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The average Columbus home value is $312,008, up 3.8% over the past year and goes to pending in around 7 days. What is the Zillow Home Values Index? Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.
The Columbus housing market is very competitive. Homes in Columbus receive 4 offers on average and sell in around 39 days. The median sale price of a home in Columbus was $291K last month, up 4.7% since last year. The median sale price per square foot in Columbus is $188, up 4.1% since last year. Trends.
Summary: During September 2024, 76 homes were sold in Columbus; 14% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days. Report Updated 14 Days Ago. Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS. Report Updated 14 Days Ago.
Jan 31, 2024 · Over the last several years, median home prices in Columbus have skyrocketed, but the pace has slowed over the past year. As of September 2023, Redfin data shows that the median home price was $330,000 in Columbus – a 6.5% year-over-year increase. Nationwide, the median home price was $412,000.
- How Is The Columbus Housing Market Doing in 2024?
- Columbus Ohio Housing Market Forecast 2024
- Should You Invest in The Columbus Real Estate Market?
A Thriving Market with Strong Foundations
Columbus, Ohio, has seen a significant evolution in its housing market recently, driven largely by a balanced mix of demand and supply. According to recent reports, Columbus is poised to remain a highly sought-after location for prospective homeowners in 2024. The market's growth is fueled by strong job prospects, a relatively low cost of living, and an increasing population—a trifecta that keeps driving real estate activity. As of June 2024, the median home price in Columbus has risen to $29...
Price Trends: What Buyers Need to Know
In the current year, the Columbus housing market is still experiencing a seller's advantage. Homes are selling quickly, averaging just 35 dayson the market, a reflection of the strong interest among buyers. In fact, listings have been reported to be low compared to the demand, leading to intensified competition. The Columbus Realtorsreport indicates that while single-family housing permits may decline slightly, access to comprehensive inventory remains tight, suggesting a sustained challenge...
Economic Indicators and Future Outlook
Looking ahead, analysts remain optimistic about the Columbus housing market. Market experts anticipate that home prices will continue to increase, albeit at a moderated pace. With interest rates stabilizing—down from highs earlier in the year—more buyers may feel encouraged to enter the market. The anticipated increase in wages and employment opportunities within the region further bolsters this optimism. Furthermore, Columbus is expected to witness a significant influx of new residents. A mi...
With an average home value currently at $247,042, reflecting a 5.9%increase over the past year, the market is heating up, characterized by quick sales and competitive pricing. Let's delve deeper into what factors are influencing these trends and what we can expect in the near future. As of late June 2024, the housing market data reveals several cri...
Columbus, Ohio, is one of the fastest-growing cities in the Midwest, with a population of over 900,000. The city's real estate market has been on an upward trajectory in recent years, with home prices and rental rates rising steadily. This makes it an attractive destination for real estate investors looking for a stable and profitable investment. I...
Aug 31, 2022 · The average sale price rose from $313,737 in July 2021 to $346,359, a 10.4% increase. In addition, homes were for sale much longer in July compared with last year. Central Ohio homes took an ...
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A Zestimate is Zillow’s estimated market value for a home, computed using a proprietary formula including public and user-submitted data, such as details about a home (bedrooms, bathrooms, home age, etc.), location, property tax assessment information and sales histories of the subject home as well as other homes that have recently sold in the area.
