Is Columbus, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Columbus is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, Columbus has remained a Seller's Market.

Key Takeaway

Columbus is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Columbus, OH cost?

Median Sold Price

$249,811

$166/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$25,561(+11.4%)

Key Takeaway

Homes in Columbus have sold for 11.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $172K$190K
+10.5%
2 $173.1K$195.4K
+12.9%
3 $229.8K$253.2K
+10.2%
4 $284.9K$320.2K
+12.4%
5+ $320K$347.5K
+8.6%

Median Sold Price Compared To Nearby Cities

Clinton Township
+29.7%
Upper Arlington
+12.9%
Columbus
+11.4%
Grandview Heights
-0.9%

How many homes are available in Columbus, OH?

Number of Homes For Sale

Aug 2022Sep 2022%
3,0592,990-2.3%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 6556
-13.8%
2 803740
-7.8%
3 1,5721,569
-0.2%
4 561558
-0.5%
5+ 5867
+15.5%

Number of Homes Sold

Aug 2022Sep 2022%
1,035902-12.9%

Asking Price vs. Sold Price

291 Homes Were Sold
Under Asking

185 Homes Were Sold
At Asking

426 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Columbus, you could pay more than the asking price. 47.2% of homes here sold above asking price last month.

Average Sale Time

Sep 2021Sep 2022%
10 Days16 Days+54.8%

Breakdown of Home Sale Times

751 Homes Were Sold
Under 30 Days

126 Homes Were Sold
In 30 - 90 Days

25 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Columbus are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Columbus, OH

Columbus, OH has 2,990 homes on the market. The number of listings in Columbus, OH decreased by 2.3% between August 2022 and September 2022. In September 2022, listings were on the market for 16 days. During the same period, the median list price in this real estate market was $249,811. Between August 2022 and September 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 10.5%, the cost of 2 bedrooms properties went up by 12.9%, prices of 3 bedrooms properties increased by 10.2%, prices of 4 bedrooms properties increased by 12.4%, prices of 5 bedrooms properties went up by 8.6%. This housing market inventory have changed: number of 1 bedroom homes decreased by 13.8%, 2 bedrooms homes inventory decreased by 7.8%, the quantity of 3 bedrooms homes went down by 0.2%, volume of 4 bedrooms homes went down by 0.5%, the quantity of 5 bedrooms homes went up by 15.5%. In September 2022 more than 426 listings in Columbus, OH were sold above the asking price. During the same period more than 185 listings were sold at asking price, while more than 291 were sold below.

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