How did the Columbus Ohio Real Estate Market Perform in January, 2021?

How did the  real estate market perform here in Columbus? We did the research! Find out below. 👇

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

Watch Below for the Summary Video:

Welcome to our Columbus real estate market update for February 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

After a record year for home sales in 2020, central Ohio housing activity continued its frenzied pace coming into 2021.

There were 1,926 home sales in January, up 10.4 percent from last year (1,745). Although homes in contract were 4.8 percent lower than January 2020, those 2,573 homes should close in the next 30-60 days pushing sales higher as we move into the spring months.

The number of homes added to the market (New Listings) last month was up 19.8 percent from December 2020. Although down 9.1 from last year, this number is in keeping with the number of new listings seen in January for the last few years according to the Columbus REALTORS® Multiple Listing Service.  

It’s well known that there are not enough homes for sale to meet demand; however, it’s not because we have fewer Columbus, Ohio homeowners listing their homes. Instead, the demand for Columbus, Ohio homes has increased over 50%.

About ten years ago, we were selling just under 50% of new inventory. In 2020, we were selling 93% of new inventory! Increasingly, people want to buy homes in central Ohio.

As a result, homes continue to sell quickly, an average of 25 days in January 2021.

Homes under $350,000 sold in an average of 20 days. Homes sold between $350,000 and $500,000 took about 36 days to sell. Homes sold between $500,000 and $700,000 sold in an average of 48 days and homes over $700,000 took an average of 79 days to sell.

Higher end home sales, which normally slow after a recession showed great resilience in 2020.

  • Homes sold between $350,000 and $500,000 accounted for 14 percent of the sales in 2020, up just over 23% from last year.
  • 5% of all homes sold in 2020 sold for $500,000 to $700,000, an increase of 28.2%.
  • And homes over $700,000, roughly two percent of the total homes sold this year, are showing an increase in market share of 25 percent.
  • Listings under $350,000, which made up almost 80% of the sales in 2020, were down 5 percent from last year.

It’s probably safe to say that we had far more homes available at higher price segments.  The supply of homes at more affordable prices, however, is in a remarkably short supply.

After the first month of 2021, central Ohio was showing a 0.6 months supply. This means that, if no more inventory were added to the market, it would just over a couple weeks to sell all listed homes based on the current sales pace.

Central Ohio Homes for Sale & Listings

🏘 There were 3,445 homes for sale in January 2021 🏘


The Average Price per Square Foot in Columbus

💲 The Average Price per square foot in January 2021 was $146.95  💲

💲 This price is  more than $20 per square feet 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 25 days in January 2021 🏡

💲 Columbus Ohio Home Prices 💲

💲 The average sale price for these listings was  $263,455 (up 10.4% from last year) 

💲  The median sale price for these listings was  $225,000 (up 11.4% 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 January 2021 Housing Report: At a Glance


Average sales prices are up 15% 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. All in all, the Columbus real estate market in January 2021 was red hot.

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 2021.

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

The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Van Steyn Partners does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Van Steyn Partners will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.

Any Questions?

Contact Us

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.

Any Questions?

Contact Us

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.


Address: 450 W Wilson Bridge Rd, Worthington, OH 43085

Get Your Free Guide

Simply complete the form below, and we'll send you your free guide ASAP. 👇

Send us a message, and we'll be happy to help in any way we can.

Any Questions?

Send us a message, and we'll be happy to help in any way we can.