Is Columbus, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Columbus has remained a Seller's Market.
Housing Prices in Columbus, OH
How much do homes in Columbus, OH cost?
Median Sold Price
$278,846
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Columbus was $278,846 in March 2024, up 7.3% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $189.9K | $192.5K | +1.4% |
2 Bedrooms | $200.3K | $220K | +9.8% |
3 Bedrooms | $264K | $278.1K | +5.3% |
4 Bedrooms | $334.7K | $374.9K | +12.0% |
5+ Bedrooms | $370K | $475.5K | +28.5% |
Summary: Columbus housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.4%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 28.5%.
Median Sold Price Compared To Nearby Cities
Upper Arlington | $533K | $573.3K | +7.6% |
Columbus | $259.8K | $278.8K | +7.3% |
Grandview Heights | $525K | $556.4K | +6.0% |
Clinton Township | $242K | $214K | -11.6% |
Housing Supply in Columbus, OH
How many homes are available in Columbus, OH?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3,542 | 3,759 | +6.1% |
Summary: The Columbus real estate market had 3,759 homes for sale in March 2024, a 6.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 111 | 123 | +10.8% |
2 Bedrooms | 864 | 927 | +7.3% |
3 Bedrooms | 1,732 | 1,813 | +4.7% |
4 Bedrooms | 696 | 742 | +6.6% |
5+ Bedrooms | 139 | 154 | +10.8% |
Summary: The Columbus housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10.8%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 10.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
779 | 832 | +6.8% |
Asking Price vs. Sold Price
291 Homes Were Sold
Under Asking
158 Homes Were Sold
At Asking
383 Homes Were Sold
Over Asking
Summary: A total of 832 homes were sold or pending in Columbus in March 2024, up by 6.8% month-over-month. Of the 832 sold homes, 35% were sold under asking, 19% were sold at asking, and 46% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
30 Days | 25 Days | -18.1% |
Summary: Homes in Columbus had an average of 25 days on market in Mar 2024, down by 18.1% compared to last year.
Breakdown of Home Sale Times
650 Homes Were Sold
Under 30 Days
120 Homes Were Sold
In 30 - 90 Days
62 Homes Were Sold
Over 90 Days
Summary: During March 2024, 832 homes were sold in Columbus; 78% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.