November 2024 Central Ohio Housing Report




Waiting is a strategy but is it a good one? These numbers may help you decide it’s time to jump in the housing market now. Closings in central Ohio were up 3.5% compared to last November, and the total inventory checked in at 4,600 homes and condos, a 21.2 percent increase over last year.

Through 11 months, 2024’s housing market in central Ohio is on track to outperform 2023 in nearly every category.



There were 2,146 closings reported in the Columbus & Central Ohio Regional MLS in November 2024. The median sales price remained the same as October, holding steady at $315,000. Days on market rose 29.2% year over year to 31 days, and new listings dipped 1.3% compared to last year, as 2,204 new listings entered the market in November.

November’s total number of closed sales was in line with last year's; however, it marked an 18.3% decrease compared to last month. In October, 2,539 closed sales were reported.

As the year winds down, 2024 is tracking to outperform 2023 across the board in central Ohio. Sales are up 3.5%, and new listings have increased 7.7% since last year.

“There are nearly 1,000 more homes on the market right now in central Ohio than last year at this time,” said Columbus REALTORS President Scott Hrabcak. “If you’re looking for a new home, now is a perfect time. There is more to choose from, and you reap the rewards of lower prices that traditionally accompany the cold-weather months.”

While inventory is holding strong at 1.9 months of supply, new listings did dip 27.6% from October (3,047 new listings) to November (2,204 new listings).

The percentage of the last list price received also improved in the buyer’s favor, dropping one-half percent to 98.8%. Rates on a 30-year fixed mortgage continue to hover between 6.5% and 6.75%, according to Bankrate.com.

The nation’s “Hottest Zip Code”, according to Realtor.com, Gahanna, saw 34 closings in Gahanna proper and 39 sales in Gahanna Jefferson City School District at median sale prices of $392,500, and $400,000, respectively. Big Walnut Local School District in Sunbury saw a 100% jump in closings, with 28 sales at a median sale price of $479,900. 

 Connie 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.


Contact Connie Sadowski, Realtor with questions 614-943-0025 

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