Columbus, OH 43223 Real Estate Market Report

ZIP Code: 43223
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The current market in Columbus, OH (ZIP: 43223) reflects a median sold price of $189,000, indicating a stable transaction environment amidst rising inventory levels. Although the market has shown signs of flattening, with the price year-over-year trend described as flat, the local economy continues to grow, supported by a sustained influx of residents. This suggests a potential for future price stabilization as the market adjusts to increased supply and moderate sales activity.

With 195 median days on market, properties are taking longer to sell, which may indicate a shift towards a more balanced market. The median listing price stands at $196,999.50, creating a notable gap between asking and selling prices. This pricing friction may reflect seller expectations that are not fully aligned with current buyer sentiment, particularly in a market characterized by elevated inventory levels and neutral market temperature.

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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 in Columbus OH at 6.12% are slightly higher than the 6.09% average seen nationally in early February 2026, indicating property owners locked in a marginally better rate recently.

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 $189,000 suggests a stable market despite recent fluctuations in pricing.

2. With 195 median days on market, properties are experiencing slower sales velocity, indicating potential buyer hesitance.

3. The median listing price of $196,999.50 shows a significant gap compared to the sold price, reflecting pricing friction in the market.

4. Elevated inventory levels relative to sales activity indicate excess supply, which may pressure future pricing.

5. The median market rent of $1,426 is rising, suggesting a growing demand for rental properties in the area.

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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.