Central Ohio Housing Report – February 2025

With almost 1,000 more homes on the market at this time in 2025 than 2024, a busy spring lies ahead for REALTORS® in central Ohio. 

COLUMBUS, Ohio (March 20, 2025) — The median sales price in the latest central Ohio housing report published by Columbus REALTORS® rose to $305,000, marking a 1.9% increase year over year, while inventory has reached its highest levels for a February since 2017.

There were 3,716 homes for sale in the Columbus & Central Ohio Regional Multiple Listing Service at the end of February, a 32% increase over February 2024, when there were 2,817 single-family homes and condominiums on the market.

“We’ve experienced some warm weather, and we can sense spring approaching,” said Columbus REALTORS® President Buffie Patterson. “From our previous experience, we know that as the weather changes, home sales tend to increase. I believe we are poised for a busy spring in central Ohio.”

In 2024, sales increased by nearly 16% from February to March. With almost 1,000 additional homes on the market in 2025, there is potential for an even greater rise this year.

“Our consumers need to know that there are opportunities out there at different price points,” said Patterson. “REALTORS® will work with their clients to help them find a home that fits their budget. What I tell any potential buyer is to enter the process with an open mind. Your REALTOR® has your best interests at heart.”

In February, 22% of sales hovered near the month’s median sales price, falling between $300,000 and $399,999, while 19% of the sales were at $199,999 or below. Conversely, the third-highest category was the $500,000 and over range, accounting for 16% of all homes sold in February.

According to the National Association of REALTORS® Deputy Chief Economist Dr. Jessica Lautz, the average 30-year fixed-rate mortgage from Freddie Mac remained flat at 6.65% as of March 10. In the Columbus market, with a sale price of $305,000, 20% down payment, and a 30-year fixed-rate mortgage at 6.65%, the monthly payment would amount to $1,566.39, excluding property taxes or insurance.

The current inventory of 3,716 homes and condominiums equals 1.5 months of inventory, which keeps central Ohio firmly established as a seller’s market. A balanced real estate market will have between five and six months of inventory. Days on the market increased to 43 days in February, and homes were selling at a one-percent discount at closing (99% of the last list price received). New listings in February dipped 5% year over year.

Sortable Housing Statistics
Central Ohio Housing Statistics (PDF)

Columbus REALTORS® is comprised of almost 10,000 real estate professionals engaged in residential sales and leasing, commercial sales and leasing, property management, appraisal, consultation, real estate syndication, land development and more.

The Columbus REALTORS® Multiple Listing Service (MLS) serves all of Franklin, Delaware, Fayette, Licking, Madison, Marion, Morrow, Pickaway and Union Counties and parts of Athens, Champaign, Clark, Clinton, Fairfield, Hocking, Knox, Logan, Muskingum, Perry and Ross counties.