Pickerington, OH 43147 Real Estate Market Report

ZIP Code: 43147
Report Date: May 2026
Market Temperature: HOT
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

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 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 Pickerington, OH are 6.3% compared to the 5.8% average seen earlier in 2026, indicating property owners in this market currently hold more favorable financing terms.

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: 394,950 is the primary indicator of realized market value in Pickerington ZIP 43147, and given the market temperature is hot this level signals strong transaction pricing supported by recent sales activity.

2. median days on market: 225 suggests slower sales velocity relative to a typical hot market; this extended time to contract may indicate pricing friction or buyer caution despite rising prices.

3. median listing price: 513,950 sits above the median sold price and may reflect elevated seller expectations; this gap appears to create tension between ask and realized value, which could prolong negotiation timelines.

4. median price per square foot: 187 combined with upward price and rent year-over-year trends (price up, rent up) and moderate interest rate pressure (moderate) suggests continuing appreciation tailwinds, though financing cost dynamics (current 30-year fixed ~6.3% vs 5.8% earlier in 2026) may temper some buyer urgency.

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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.

Pickerington, OH 43147 Real Estate Market Report

ZIP Code: 43147
Report Date: May 2026
Market Temperature: HOT
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

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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 Pickerington, OH are 6.3% compared to the 5.8% average seen earlier in 2026, indicating property owners in this market currently hold more favorable financing terms.

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 primary market signal is the median sold price of $252,900, which identifies recent transaction levels and underpins pricing expectations; given the broader indicators, this supports a hot market interpretation.

2. The median days on market is 322, signaling notably slower sales velocity despite a hot market temperature; this may indicate pricing friction or that a subset of listings require longer to transact, rather than broad market cooling. slower sales velocity should be considered when setting offer timing and contingency windows.

3. The median price per square foot is $174 alongside a median market rent of $2,580, while both price and rent trends are reported up; this combination suggests continued valuation support for SFR and condominium assets, which may favor sellers who align list pricing with recent sold prices.

4. Interest conditions show current 30-year fixed mortgage rates at 6.3% versus a 5.8% average earlier in 2026, and interest rate pressure is described as moderate; buyers and investors should model financing sensitivity given less favorable current rates compared to earlier in the year, but not extreme rate-related headwinds.

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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.