Columbus, OH Real Estate Market Update for February 2024

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 a Quick Overview of the Market

Welcome to our Columbus real estate market update for February of 2024. 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

Just like the temperature, the housing market in central Ohio is heating up. The latest data recorded in the Columbus & Central Ohio Regional Multiple Listing Service (MLS) shows significant increased in closed sales and numbers of homes for sale.

Closed sales spiked 10.8 percent year over year, and total inventory increased 21.7 percent compared with February 2023. The total inventory of homes for sale is 2,817 residences, which equates to a 1.2-month supply of inventory.

This is the second month in a row we’ve seen an increase in closed sales after about a year and a half of decreases when looking at the year over year data.

My team and I are very happy to see increases in closed sales in the city. Where even more excited that the supply of homes for sale increased by 22%. This will give new home buyers even more chances to find their home. It’s also a sign of new levels of stability reaching our local market. Still, there is tremendous demand for real estate in Columbus, so this spring will likely make for a competitive market.

Although we’re seeing positive trends in housing supply, there’s still a long way to go. Central Ohio is still solidly a seller’s market. Therefore, buyers should understand that getting a home won’t be easy. Competitive offers and solid negotiation will be needed to succeed in this year’s market. 

Sparking the rise in inventory was 2,357 total new listings, an 18 percent uptick over February 2023. Of the new listings, Westerville City School District saw 80 new homes hit the market for an 18 percent increase. There were 55 new listings in Worthington City School District, resulting in a 53 percent uptick. Delaware City Schools was another standout area with 62 new listings, which was a 77 percent increase year-over-year.

The median sales price in central Ohio increased 6.9 percent to $299,300 this month, and homes sold for just 0.9 percent under asking price.

Central Ohio Homes for Sale & Listings

🏘 There were 2,817 homes for sale in February 2024 🏘

This is up 21.7% from 2,315 homes for sale during the same time last year.

The Average Price per Square Foot in Columbus

💲 The Average Price / Square Foot in February 2024 was $192.72 💲

💲 This price is 6.4% more expensive compared to the $181.12 Price / Square foot the same time last year  💲

Columbus, Ohio: Days on Market

🏡  The average real estate listing stayed on the market  for 37 days in January 2024  🏡

This is 8.8% longer than the 34 day period of the same time last year

💲 Columbus Ohio Home Prices 💲

💲 The average sale price for these listings was  $336,802 (up 6.6% from last year) 

💲  The median sale price for these listings was  $299,300 (up 6.9% from last year)

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

columbus ohio february 2024 median sales price

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 March 2024 Housing Report: At a Glance

Home sales are up 2.8% this year in Columbus compared to the same period last year. The Columbus, Ohio real estate market continues to be one of the hottest and most popular. If you’re planning to buy or sell a home in Columbus, check out some of our free guides below.

How to Sell a Home in Columbus

Click the link below to get our buyer’s guide on how to sell your home for top dollar in Columbus, Ohio.

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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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

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