Is Columbus, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
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.
Housing Prices
How much do homes in Columbus, OH cost?
Median Sold Price
$265,010
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
Homes in Columbus have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in Columbus was $265,010 in August 2023, up 7.7% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $184.9K | $195K | +5.5% |
| 2 Bedrooms | $193.6K | $209.5K | +8.2% |
| 3 Bedrooms | $250.1K | $268.6K | +7.4% |
| 4 Bedrooms | $319.3K | $349.5K | +9.4% |
| 5+ Bedrooms | $350K | $445K | +27.1% |
Summary: Columbus housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 5.5%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 27.1%.
Median Sold Price Compared To Nearby Cities
| Clinton Township | $190K | $231.7K | +22.0% |
| Columbus | $245.9K | $265K | +7.7% |
| Grandview Heights | $470K | $505K | +7.4% |
| Upper Arlington | $527.1K | $550.2K | +4.4% |
Housing Supply
How many homes are available in Columbus, OH?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 3,351 | 3,536 | +5.5% |
Summary: The Columbus real estate market had 3,536 homes for sale in August 2023, a 5.5% increase compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 77 | 96 | +24.7% |
| 2 Bedrooms | 742 | 836 | +12.7% |
| 3 Bedrooms | 1,709 | 1,784 | +4.4% |
| 4 Bedrooms | 704 | 706 | 0.3% |
| 5+ Bedrooms | 119 | 114 | -4.2% |
Summary: The Columbus housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 24.7%, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes decreased by 4.2%.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 1,007 | 1,074 | +6.7% |
Asking Price vs. Sold Price
305 Homes Were Sold
Under Asking
194 Homes Were Sold
At Asking
575 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Columbus, you could pay more than the asking price. 53.5% of homes here sold above asking price last month.
Summary: A total of 1,074 homes were sold or pending in Columbus in August 2023, up by 6.7% month-over-month. Of the 1,074 sold homes, 28% were sold under asking, 18% were sold at asking, and 54% were sold over asking.
Days on Market
How long does it take to sell a home in Columbus, OH?
Average Sale Time
| Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|
| 12 Days | 13 Days | +4.9% |
Summary: Homes in Columbus had an average of 13 days on market in Aug 2023, up by 4.9% compared to last year.
Breakdown of Home Sale Times
954 Homes Were Sold
Under 30 Days
100 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Columbus are selling fast, if you're buying plan to act quickly.
Summary: During August 2023, 1074 homes were sold in Columbus; 89% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. 
This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are marked with the BR logo and detailed information about them includes the name of the listing brokers. Information Deemed Reliable But Not Guaranteed. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2023 DABR MLS. All Rights Reserved
Copyright 2023 - Yes Multiple Listing Service, Inc. All Rights Reserved. Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES MLS/NEOHREX/CRISMLS. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.
This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Real estate listings held by other brokerage firms are marked with the BR logo and detailed information about them includes the name of the listing brokers. Copyright ©2023 by the Multiple Listing Service of Greater Cincinnati, Inc. All rights reserved. For the most current information, contact your Broker.
The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the NORIS MLS. Real estate listings held by brokerage firms other than this brokerage are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. This broker participates in Northwest Ohio Real Estate Information Systems, Inc. Broker Reciprocity program, allowing us to display other broker’s listings on our site.