Columbus, OH 43203 Real Estate Market Report

ZIP Code: 43203
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Columbus, OH are 6.4% compared to 6.2% when typical loans in this area originated in early 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The primary market indicator is the $227,500 median sold price, which represents recent transaction-level market value and suggests modest appreciation consistent with the reported price year-over-year trend being up.

2. The market shows a notable spread between the $299,900 median listing price and the $227,500 median sold price, which may indicate pricing friction and seller expectation gaps that could prolong negotiations or require pricing adjustments.

3. The 342 median days on market signals slower sales velocity and reduced liquidity compared with faster-turning markets, which may indicate softening in transaction tempo and suggests sellers should consider price or condition concessions to accelerate deals.

4. Rental context: the $1,195 median market rent is rising alongside rents year-over-year being up, while the overall market temperature is neutral and interest rate pressure is moderate—together these factors suggest balanced conditions where investors and owner-occupiers should underwrite conservatively and monitor financing costs closely.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Columbus, OH 43203 Real Estate Market Report

ZIP Code: 43203
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Columbus, OH are 6.4% compared to 6.2% when typical loans in this area originated in early 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The primary market-value signal is the median sold price 264,950, which anchors recent transaction activity; the gap versus the median listing price 221,000 suggests pricing friction between asks and closed sales that sellers and buyer agents should explicitly address in offers and counteroffers.

2. The median days on market 419 signals slower sales velocity, which may indicate that buyers can take more time to negotiate contingencies and that sellers should expect longer marketing periods before an accepted offer.

3. Market balance appears neutral (market temperature: neutral) with relatively constrained active supply in the analyzed sample, which suggests liquidity is steady but not frictionless; use the median price per square foot 166 and the median market rent 1,260 to benchmark value when evaluating comps for both single-family and condominium listings.

4. Interest rate pressure is moderate and current mortgage pricing context (30-year fixed at 6.4% vs. 6.2% on earlier originations) creates headwinds for affordability; factor this into pricing strategy and buyer qualification expectations to avoid extended time on market.

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Notable Properties

The following 5 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.