Powell Real Estate Market Soars in June: Insights from an 11 Year Resident & Local Realtor

Welcome to our latest market report on Powell, Ohio. Each month, the Columbus Board of Realtors publishes data on the Powell real estate market for the previous month. This month, I’ll be helping you understand the June 2025 data.

As a resident who has called Powell home for over a decade and worked as a realtor throughout Central Ohio, I’ve witnessed firsthand how this Delaware County community has evolved into one of the region’s most desirable destinations. The June 2025 market data confirms what I’ve been seeing on the ground: Powell continues to significantly outperform other parts of Columbus, maintaining remarkable momentum even as some surrounding areas experience slower growth.

Executive Summary

Powell’s June 2025 real estate market significantly outperformed Columbus, with exceptional results driven by school district demand and major development projects.

Key Market Highlights

• Sales surged 123% with closed transactions jumping from 13 to 29 year-over-year

• Median price rose 20.3% to $710,000 versus $590,000 last year

• Homes sell in 10 days compared to 25 days metro-wide

Powell vs. Columbus Metro

• Powell outpaces metro with 123% sales growth versus 11%

• Median price of $710,000 commands significant premium over metro’s $350,000

Major Growth Drivers

• Ohio State’s $183 million medical center opening 2026 is Powell’s largest economic project ever. It will be an outpatient facilitym a two-story health center with an attached five-story medical office building. This will not only bring a large numbrt of jobs to Powell, but it will make it easier for Powell residents to get high quality medical care.

• Top-tier schools continue attracting families with Olentangy Liberty ranking #11 in Ohio

Best Opportunities

• 1980s/90s established neighborhoods offer superior quality versus new construction

• School district demand creates stability other Columbus suburbs lack

Bottom Line

Powell is proving to be an seller’s market with homes receiving 99.4% of asking price and strong fundamentals supporting its continued growth.

Market Activity Reaches New Heights

June 2025 was nothing short of remarkable for Powell real estate. Closed sales more than doubled compared to the same month last year, jumping from 13 to 29 transactions—a staggering 123% increase. This surge in activity reflects the continued strong demand for Powell’s exceptional schools, family-friendly neighborhoods, and convenient location.

The momentum extends beyond just closed sales. Properties going under contract also more than doubled, rising from 15 to 31 (+106.7%), indicating that buyer interest remains robust heading into the summer months. Year-to-date figures tell an equally compelling story, with closed sales up 25% and contracts increasing by 42.5%.

Price Appreciation Continues Strong Trajectory

Powell’s desirability is clearly reflected in its pricing trends. The median sales price climbed to $710,000 in June 2025, representing a substantial 20.3% increase from the previous year’s $590,000. Even more impressive, the year-to-date median sales price of $675,000 shows a healthy 22.7% appreciation.

For context, the average price per square foot has risen to $261.58, up 12.9% from last year. This steady appreciation demonstrates Powell’s strong fundamentals and long-term investment potential, making it an attractive option for both homeowners and investors.

Lightning-Fast Market Conditions Persist

One of the most telling indicators of market strength is how quickly homes are selling. Properties in Powell are averaging just 10 days on the market in June 2025, down from 12 days the previous year. This 16.7% decrease in market time means sellers are seeing faster results, while buyers need to be prepared to act decisively when they find the right property.

Supply and Demand Dynamics

While new listings increased significantly—rising 146.7% from 15 to 37 properties in June—the market is still operating with limited inventory. With only 28 homes available for sale and a 1.7-month supply of inventory, Powell remains firmly in seller’s market territory. For perspective, a balanced market typically maintains a 6-month supply of homes.

This supply constraint means buyers face continued competition, while sellers enjoy favorable conditions with multiple offers and strong negotiating positions.

Major Developments Driving Real Estate Growth

Powell’s real estate market strength isn’t just about current demand—it’s being fueled by significant developments and investments that promise to enhance the community’s appeal for years to come:

Recent News and Developments Impacting Powell Real Estate Values (2024-2025)

• Ohio State University Wexner Medical Center Outpatient Care Powell ($183 Million): Currently under construction at the northeast corner of Home Road and Sawmill Parkway, this 207,000 square-foot facility includes a five-story medical office building and two-story ambulatory health center. Scheduled to open in August 2026, it represents the largest economic development project in Powell’s history and will significantly boost property values in the surrounding area.

