Explore how home prices have changed in central Ohio
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Home prices across the central Ohio region rose between July and October, per an Axios analysis of Zillow data.
Why it matters: As if you needed another reminder, the interactive map shows it is increasingly expensive to be a homebuyer in the Columbus metro area.
Yes, but: The map offers some visual evidence that the market has cooled off in most ZIP codes in Columbus' city limits.
- Prices still surged in suburban areas, particularly northeast of Columbus near where Intel is building its major semiconductor plants.
The big picture: Inventory rose considerably in the second half of 2022, but so too did monthly mortgage payments, thanks to skyrocketing interest rates.
- Even with high demand, some home sellers had to lower their listing prices to facilitate quicker sales.
By the numbers: Franklin County's median home sale price was $275,000 in October, per the latest Columbus Realtors report.
- That's a 1.8% dip from September but still 9.1% higher than a year ago.
Zoom in: A handful of ZIP codes saw prices drop this year, most notably in the Old North and German Village neighborhoods.
- The biggest jump was recorded in a ZIP code next to Rickenbacker International Airport, an area with a boom of new warehouses and distribution centers.
What we're watching: If this cooling period continues into next year.
