Columbus, OH 43224 Real Estate Market Report

ZIP Code: 43224
Report Date: March 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Columbus, OH (ZIP: 43224) stands at $199,900, reflecting a robust market despite the challenges posed by elevated interest rates. The neighborhood has increased up since last year, indicating a positive trend in property values. Although the market remains fundamentally seller-leaning, recent activity suggests a cooling pace compared to previous years, with buyers experiencing slight negotiating leverage due to affordability challenges.

Inventory conditions reveal elevated inventory levels, with a notable gap between active listings and sold properties, indicating excess supply relative to sales activity. The median days on market is 203, suggesting a slower sales velocity, which may indicate a shift in buyer sentiment as they navigate the current economic landscape. Overall, the market temperature is classified as hot, driven by strong local economic factors such as Ohio State University and significant tech investments, yet tempered by the pressures of elevated interest rates.

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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 Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Columbus OH 43224 average around 6.375% to 6.67%, which is slightly lower than or comparable to typical 2026 origination rates, presenting a marginal refinancing opportunity or stability.

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 $199,900 indicates a strong market performance, reflecting buyer willingness to invest despite economic pressures.

2. With a median days on market of 203, the market is experiencing slower sales velocity, suggesting potential pricing friction for sellers.

3. The median listing price of $189,000 shows a notable gap compared to the sold price, indicating that sellers may need to adjust expectations to align with buyer sentiment.

4. The median market rent of $1,426 is up, indicating increasing demand for rental properties, which may influence buyer decisions in the market.

5. Current interest rate pressure is elevated, impacting affordability and potentially slowing buyer activity in the near term.

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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.