Gahanna, OH 43230 Real Estate Market Report

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.

Market Metrics

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.

Rental Market

Property Taxes

Liquidity & Velocity

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. median sold price of $395,500 confirms recent transaction values in Gahanna and serves as the primary indicator of market value; this level suggests resilience in realized prices despite modest listing-side movement, so price guidance should prioritize comparables anchored to recent sales rather than asking prices.
2. median listing price of $389,950 remains slightly below the median sold price, which suggests sellers who price competitively may capture offer activity quickly; hot market temperature supports using recent sold comps to set aggressive yet market-reflective pricing.
3. median days on market of 33 indicates a moderate-to-quick sales velocity for comparable SFR and condo inventory and may signal that well-priced properties continue to transact efficiently; monitor for localized pricing friction in segments with slower showings or conditional offers.
4. median price per square foot of $223 and median market rent of $2,100 together provide a cross-check for valuation and investment conversations; given elevated interest rate pressure (current local 30‑year average ~6.75%), underwrite buyer affordability conservatively and prioritize buyers with stable financing when marketing higher price-per-foot listings.

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.