Columbus, OH 43203 Real Estate Market Report

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.

Market Metrics

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.

Rental Market

Property Taxes

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.

Market Trends & Context

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

Key Findings

1. median sold price: 125,500 — Recent transaction pricing centers around this value, which should be treated as the primary market signal for valuation and underwriting; given the wide gap versus the median listing price, sellers may need to align expectations to achieve timely closings. balanced to slightly seller-leaning
2. median days on market: 400 — Extended days on market point to slower sales velocity; this suggests buyers are more selective and financing or pricing friction may be prolonging transactions, so sellers and listing agents should prioritize targeted marketing and condition/price adjustments to reduce time to contract.
3. median price per square foot: 142 — This per-square-foot benchmark provides a consistent basis for comparing comps and guiding price adjustments; use it for quick screening of offers and renovation ROI scenarios rather than relying solely on listing price spreads.
4. interest rate pressure: elevated and property rate comparison: Current 30-year fixed mortgage rates averaging 6.63% — Elevated rate pressure is constraining affordability and pushing buyers toward more conservative bids; consider offering rate-buydown incentives, seller concessions, or flexible financing conversations to preserve buyer pool while pricing remains supported by recent solds.

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.