Columbus, OH 43227 Real Estate Market Report

ZIP Code: 43227
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the real estate market in Columbus, OH is characterized by a median sold price of $199,450, indicating a stable market with modest price appreciation. This reflects a positive trend as the neighborhood has increased 15% since 2023. The current dynamics suggest a balanced market, with moderate transaction volume and a healthy interaction between buyers and sellers.

The median days on market stands at 265 days, which may indicate slower sales velocity. While there are elevated inventory levels, this does not appear to lead to an oversupply, suggesting that the market is absorbing properties at a steady pace. The median listing price of $198,000 is closely aligned with the sold price, indicating that seller expectations are in line with market realities, contributing to a stable environment for both buyers and sellers.

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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 are averaging 6.639%, which is 0.25% higher than the 2026 average of 6.38%.

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 $199,450 reflects a stable market with positive price trends, having increased 15% since 2023.

2. With a median days on market of 265, the market shows signs of slower sales velocity, which may indicate a need for strategic pricing by sellers.

3. The median listing price of $198,000 is closely aligned with the sold price, suggesting that seller expectations are realistic and market conditions are stable.

4. Elevated inventory levels indicate a balanced market, with properties being absorbed at a moderate pace without leading to an oversupply.

5. The median market rent of $1,426 remains stable, reflecting a consistent rental demand 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.