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How did the Columbus Ohio Real Estate Market Perform in January, 2022?

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 mvansteyn@premier-choice.com | or contact us via our chatbot

Watch Below for the Summary Video:

Welcome to our Columbus real estate market update for February of 2022. 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

Following a record-breaking year, January’s housing activity fell flat as new listings, contracts and home sales dropped below those of 2021.

New listings were up 11 percent in 2021 but ticked down (0.5 percent) in the first month of 2022.

Home sales and contracts dipped 2.8 percent and 0.8 percent, respectively. Even so, home sales were still higher than any other year according to the Columbus REALTORS® Multiple Listing Service (MLS).

The median home price increased 11.1 percent to $250,000 and the average home price ($290,847) increased 10.4 percent compared to January of 2021.

Despite a moderate drop in sales, the housing market was very active in central Ohio last month. We believe some buyers are getting discouraged because of the low inventory. However, with time and a bit patience, we’re confident we can get them a home in Columbus

Population in the counties served by the Columbus REALTORS® MLS increased almost 13 percent between the 2010 and 2020 census representing 85.5 percent of the population growth for all of Ohio.

Keeping pace with the population growth, the number of new listings grew by just over 14 percent over the last decade. However, home sales have grown 58 percent during the same time frame.

Ten years ago, REALTORS® were selling 66% of the inventory. In 2021, they sold 91.3 percent!

It’s little surprise that more people want to live her. Columbus, Ohio has much to offer: parks, entertainment, arts, recreation, outdoor activities, and more. Columbus is an excellent place to live, work, and raise a family.

Central Ohio Homes for Sale & Listings

🏘 There were 1,862 homes for sale in January 2022 🏘

inventory-homes-for-sale-columbus-ohio-jan-2022

The Average Price per Square Foot in Columbus

💲 The Average Price per square foot in January 2022 was $167.29  💲

💲 This price is $20.34 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 22 days in January 2022 🏡

🏡  This is 3 days shorter than the same period last year🏡

💲 Columbus Ohio Home Prices 💲

💲 The average sale price for these listings was  $290,847 (up 10.4% from last year’s amount of $263,445) 

💲  The median sale price for these listings was  $250,000 (up 11.1% from last year’s amount of $225,000)

See the graph below to see how the median sale price has changed, year over year, since 2013 in Columbus 👇

columbus real estate data through january 2022

Closed Home Sales vs Homes in Contract in Columbus

New Listings & Single Family Sales in Columbus

columbus oh new listings and single family homes for sale in jan 2022

Percentage of Original List Price Received

This graph represents what percentage of homes sell for their original list prie

condos for sale in columbus ohio january 2022

Condo Sales in Central Ohio

condos for sale in columbus ohio january 2022

The Columbus, OH January 2022 Housing Report: At a Glance

columbus ohio real estate market in jan 2022 summary

Home sales are down 2.8% this year in Columbus compared to the same period last year. This can likely be attributed to a slow down in the very hot market we had mid-2020 and through most of 2021.

Still, 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 the same time last year. Although last month’s data indicates a relative slow down, current data suggests that we will still likely have a relatively active real estate market this year.

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 2022.

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.

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We’ll be happy to be of service.

614-596-2934

Email: mvansteyn@premier-choice.com

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