Columbus, Ohio, rose to No. 3 on the most recent Realtor.com Hottest Housing Market List, joining four other Ohio metros in the top-20. Ohio’s five listings in the top 20 led state representation.
How does Realtor.com determine its “Hottest Housing Markets?” They are the areas where homes sell fastest and have lots of potential buyers checking out each listing. As a group, the 20 Hottest markets received 1.5 to 3.0 times the number of viewers per home for sale compared to the national rate.
Columbus is averaging 2.2 viewers per property compared to the US Average. The median days on the market is 59 and the median listing price is $344,000. Columbus trailed only Rochester, N.Y. ($229,000 median listing price) and Manchester-Nashua, N.H. ($534,000 median listing price).
According to Realtor.com, the median national home price for active listings remained at $400,000 in January, with price growth slowing to 8.1 percent year-on-year.
Columbus was also ranked in the top 10 emerging housing markets in the United States by the Wall Street Journal & Realtor.com. Columbus, Ohio, checked in at No. 9 on the list, which included predominately mid-sized metro regions. Columbus, with a population of 2.1 million, was by-far the largest city in the rankings. Just one other city in the top 20 (Milwaukee), surpassed 500,000 in total population. Columbus also rose 11 spots in the rankings, last published in the fall of 2022.
