Columbus, OH 43232 Real Estate Market Report

ZIP Code: 43232
Report Date: March 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of March 2026, the real estate market in Columbus, OH (ZIP: 43232) reflects a median sold price of $215,000, indicating a competitive environment despite a slight year-over-year price decline in this specific area. The neighborhood has decreased 8% since 2022, suggesting a shift in market dynamics that may affect buyer sentiment and seller expectations. The median listing price stands at $205,000, which creates a pricing gap that could indicate potential friction in negotiations as sellers adjust to current market realities.

Market activity shows 260 days on market, pointing to a slower sales velocity and elevated inventory levels relative to sales activity. This environment, characterized by elevated interest rate pressure, may temper buyer affordability, despite ongoing strong local job growth and tech investments. Overall, the market remains hot, but the excess supply relative to sales suggests a need for careful navigation by both buyers and sellers in 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

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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 average around 6.64% APR, which is slightly lower than the 6.67% average seen one week prior in March 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. Median sold price is $215,000, reflecting a competitive market despite recent price adjustments.

2. The neighborhood has decreased 8% since 2022, indicating a shift in market dynamics that may affect buyer sentiment.

3. Median days on market is 260, suggesting slower sales velocity and potential pricing friction for sellers.

4. Median listing price at $205,000 creates a notable gap with sold prices, indicating possible negotiation challenges.

5. The market remains hot, supported by strong local job growth, but elevated interest rate pressure may temper buyer affordability.

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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.