Columbus, OH 43228 Real Estate Market Report

ZIP Code: 43228
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 $243,000, which represents the most reliable indicator of recent transaction activity in the neighborhood and suggests moderate appreciation given the broader price trend; up year-over-year.

2. There is a noticeable pricing gap between the median listing price $259,900 and the median sold price, which may indicate seller pricing optimism or listing-to-sale negotiation pressure and suggests pricing friction between asking and achieved prices.

3. Sales velocity appears slow relative to typical market turnover, as reflected by the median days on market 235, which may indicate longer marketing periods and slower transaction velocity rather than immediate bidding-driven sales.

4. Market balance signals are mixed: the market temperature is neutral, interest rate pressure is moderate, and rent momentum is positive with median market rent $1,300 and rent year-over-year trend up, implying continued rental demand even as sales pace moderates.

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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 43228 Real Estate Market Report

ZIP Code: 43228
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. The primary indicator of market value is the median sold price of $179,900, which represents the most reliable signal of recent transaction prices in the ZIP code and should be the baseline for valuation conversations; representative recent sale.

2. There is a notable gap between the median listing price of $209,900 and the median sold price of $179,900, which suggests pricing friction where seller expectations exceed recent transaction levels and may require negotiation or price adjustments to achieve contracts; pricing gap.

3. The median days on market of 441 indicates materially slower sales velocity in the sample and implies extended time-to-contract even as the market shows signs of stabilization; this slower turnover suggests liquidity is constrained and sellers should expect longer marketing periods; slower sales velocity.

4. Market context shows the price year-over-year trend is up while the market temperature is neutral and interest rate pressure is moderate, indicating cautious upward pricing pressure but an overall balanced market dynamic that warrants conservative pricing strategies and close monitoring of rates; up.

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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.