3. German Village: $569,500
4. Bexley: $517,000
5. Dublin: $502,500
6. Upper Arlington CSD: $450,000
7. Olentangy LSD: $434,900
8. Powell: $434,900
9. Granville CSD: $387,450
10. Worthington: $380,000
11. Buckeye Valley LSD: $378,240
12. Dublin CSD: $$360,000
13. Grandview Heights: $355,200
14. Short North: $350,000
15. Big Walnut LSD: $348,730

New Albany and some of the more urban suburbs and neighborhoods continue to be near the top of the pack in terms of price.

Top 15 Least Expensive Locations by Median Sales Price in February 2021
1. Valleyview: $129,850
2. Whitehall: $133,000
3. Newark CSD: $145,000
4. Lancaster CSD: $162,000
5. Hamilton LSD: $170,500
6. Groveport Madison LSD: $186,750
7. Columbus CSD: $194,750
8. Jefferson LSD: $198,500
9. Columbus: $210,000
10. South-Western CSD: $217,500
11. Circleville CSD: $224,000
12. Reynoldsburg CSD: $230,000
13. London CSD: $239,900
14. Obetz: $242,363
15. Blacklick: $245,000

Most of these places are outer suburbs outside of Franklin County or smaller locations that are less known or considered less desirable.

Overall Market Median Sales Price in February 2021: $225,500

Top 15 Locations with the Highest Median Sales Price % Growth Between February 2020 and February 2021
1. Valleyview: +93.8% (Based on just 1 sale)
2. Circleville CSD: +79.2%
3. Buckeye Valley LSD: +71.9%
4. Sunbury: +71.4%
5. Jefferson LSD: +52.8%
6. Reynoldsburg CSD: +44.9%
7. Worthington: +38.2%
8. German Village: +36.1%
9. Obetz: +31.2%
10. Marysville CSD: +29.9%
11. Dublin: +27.8%
12. London CSD: +26.3%
13. Olentangy LSK: +25.0%
14. Pataskala: +25.0%
15. Bexley: +22.7%

Top 15 Locations with the Lowest Median Sales Price % Growth Between February 2020 and February 2021
1. Granville CSD: -7.5%
2. Downtown Columbus: -6.6%
3. Jonathan Alder LSD: -4.5%
4. Grandview Heights: -4.0%
5. Powell: -4.0%
6. Minerva Park: -2.1%
7. Westerville: -0.8%
8. Pickerington: -0.7%
9. Canal Winchester CSD: -0.2%
10. Teays Valley LSD: 0.0%
11. Short North: +0.2%
12. Hamilton LSD: +0.3%
13. Beechwold/Clintonville: +1.3%
14. Pickerington LSD: +1.5%
15. Westerville CSD: +4.0%

Overall Market Median Sales Price % Change February 2021 vs. February 2020: +7.4%

Top 10 Locations with the Most New Listings in February 2021
1. Columbus: 830
2. Columbus CSD: 540
3. South-Western CSD: 135
4. Hilliard CSD: 102
5. Olentangy LSD: 91
6. Westerville CSD: 80
7. Dublin CSD: 73
8. Grove City: 65
9. Gahanna Jefferson CSD: 63
10. Pickerington LSD: 58

Top 10 Locations with the Fewest New Listings in February 2021
1. Valleyview: 0
2. Lithopolis: 1
3. Minerva Park: 1
4. Jonathan Alder LSD: 3
5. Jefferson LSD: 5
6. Sunbury: 5
7. Grandview Heights: 6
8. Obetz: 9
9. Worthington: 10
10. Hamilton LSD: 10
11. German Village: 10

Total New Listings in the Columbus Metro in February 2021: 1,932
Overall Metro New Listings % Change February 2021 vs February 2020: -25.4%

Top 10 Fastest-Selling Locations by # of Days Homes Remain on the Market Before Sale in February 2021
1. Obetz: 4
2. Gahanna: 8
3. Hamilton LSD: 8
4. Johnstown-Monroe LSD: 8
5. Pickerington: 8
6. Groveport Madison LSD: 9
7. Pickerington LSD: 10
8. Canal Winchester CSD: 11
9. Reynoldsburg CSD: 12
10. Gahanna Jefferson CSD: 13
11. Hilliard: 13
12. Worthington CSD: 13

Top 10 Slowest-Selling Locations by # of Days Homes Remain on the Market Before Sale in February 2021
1. Downtown Columbus: 72
2. Big Walnut LSD: 57
3. New Albany Plain LSD: 52
4. New Albany: 50
5. Grandview Heights: 48
6. Bexley: 44
7. Short North: 41
8. Circleville CSD: 40
9. German Village: 40
10. Dublin: 39
11. Granville CSD: 39

Columbus-area homes are selling at a blistering pace.



# of Days For-Sale Homes Remain on the Market Before Sale Across the Metro Overall: 26

Top 10 Locations with the Greatest % Decline of # of Days on the Market Before Sale February 2021 vs February 2020
1. Obetz: -89.5%
2. Pickerington: -83.7%
3. Pataskala: -82.1%
4. Pickerington LSD: -79.6%
5. Canal Winchester CSD: -78.0%
6. Hamilton LSD: -76.3%
7. Powell: -74.2%
8. Minerva Park: -70.4%
9. Gahanna: -68.0%
10. Groveport Madison LSD: -66.7%

Top 10 Locations with the Lowest % Decline of # of Days on the Market Before Sale February 2021 vs February 2020
1. Grandview Heights: +92.0%
2. Sunbury: +29.4%
3. Short North: +28.1%
4. Circleville CSD: +21.2%
5. Whitehall: +17.9%
6. Downtown Columbus: +16.1%
7. Worthington: +12.5%
8. New Albany Plain LSD: -3.7%
9. Jefferson LSD: -12.5%
10. Lancaster CSD: -18.4%

% Change for the # of Days Homes Remain on the Market Before Sale Across the Metro Overall: -39.5%

All this data can be confusing. Homebuyers must find the goldilocks zone of price, location and availability, and that’s difficult even in the friendliest of markets. Just because a local market may be seeing slower home sales doesn’t mean they’re affordable. Similarly, just because there’s a lot of supply doesn’t mean homes aren’t not selling out faster than they can go onto the market.

Columbus overall continues to have the most supply, but that’s far from the whole story. While the city added 830 new listings in February, only 582 were actually available for sale. This means that hundreds more homes were sold during the month than became available. The number of available homes only continued to shrink. Columbus’ entire supply would’ve sold out in just 18 days had no additional homes come up for sale.

And the thing is, nothing on the horizon indicates this situation will improve anytime soon. It’s not just that demand is drastically outweighing existing supply, though. Developers- when not faced with NIMBYism and zoning issues- are experiencing materials shortages that were exacerbated by the pandemic. Even when developers can build, they don’t always have the raw materials needed for construction. Unfortunately, these problems aren’t going to go away in the near future.

Given all of that, homebuyers have to be smart, they have to be very persistent, and they need to be prepared to spend more than originally planned.

For more information on the local market, go here to the Columbus Realtors site.