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

---

Executive Overview

The housing market in Columbus, OH (ZIP: 43204) is currently characterized by a median sold price of $199,900, reflecting a stable market condition. The neighborhood has increased 0% since 2023, indicating a plateau in pricing trends. Despite this stability, the market is experiencing elevated inventory levels, suggesting a shift towards a more balanced environment as buyer activity gradually increases.

With a median days on market of 161, transaction velocity appears slower, which may indicate a cautious buyer sentiment amid ongoing affordability concerns. The median listing price stands at $199,000, closely aligning with the sold price, highlighting a potential equilibrium between seller expectations and market realities. Overall, the market temperature is currently neutral, suggesting that while there is some buyer activity, the balance between supply and demand remains delicate.

---

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

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.

---

Rental Market

---

Property Taxes

---

Liquidity & Velocity

---

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 around 5.875% are 1.27% lower than the 6.87% average seen one year ago, presenting a favorable refinancing comparison for existing owners.

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

---

Key Findings

1. The median sold price of $199,900 indicates stable pricing in the market, reflecting a balance between buyer demand and seller expectations.

2. A median days on market of 161 suggests slower sales velocity, which may indicate a cautious buyer sentiment in the current economic climate.

3. The median listing price of $199,000 is closely aligned with the sold price, indicating minimal pricing friction between sellers and buyers.

4. Elevated inventory levels relative to sales activity may suggest a shift towards a more balanced market, providing opportunities for buyers.

5. Interest rate pressure remains elevated, which could impact buyer affordability and overall market dynamics.

---

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.