Columbus, OH 43204 Real Estate Market Report

ZIP Code: 43204
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Columbus, OH (ZIP: 43204) is $198,750, indicating a stable market with prices showing a flat trend year-over-year. This suggests that while there is a consistent level of transaction activity, there is no significant upward or downward pressure on prices at this time. The market appears to be balancing, with moderate interest rates potentially supporting buyer activity, although the median days on market stands at 148, reflecting a slower sales velocity.

Inventory levels are characterized as elevated, with an excess supply relative to sales activity. This may indicate that while buyers have options, the overall market liquidity remains somewhat constrained. The median listing price of $199,000 is slightly above the median sold price, suggesting that sellers may need to adjust expectations to align with current buyer sentiment and market conditions.

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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

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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 for Columbus OH market are around 5.8% to 6.17% compared to 6.17% to 6.21% last month, indicating a slight cost opportunity for new financing.

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. $198,750 is the median sold price, indicating a stable market with no significant price fluctuations.

2. The median days on market is 148, reflecting a slower sales velocity and potential pricing friction.

3. Inventory levels are elevated, suggesting excess supply relative to sales activity in the market.

4. The median listing price of $199,000 is slightly above the median sold price, indicating potential seller adjustments may be necessary.

5. The median market rent is $1,426, which has shown an up trend year-over-year, suggesting a growing rental demand.

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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.