Market Report

Your Real Estate Market Update:

Local Market Information provided by the Columbus Board of Realtors MLS.

Updated September 24, 2025

Here you will find the latest local housing trends that will give you insights, updates and analysis to your local marketplace. If you have any questions about this report or anything else related to real estate, please feel free to reach out to us. We are proud to be a trusted adviser and help you make important business decisions when it comes to real estate.

CLICK THIS LINK TO VIEW YOUR LATEST NEIGHBORHOOD MARKET OR COMPARE TWO MARKETS:  marketstatsreports.showingtime.com/CR/sst/2023-06/main.htm

Housing inventory has continued its steady climb.

COLUMBUS, Ohio (September 23, 2025)— As the summer selling season comes to a close, housing sales were up 3% in central Ohio in August 2025 when compared to one year ago. The median sales price also climbed 4.8% in the latest housing statistics provided by Columbus REALTORS® and the Columbus & Central Ohio Regional MLS.

There were 2,819 closed sales in August, including 2,461 single-family home sales and 358 condominiums.

The median sales price rose to $338,000, up from $322,450 in 2024.

“Inventory is the highest we’ve seen in years and prices are still edging up,” said Buffie Patterson, 2025 president of Columbus REALTORS®. “Buyers have more choice and a little more time. Sellers who price to today’s market are still getting strong results. Buyers should keep an eye on those dropping mortgage rates, too.”

Housing inventory has continued its steady climb. There were 5,736 total homes and condos for sale in the Columbus & Central Ohio Regional MLS in August. That marked a 25% increase year-over-year. It is also the highest total inventory in the region since 2016.

Fueling the housing stock were 3,442 new listings in August, a 3.9% increase over the same month last Year. Buyers are seeing marginal discounts at the closing table as homes received 99.2 percent of the last list price received at closing. Days on market was up 31.8% year over year from 22 days in 2024 to 29 days in 2025.

Outside of Columbus City, the most new listings were recorded in South-Western City School District (182 listings), Hilliard City School District (150), and Olentangy Local School District (142). In the local spotlight, sales increased by 56% year over year in Newark City School District, with 70 closed sales.

Falling rates on 30-year fixed-rate mortgages could boost a fall surge in the housing market. HousingWire reports an average of 6.25% on 30-year fixed-rate mortgages as of September 15. That is a new low for 2025. The question now is whether this trend can continue throughout the week, with the Federal Reserve meeting approaching.