How did the Columbus Ohio Real Estate Market Perform in June, 2021?
How did the real estate market perform here in Columbus? We did the research! Find out below. 👇
Watch Below for the Summary Video:
Welcome to our Columbus real estate market update for July of 2021. Each month, we analyze the sales data on how the real estate market here performed during the last month. Then, we put the data into a readable and easily understandable format for both our clients and the general public.
If you have any questions about the data in this month’s report, please don’t hesitate to reach out to us. We are always happy to help. You can find our contact information at the bottom of this page.
Table of Contents
A healthy influx of new listings in June resulted in the highest number of homes sold on record during any single month. There were 3,644 homes closed during this busy summer month, which was 15.6 percent higher than last year and 21.3 percent higher than May.
Last year, we average about 3,000 listings each month. Last month, however, 4,359 homes were added to the market for sale. Columbus, Ohio’s motivated buyers certainly appreciated this, as these homes were quickly put under contract! Homes that went into contract in June set another record which, combined with the increase in new listings, suggest strong homes sales in July.
The average price of a home sold in June was $316,207, an increase of 15.8 percent from a year ago. The median sale price was $275,000, an increase of 14,1 percent over June 2020.
Year to date, homes sold during the first six months of 2021 sold at an average of $292,860 which is 15.9 percent ahead of last year. The median sale price of $251,000 is 13.1 percent higher than a year ago during the same period.
Homes under $350,000 sold in an average of 9 days. Homes sold between $350,000 and $500,000 took about 10 days to sell. Homes in the $500,000 to $700,000 price range sold in an average of 19 days, and homes over $700,000 were on the market for an average of 40 days.
For the first half of the year, homes have sold in an average of 18 days. Breaking this down by price range, homes under $350,000 sold in an average of 15 days. Homes priced $350,000 -$500,000 took 20 days. Homes between $500,000 and $700,000 took 30 days to sell and homes over $700,000 sold in an average of 45 days.
Homes under $350,000 have always been in high demand. This year, however, there is also significantly increased interest in higher priced homes. With demand being high across price ranges, most homes are selling more quickly in Columbus, Ohio. For example, ten years ago, it took nearly 100 days to sell a home with a price between $350,000 and $500,000. Just last month, it took only ten days!
Central Ohio Homes for Sale & Listings
There were 2,948 homes for sale in June 2021
The Average Price per Square Foot in Columbus
💲 The Average Price per square foot in June 2021 was $169.48 💲
💲 This price is $16% more expensive compared to the same time last year 💲
Columbus, Ohio: Days on Market
The average real estate listing stayed on the market for just 11 days in June 2021
For reference, this number was 27 the same time last year
💲 Columbus Ohio Home Prices 💲
💲 The average sale price for these listings was $316,207 (up 15.8% from last year)
💲 The median sale price for these listings was $275,000 (up 14.1% from last year)
See the graph below to see how the median sale price has changed, year over year, since 2013 in Columbus 👇
Closed Home Sales vs Homes in Contract in Columbus
New Listings & Single Family Sales in Columbus
Percentage of Original List Price Received
This graph represents what percentage of homes sell for their original list prie
Condo Sales in Central Ohio
The Columbus, OH July 2021 Housing Report: At a Glance
Closed home sales are up 15.6% this year in Columbus compared to the same period last year.
Further, the average sale price, median sale price, and the percentage of people receiving their expected price for their homes during a sale have all increased since last year. By all measures, the Columbus real estate market in June 2020 is still going strong.
If you’d like advice for this challenging real estate market, check out some of our resources below.
How to Sell Your Home Safely in Columbus
If you are planning to sell your home in Columbus, Ohio this year, we recommend watching this short video here, which has some quick tips for selling your home safely in 2020.
How to Buy a Home in Columbus
Click the link below to get our buyer’s guide on how to buy your home in Columbus by getting mortgage ready
If you have any questions, you can contact us via the contact form below | Call us at 614-596-2934 | email us at [email protected] | or contact us via FB Messenger
We’ll be happy to be of service.