Columbus, OH 43223 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

Key Findings

1. The neighborhood's median sold price is 118,500, which serves as the primary indicator of market value and recent transaction activity; with the market temperature described as neutral, this median sold price suggests a stabilizing market rather than pronounced appreciation or decline.
2. A notable gap between the median listing price (170,000) and the median sold price (118,500) indicates potential pricing friction and seller expectations above recent transaction levels, which may signal the need for more competitive pricing to align listings with realized sale values; this appears as pricing friction.
3. The median days on market is 270, consistent with slower sales velocity and extended marketing timelines; coupled with the reported sample context of relatively constrained active supply, this suggests more deliberate buyer decision-making and slower transaction volume.
4. Rental and price momentum show positive signals: rent year-over-year trend is up with a median market rent of 1,195, and price year-over-year trend is up with a median price per square foot of 139; however, interest rate pressure is moderate, which may act as a headwind to accelerating transaction activity and should be monitored as moderate interest rate pressure.

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.