Top Real Estate Agents in Columbus, Ohio

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2023 Columbus, Ohio Housing Market Summary

Columbus, Ohio started 2023 with a total of 631 single-family homes on the market, with a median home price of $249,900 and an average price per square foot of $201. By the end of the year, inventory had decreased to 627 homes on the market (+0%), with a median home price of $275,000 (+10%) and an average price per square foot of $202 (+0%).

At the start of 2023, the median days on market (DOM) was 56 days – by the end of the year, median DOM had remained the same at 56 days.

Columbus started the year with 49% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 45% of Columbus homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Columbus started 2023 as a strong seller’s market, with an MAI score of 52; by the end of the year, the MAI had rose to 55 – a strong seller’s advantage.

This market summary is powered by Altos Research – click here to run a free report for your area.

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