Columbus, Ohio started 2024 with a total of 577 single-family homes on the market, with a median home price of $275,000 and an average price per square foot of $203.99. By the end of the year, inventory had increased to 906 homes on the market (+57%), with a median home price of $249,900 (-9%), and an average price per square foot of $201 (-2%).
At the start of 2024, the median days on market (DOM) was 56 days – by the end of the year, median DOM had decreased to 49 days.
Columbus, Ohio started the year with 45.41% 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 50.33% of homes for sale had taken a price cut.