• COhatch Downtown Redevelopment Project (2024-2025): Columbus-based co-working company COhatch is leading a major downtown transformation at North Liberty and East Olentangy streets, including a new three-story location with rooftop bar, private offices, and event space. This mixed-use development aims to revitalize downtown Powell and improve walkability.

• Infrastructure Improvements Program ($48 Million, 2024-2028): Powell City Council approved a comprehensive Capital Improvements Program including the Scioto Street Extension ($4.65 million, completed 2025) to alleviate traffic congestion, Liberty Road Multi-Use Path ($1 million, completed 2025) for improved pedestrian connectivity, and crosswalk safety improvements on Olentangy Street funded by ODOT grants.

• Adventure Park Expansion: New pickleball courts ($1 million project completed in 2024) respond to growing recreational demand and enhance the community’s amenities profile.

• Powell Festival Return (June 2025): The annual community festival returned June 20-21, 2025, reinforcing Powell’s strong sense of community and local business support.

• Strategic Planning Initiatives: The City released its 2024-2025 Strategic Plan in November 2024, focusing on maintaining infrastructure, reducing traffic congestion, and expanding downtown offerings.

• Regional Economic Context: Ohio continues to rank #3 nationally in Site Selection magazine’s business investment rankings, with significant nearby developments including Intel’s New Albany mega-site bringing thousands of new jobs to the greater Columbus region.

• Educational Excellence Maintained: Olentangy Liberty High School, serving Powell, ranks #11 in Ohio and #441 nationally according to US News, with a 58% AP participation rate and over 95% graduation rate, continuing to drive family relocations to the area.

What I’m Seeing on the Ground: Opportunities for Smart Buyers

Having lived in Powell for over decade and worked with hundreds of families in this market, I can tell you that while the numbers might seem scary, there are still many opportunities for buyers who know where to look.

The Schools Continue to Drive Everything Let me be clear: One of Powell’s biggest pros is the Olentangy school district, particularly Olentangy Liberty High School, continues to be the primary magnet drawing families to our community. I’ve worked with countless families who specifically target Powell because they want their children in these top-tier schools. It’s one of the four “5 Star School Districts” I covered in my post on the best schools in Columbus, Ohio. This consistent demand creates a floor under our market that most other Columbus suburbs simply don’t have.

The Hidden Gem: Powell’s Established Neighborhoods Here’s something many buyers overlook—and where I often see the best opportunities. While everyone focuses on new construction, some of Powell’s best values lie in our established neighborhoods, particularly those built in the 1980s and 1990s.

Take Olentangy Ridge, for example. This neighborhood was established in the late 80s and early 90s, and I consistently recommend it to buyers looking for exceptional value. These semi-custom homes typically offer 2,500+ square feet on beautiful wooded lots, with prices ranging from the $500s to $900s. What sets these homes apart is the quality of construction from that era.

Why 80s and 90s Homes Often Beat New Construction In my experience, homes from the 80s and 90s offer something you rarely find at similar price points in new construction:

• Superior materials: Builders used higher-quality materials before cost-cutting became standard
• Attention to detail: Custom features like detailed wainscoting, quality trim work, and unique architectural elements
• Craftsmanship: These homes were built when skilled contractors were more readily available, before today’s blue-collar worker shortage impacted construction quality

I regularly show clients new homes in the $600-700k range, then take them through an established neighborhood home at the same price point. The difference in quality and character is striking—and smart buyers are taking notice.

Market Strategy in Today’s Environment With homes selling in just 10 days and limited inventory, preparation is more critical than ever. Based on my experience, successful buyers in today’s Powell market need to:

• Get pre-approved for financing before we start looking
• Be ready to make competitive offers quickly—sometimes the same day
• Consider expanding search criteria to include those undervalued established neighborhoods
• Work with someone who knows Powell intimately and can spot opportunities others miss

The good news? While inventory remains tight, I’m seeing more listings come to market, and those established neighborhoods I mentioned often provide the best combination of value and school access.

