Introduction to Columbus Housing Market
The cost of housing in Central Ohio has skyrocketed, with bidding wars and buyers paying tens of thousands over list price, sometimes even waiving home inspections. As a real estate professional, I’ll break down what homes are selling for in six popular Columbus suburbs, helping you understand what your dollar can buy and where you might find value in today’s market.
Premium Suburbs and Their Pricing
New Albany
- Average sale price with New Albany schools (2023): $672,000 (up 6% from previous year)
- New Albany proper average: $975,000 (up 20%)
- Average price per square foot: $280
- Homes selling at 102% of list price
- Notable features: Top-rated schools, newer homes (mostly post-1990s), Intel development impact
Powell/Olentangy
- Average sale price in Powell: $636,000 (up 12%)
- Olentangy School District average: $586,000 (up 10%)
- Average price per square foot: $225
- Homes selling at 99% of list price
- More affordable options in Lewis Center or Delaware areas
Upper Arlington
- Average sale price: $658,000 (up 6%)
- Average price per square foot: $306
- Homes selling at 100% of list price
- Landlocked community with older housing stock
- Premium location near downtown and Ohio State University
More Affordable Suburbs
Worthington
- Average sale price in Worthington schools: $456,000 (down 4%)
- Worthington proper average: $395,000 (up 2%)
- Average price per square foot: $225
- Homes selling at 101% of list price
- Landlocked but excellent location
Hilliard
- Average sale price: $430,000 (up 5%)
- Average price per square foot: $219
- Homes selling at 101% of list price
- Mix of older and newer construction
- Developing downtown area
Westerville
- Average sale price: $394,000 (up 5%)
- Average price per square foot: $210
- Homes selling at 101% of list price
- Mix of housing ages
- Room for new development
The key takeaway is that there’s significant variation in what your money can buy across these suburbs. While areas like New Albany and Upper Arlington command premium prices, suburbs like Worthington, Hilliard, and Westerville offer similar amenities at more affordable price points. The choice ultimately depends on your priorities regarding location, school districts, and housing age/style.