Columbus, OH 43232 Real Estate Market Report

ZIP Code: 43232
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. $220,000 median sold price is the best indicator of current market value and recent transaction activity in ZIP 43232; it signals that recent closed transactions center near this level while the median listing price of $222,450 suggests limited divergence between asking and achieved prices.

2. Liquidity appears constrained despite long marketing periods: the median days on market is 260, which may indicate slower sales velocity and pricing friction even though sale prices remain close to list levels.

3. Price momentum is positive at the moment: the broader pricing trend shows prices are up year-over-year, while the median price per square foot of $189 provides a stable unit-value benchmark for comparing SFR and condo options in the neighborhood.

4. Rental fundamentals are supportive for investors: the median market rent is $1,399 and rent trends are up, but moderate interest rate pressure suggests cautious underwriting is prudent when assessing financing sensitivity.

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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 43232 Real Estate Market Report

ZIP Code: 43232
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 $135,000 median sold price, which represents the most recent transaction-level signal for the neighborhood and should be treated as the representative recent sale benchmark.

2. Despite the positive price trajectory (up), the market shows a relatively constrained active supply in the analyzed sample and a long median days on market of 296, which suggests slower sales velocity and potential pricing friction for sellers attempting quick turnarounds.

3. Pricing per unit area remains moderate with a median price per square foot of 130, supporting the observation that recent sales are occurring at modest per-square-foot levels while rent fundamentals are strengthening with a median market rent of 1,049 and a rent trend up.

4. Overall market balance reads as neutral (neutral market temperature) with moderate interest rate pressure; combined with the up price year-over-year trend, this suggests sellers may capture modest gains but should expect extended time on market relative to faster-moving submarkets.

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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.