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

The median sold price in Columbus, OH (ZIP: 43229) stands at $289,900, reflecting a stable market despite recent fluctuations. The neighborhood has increased 8% since 2023, indicating a positive trend in property values. However, the market is experiencing a median days on market of 203, suggesting a slower sales velocity and providing buyers with more negotiation power.

Inventory levels appear elevated, with a notable discrepancy between active listings and sold properties, leading to excess supply relative to sales activity. This dynamic may indicate a shift towards a more balanced market, although local economic fundamentals remain supportive, suggesting continued growth in the long term. Buyers may find opportunities for negotiation, while sellers may need to adjust expectations based on this evolving landscape.

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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 at 5.875% are 1.215% lower than the 2026 historical average of 7.09% for property owners in this market.

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 suggests a stable market with positive appreciation trends.

2. With a median days on market of 203, properties are taking longer to sell, indicating a slower sales velocity.

3. The median listing price of $299,900 shows a notable gap compared to the sold price, reflecting potential pricing friction for sellers.

4. The median market rent is $1,426, indicating a strong rental demand that supports overall market stability.

5. The market temperature is currently neutral, suggesting balanced conditions between buyers and sellers.

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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.