Columbus, OH 43232 Real Estate Market Report

ZIP Code: 43232
Report Date: February 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: 43232) stands at $225,000, reflecting a resilient market with modest price appreciation. The market has shown an upward trend, with prices generally moving up year-over-year, indicating a strengthening demand despite slightly longer selling times. The median days on market is currently 188 days, suggesting a slower sales velocity that may indicate pricing friction as buyers adjust to market expectations.

Inventory levels are characterized by elevated supply relative to sales activity, which may contribute to the extended time properties spend on the market. The median listing price is $232,000, which presents a notable gap compared to the median sold price, potentially signaling seller expectations that are not fully aligned with current buyer sentiment. Overall, the market remains hot, supported by strong local economic fundamentals, even as rental rates are experiencing slight declines due to new supply.

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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 the Columbus OH 43232 area around 5.875% are slightly lower than the 6.09% average reported for the week ending February 12, 2026.

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 $225,000 indicates a resilient market with modest appreciation.

2. Properties are spending an average of 188 days on market, reflecting slower sales velocity and potential pricing friction.

3. The median listing price of $232,000 suggests a gap between seller expectations and buyer willingness, indicating possible negotiation opportunities.

4. The market temperature is classified as hot, suggesting strong demand dynamics despite longer selling times.

5. Rental rates are experiencing a slight decline, with the median market rent at $1,426, indicating a shift in rental market conditions.

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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.