Central Ohio Housing Market Update – August 2025
As summer winds down, the Central Ohio housing market is showing steady strength. According to the latest data from Columbus REALTORS® and the Columbus & Central Ohio Regional MLS, home sales in August 2025 were up 3% compared to last year, with 2,819 total closed sales across the region.
Prices Continue to Climb
The median sales price rose to $338,000, a 4.8% increase from August 2024. Even with more homes available, prices continue to edge higher as demand remains steady.
Inventory on the Rise
For buyers, there’s good news—inventory has reached the highest level since 2016. In August, there were 5,736 homes and condos for sale, a 25% year-over-year increase. New listings also grew slightly, up 3.9% with 3,442 homes hitting the market.
Market Dynamics
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Homes are taking a little longer to sell, with days on market increasing from 22 to 29 days year-over-year.
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Sellers are still in a strong position, receiving an average of 99.2% of list price at closing.
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Local hotspots included Newark City Schools, where sales jumped 56% year-over-year.
Mortgage Rates Add Momentum
Falling mortgage rates could give the fall market an extra boost. As of mid-September, 30-year fixed-rate mortgages averaged 6.25%—a new low for 2025. Buyers may see increased affordability if this trend continues.
What This Means for You
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Buyers: More homes to choose from and easing mortgage rates may make fall the right time to act.
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Sellers: Homes priced competitively are still moving, and rising prices keep equity strong.
At USA-1 Real Estate, we’re keeping a close eye on these shifts to help our clients make the best move possible. Whether you’re buying, selling, or just exploring your options, you can count on us for guidance every step of the way.
