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    February 2024 Central Ohio Real Estate Market Update

    Central Ohio's Real Estate Market Begins 2024 with Strong Momentum The Central Ohio housing market has demonstrated significant...

    • Josh Dawson
    • February 23rd, 2024
    • 3 min read

     

     

    Central Ohio's Real Estate Market Begins 2024 with Strong Momentum

    The Central Ohio housing market has demonstrated significant growth at the outset of 2024, with several key metrics showing improvements over January of the previous year. The latest Columbus (Ohio) Realtors report indicates a positive trajectory in the region's real estate activities.

    January witnessed a 2.8 percent increase in closed sales within the Columbus & Central Ohio Regional MLS, totaling 1,558 sales. Of these, 86 percent were single-family homes. The market also experienced notable growth in inventory, with a 10.3 percent increase in new listings compared to the previous year, bringing the total number of homes for sale to 2,890, a 17 percent rise from January 2023.

    Recent months have shown a sustained growth in inventory, with homes selling in just over a month on average. However, in high-demand areas, sales are closing in less than a week. With the stabilization of mortgage rates and a greater availability of homes, now is deemed an opportune moment for potential buyers to enter the market.

    Shifting the focus to sales prices, the average sales price in January 2024 was reported at $331,001, marking a significant increase from the $302,464 average sales price in January 2023. This rise reflects the ongoing appreciation in home values across the region.

    Financing trends reveal that conventional loans dominated the closed sales at 55 percent, with cash sales representing 21 percent, and VA or FHA loans accounting for 17 percent.

    Specific areas within Central Ohio also showcased strong performance. Columbus City Schools and Columbus (Corp.) were responsible for 950 of the month's closed sales, with an additional 1,279 homes currently under contract. The South-Western City School District (Grove City) and Union County's Marysville were also highlighted for their sales activity and price trends.

    The promising start to 2024 suggests a vibrant Central Ohio real estate market, with rising sales, expanding inventory, and increasing home values offering ample opportunities for both buyers and sellers.

     

    February Market Update for Central Ohio

    (Through January 2024)

    2,066

    New Listings

    2,216

    Listings In Contract

    1,558

    Closed Sales

     

    Homes Sold

    96.4%

    Sale-to-List Price

     

    $331,001

    Average Sales Price

    1.2

    Months of Supply

    35

    Days on Market Until Sale

    6.93

    Average Showings Per Listing

    Curious about how your home's value has changed?

    I'll gladly prepare a comprehensive report for you so that you know where your home stands in this market.

    Get Your Report

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    About the author

    Josh Dawson

    614.706.6288
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    Buying or selling real estate is more than a transaction—it’s a major life decision. You deserve a guide who brings not just experience, but clarity, strategy, and trust to the table. That’s where I come in. I was born and raised in Fostoria, Ohio—a blue-collar factory town where your word meant everything and people treated each other with respect. I come from a family of military veterans, tradesmen, and kind-hearted Midwesterners who taught me to do good, be good, and work hard. I carried those values with me to Ohio Wesleyan University, where I played football and graduated with the same commitment to perseverance and teamwork I bring to every client relationship today. My real estate career began not in Central Ohio, but as part of a Wall Street Journal Top 100 Team in Boston—one of the fastest-moving, most competitive markets in the country. Before real estate, I served in senior political roles, including State Director for the Massachusetts State Treasurer and Legislative Director in the State Senate. I even ran for State Representative and earned an endorsement from The Boston Globe—because I’ve always been driven to serve people, solve complex problems, and lead with integrity. Today, I bring those same values into my work as a real estate professional and former managing broker. I’ve led agents, negotiated complicated transactions, and taught hundreds of professionals how to master real estate contracts. I don’t just understand the fine print—I’ve taught from it. That insight often helps me make small but strategic contract adjustments that protect my clients or save them tens of thousands of dollars. I currently serve on the Columbus Realtors Broker Advisory Committee and am the Past-President of the Greater Dublin Realty Association, where I continue to advocate for professionalism, education, and client-first service across our industry. Clients know me for my steady communication and proactive approach. I hold weekly check-ins to ensure no one ever wonders, “What’s happening?” or “What’s next?” Whether I’m guiding a family through an emotional sale or helping a first-time buyer make a strong start, I act with clarity, empathy, and your long-term goals in mind. When I’m not working, you’ll often find me coaching my daughter’s softball team, spending time with my family, or fishing and boating in Port Clinton, where my parents now live. I live in Dublin with my amazing wife and our two beautiful daughters—and I consider it an honor to serve families across Central Ohio with focus, care, and professionalism. If you're ready to move forward with purpose, I’m here to help you do it wisely.

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