Columbus, OH 43203 Real Estate Market Report

ZIP Code: 43203
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of February 2026, the real estate market in Columbus, OH (ZIP: 43203) is characterized by a median sold price of $247,450, reflecting a stable market environment. The neighborhood has increased 15% since 2023, indicating a positive trend in property values. Despite this upward movement in sold prices, the market is experiencing median days on market of 245, suggesting a slower sales velocity and providing buyers with more options and leverage in negotiations.

The current market conditions show elevated inventory levels, with a notable gap between the median listing price of $319,950 and the median sold price. This discrepancy may indicate pricing friction as sellers adjust their expectations to align with market realities. Overall, while the market still slightly favors sellers, the increasing inventory and longer days on market suggest a transition toward a more balanced state, allowing buyers to explore their options more freely.

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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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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 at 5.875% are slightly below the projected 2026 average of 6.09%, presenting a minor cost advantage for property owners securing new financing now.

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 median sold price of $247,450 reflects a strong upward trend, having increased 15% since 2023, indicating a robust market.

2. With median days on market at 245, the market is experiencing slower sales velocity, allowing buyers to have more negotiating power.

3. The median listing price of $319,950 creates a significant gap compared to the median sold price, suggesting potential pricing friction for sellers.

4. Elevated inventory levels are present, indicating excess supply relative to sales activity, which may lead to a more balanced market.

5. The market temperature remains neutral, suggesting that while conditions are stable, there is no clear advantage for either buyers or sellers.

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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.