RealTrends Market Report

Columbus, OH

Single-Family Homes

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Columbus, OH

Sun Jul 14 2024
This week the median list price for Columbus, OH is $299,999 with the market action index hovering around 59. This is less than last month's market action index of 60. Inventory has increased to 687. Click here to stay informed with the Columbus market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Columbus, OH

Sun Jul 14 2024
This week the median list price for Columbus, OH is $299,999 with the market action index hovering around 59. This is less than last month's market action index of 60. Inventory has increased to 687. Click here to stay informed with the Columbus market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Columbus market.
Median List Price $299,999
Median Price of New Listings $294,900
Per Square Foot $204
Average Days on Market 60
Median Days on Market 28
Price Decreased 45%
Price Increased 2%
Relisted 4%
Inventory 687
Median Rent
Market Action 59
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$699,900 2,612 6,500 - 8,000 sqft 4 2.5 86 29 19 42
$369,000 1,695 6,500 - 8,000 sqft 3 2 74 56 41 21
$254,950 1,356 4,500 - 6,500 sqft 3 1.5 77 47 32 28
$179,900 1,120 4,500 - 6,500 sqft 3 1 90 52 36 28