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Saturday, October 19, 2024

The second half of 2020: Columbus experienced a 12.1% increase in median home prices

Realestate3

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Adobe Stock

The median sale price of a home sold in the second half of 2020 in Columbus rose by $20,000 while total sales decreased by 43.5%, according to BlockShopper.com.

From July through December of 2020, there were 2,655 homes sold, with a median sale price of $185,000 - a 12.1% increase over the $165,000 median sale price for the same period of the previous year. There were 4,697 homes sold in Columbus in the second half of 2019.

The median sales tax in Columbus for the most recent year with available data, 2019, was $2,665, approximately 1.4% of the median home sale price for the second half of 2020.

The following table compares Columbus to other Franklin County cities with similar median sale prices in the second half of 2020:

CityJuly - Dec. 2020 Home SalesJuly - Dec. 2019 Home Sales% change (Total Home Sales)July - Dec. 2020 Median Sales PriceJuly - Dec. 2019 Median Sales Price% change (Median Sales Price)
Huber Ridge1745-62.2%$195,000$172,00013.4%
Lake Darby1637-56.8%$194,950$180,0008.3%
Reynoldsburg85183-53.6%$190,000$155,00022.6%
Briggsdale13-66.7%$190,000$82,000131.7%
Obetz1931-38.7%$188,000$140,00034.3%
Columbus2,6554,697-43.5%$185,000$165,00012.1%
Darbydale7475%$164,900$69,025138.9%
Lincoln Village37370%$158,000$129,90021.6%
Urbancrest26-66.7%$150,000$89,50067.6%
Valleyview25-60%$144,000$112,85027.6%
Hamilton Meadows24-50%$135,200$138,500-2.4%

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