$999,000
1.75 Acres
Land
#224036621, Lawrence G Walker, Listing Office: Encore Real Estate LLC
Is Columbus, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
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 in Columbus, OH
How much do homes in Columbus, OH cost?
Median Sold Price
$279,906
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$11,973(+4.5%)
Key Takeaway
Homes in Columbus have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in Columbus was $279,906 in September 2024, up 4.5% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $188K | $187.5K | -0.3% |
| 2 Bedrooms | $210K | $221.6K | +5.5% |
| 3 Bedrooms | $270K | $279.6K | +3.5% |
| 4 Bedrooms | $351.1K | $380K | +8.2% |
| 5+ Bedrooms | $448.9K | $462.5K | +3.0% |
Summary: Columbus housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.3%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 3%.
Median Sold Price Compared To Nearby Cities
| Grandview Heights | $540K | $659K | +22.0% |
| Clinton Township | $214K | $243.5K | +13.8% |
| Columbus | $267.9K | $279.9K | +4.5% |
| Upper Arlington | $555.1K | $569.8K | +2.7% |
Housing Supply in Columbus, OH
How many homes are available in Columbus, OH?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 620 | 448 | -27.7% |
Summary: The Columbus real estate market had 448 homes for sale in September 2024, a 27.7% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 30 | 27 | -10.0% |
| 2 Bedrooms | 154 | 119 | -22.7% |
| 3 Bedrooms | 284 | 205 | -27.8% |
| 4 Bedrooms | 122 | 75 | -38.5% |
| 5+ Bedrooms | 30 | 22 | -26.7% |
Summary: The Columbus housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes decreased by 22.7%, 3 bedroom homes decreased by 27.8%, 4 bedroom homes decreased by 38.5%, and 5+ bedroom homes decreased by 26.7%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 177 | 76 | -57.1% |
Asking Price vs. Sold Price
47 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Columbus, you may be able to get a good deal. 61.8% of homes here sold below asking price last month.
Summary: A total of 76 homes were sold or pending in Columbus in September 2024, down by 57.1% month-over-month. Of the 76 sold homes, 62% were sold under asking, 21% were sold at asking, and 17% were sold over asking.
Days on Market for Columbus, OH
How long does it take to sell a home in Columbus, OH?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 15 Days | 73 Days | +381.9% |
Summary: Homes in Columbus had an average of 73 days on market in Sep 2024, up by 381.9% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
38 Homes Were Sold
In 30 - 90 Days
27 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Columbus has remained consistent over time.
Summary: During September 2024, 76 homes were sold in Columbus; 14% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
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