Is Downtown Columbus, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Downtown Columbus was a Seller's Market.
Housing Prices in Downtown Columbus, OH
How much do homes in Downtown Columbus, OH cost?
Median Sold Price
$350,000
$318/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Downtown Columbus was $350,000 in April 2024, up 1.4% from last year, and the median price per square foot was $318.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $239K | $250K | +4.6% |
2 Bedrooms | $449K | $515K | +14.7% |
3 Bedrooms | $970K | $1.0M | +4.4% |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | $417K | - | N/A |
Summary: Downtown Columbus housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.6%, 2 bedroom homes increased by 14.7%, 3 bedroom homes increased by 4.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Arena District | $575K | $595K | +3.5% |
Downtown Columbus | $345K | $350K | +1.4% |
Uptown District | $262.9K | $257.9K | -1.9% |
Housing Supply in Downtown Columbus, OH
How many homes are available in Downtown Columbus, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
93 | 106 | +14.0% |
Summary: The Downtown Columbus real estate market had 106 homes for sale in April 2024, a 14.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 30 | 34 | +13.3% |
2 Bedrooms | 51 | 60 | +17.6% |
3 Bedrooms | 11 | 10 | -9.1% |
4 Bedrooms | 0 | 1 | +100.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Downtown Columbus housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.3%, 2 bedroom homes increased by 17.6%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 12 | +33.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Downtown Columbus in April 2024, up by 33.3% month-over-month. Of the 12 sold homes, 58% were sold under asking, 42% were sold at asking, and 0% were sold over asking.
Days on Market for Downtown Columbus, OH
How long does it take to sell a home in Downtown Columbus, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
36 Days | 35 Days | -4.3% |
Summary: Homes in Downtown Columbus had an average of 35 days on market in Apr 2024, down by 4.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Downtown Columbus; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.