Columbus, OH 43223 Real Estate Market Report

ZIP Code: 43223
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

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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.

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Key Findings

1. The primary market-value signal is the median sold price of $166,000, which represents recent transaction activity and suggests a measured appreciation trajectory for the neighborhood; use this figure as the main comparator for valuations and underwriting assumptions.

2. There is a visible gap between the median listing price of $174,950 and the median sold price, which may indicate pricing friction where seller expectations sit above recent transactions and could require concessions or marketing time to close.

3. Liquidity appears slow based on the median days on market of 270, which points to extended time-to-contract and suggests slower sales velocity relative to faster-moving segments — plan for longer holding periods when modeling transactions.

4. Market context is mixed: the price year-over-year trend is up while the market temperature is neutral, and rent year-over-year trend is up; combined with moderate interest rate pressure this suggests cautious upward price momentum but a balanced near-term outlook for buyers and sellers.

5. Supply in the analyzed sample reads as a relatively constrained active supply, which, together with the medians above (price per square foot $140 and median market rent $1,150), implies opportunities for sellers who price to recent solds and for investors focusing on cashflow-stable rental comps — underwrite to sold prices rather than asking prices.

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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 43223 Real Estate Market Report

ZIP Code: 43223
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

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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.

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Key Findings

1. median sold price: 98,500 is the primary indicator of current market value and suggests modest price levels for recent SFR and condo transactions in ZIP 43223; this figure represents the most reliable signal of realized pricing and should guide offer strategies.

2. median days on market: 538 signals a notably slow sales velocity compared with typical local cycles, which may indicate pricing friction or buyer selectivity; longer holding timelines suggests sellers should price more competitively or prepare for extended marketing.

3. median price per square foot: 114 combined with the slow sales pace implies limited willingness to pay premiums in this market segment; expect measured negotiation rather than rapid over-bidding on comparable SFR and condo listings.

4. Market context signals are mixed: price year-over-year trend: up and rent year-over-year trend: up point to underlying demand support, while market temperature: neutral and interest rate pressure: moderate imply a balanced environment where pricing gains may continue but at a tempered pace; price momentum exists but is not accelerating into a heated market.

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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.