Columbus, OH 43229 Real Estate Market Report

ZIP Code: 43229
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of February 2026, the real estate market in Columbus, OH (ZIP: 43229) is characterized by a median sold price of $289,900, reflecting a stable market despite some fluctuations. The neighborhood has increased up since 2023, suggesting a resilient demand for housing in the area. The median listing price stands at $296,150, indicating a slight gap between seller expectations and actual transaction values, which may lead to pricing friction as buyers gain more leverage in negotiations.

The market is currently experiencing elevated inventory levels, with a median days on market of 195, indicating slower sales velocity. This extended time frame may suggest a shift towards a more balanced market, as buyers are becoming more selective. The overall market temperature is assessed as neutral, reflecting a period of adjustment where both buyers and sellers are recalibrating their expectations in light of recent trends.

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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

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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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 around 6.00% compared to recent 2026 averages near 5.80%, indicating property owners locked in a slightly more favorable rate.

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 $289,900 indicates a stable market with potential for continued appreciation.

2. With a median listing price of $296,150, there is a notable gap that may create pricing friction in negotiations.

3. The median days on market of 195 suggests slower sales velocity, allowing buyers to be more selective in their choices.

4. The market temperature is currently neutral, indicating a balanced environment for both buyers and sellers.

5. The median market rent of $1,426 reflects a growing demand for rental properties, with rents trending up year-over-year.

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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.