My Advice for Powell Sellers: Capitalize on Exceptional Conditions

As someone who’s listed dozens of homes in Powell over the years, I can tell you that sellers are positioned to capitalize on some of the best market conditions I’ve ever seen. With strong demand, limited supply, and homes selling quickly at premium prices, timing has rarely been better to make your move.

What I’m seeing consistently: properties are still receiving close to full asking price (99.4% of original list price), and I’m regularly managing multiple offers within days of listing. The key is proper pricing and presentation—get those right, and the Powell market rewards sellers handsomely.

The upcoming Ohio State medical facility construction and downtown redevelopment projects will likely continue driving appreciation, but current conditions are already exceptional. If you’ve been considering a move, the market fundamentals strongly support acting sooner rather than later.

Why Powell Keeps Outperforming: A Local’s Perspective

After nearly two decades of living here and years of working throughout Central Ohio, I can tell you that Powell’s exceptional performance becomes even more meaningful when you see how it compares to the broader Columbus market. While other parts of the metro area are experiencing slower growth, Powell remains remarkably robust.

The Numbers Tell the Story:

• While I’m seeing Powell closed sales increase 123% in June, the broader Columbus market only grew 11%
• Year-to-date, my Powell clients are experiencing 25% more closed sales compared to just 0.7% region-wide
• Most importantly for sellers: Powell homes are selling in 10 days versus 25 days for the metro area

Why Powell Stays Strong When Others Slow Down:

• Powell’s median sales price of $710,000 commands a significant premium over the metro median of $350,000, but buyers continue paying it for school access
• Our price per square foot appreciation of 12.9% far exceeds the regional 1.9% increase
• Powell maintains tighter inventory at 1.7 months supply versus 2.1 months region-wide

This isn’t just market data, but also what I see firsthand everyday. While some Columbus suburbs struggle with increasing days on market (up 13.6% regionally), Powell’s market is actually accelerating (down 16.7%, meaning homes are selling faster). When I list a home in Powell, I’m often managing multiple offers within the first week, while colleagues in other areas are waiting weeks for their first showing.

The combination of top-tier schools, strategic location between Columbus and Delaware, and ongoing major developments creates a unique market dynamic that continues to outpace regional trends. This is why I often tell clients that Powell isn’t just another Columbus suburb—it’s become its own premium market with distinct advantages.

Looking Ahead: What I Expect for Powell’s Future

Based on my many years of watching this community grow and evolve firsthand, I believe Powell’s fundamentals remain exceptionally strong. The area’s excellent schools, growing job market, and quality of life amenities create a foundation that typically weathers market fluctuations better than most areas.

The upcoming Ohio State medical facility and downtown redevelopment projects will likely continue driving appreciation and demand through 2026 and beyond. While rapid price appreciation may moderate over time—as it eventually does in all markets—the underlying demand drivers that have made Powell special remain intact.

What gives me confidence? The same factors that attracted me to Powell over a decade ago continue to draw new families today: outstanding schools, thoughtful development, community character, and strategic location. These aren’t just temporary market trend, but enduring competitive advantages that position Powell for continued success.

Whether you’re thinking about buying your first home in Powell, upgrading to accommodate a growing family, or considering selling to capitalize on these exceptional market conditions, having local expertise makes all the difference. I’ve seen Powell evolve from a quiet bedroom community to one of Central Ohio’s most sought-after destinations, and I understand both the opportunities and challenges this market presents.

The Powell market moves fast, and success often comes down to having someone who knows not just the statistics, but the neighborhoods, the schools, the hidden gems, and the strategies that work in this unique environment.

Ready to explore what Powell has to offer or curious about your home’s current value in this dynamic market? As someone who’s called this community home for a very long time, I’d love to help you navigate these opportunities and develop a plan tailored to your specific needs and timeline. Give me a call anytime at 614-596-2934.

Market data sourced from Columbus REALTORS® Multiple Listing Service, current as of July 12, 2025.