What you need to know
Realtor.com’s most recent Hottest Housing Market List had Columbus, Ohio reach the 3rd spot. Five other Ohio cities also made it within the top 20 in the nation according to this study. Ohio was the most represented state within the top 20 collecting 6 of those spots.
To identify its “Hottest Housing Markets,” Realtor.com looks for regions where homes are selling quickly and have a lot of potential buyers viewing each listing. As a collective, the 20 Hottest markets experienced 1.5 to 3.0 times the amount of viewers for each home for sale compared to the national rate.
Columbus Rankings
In Columbus, the average number of viewers per property is 2.2 times higher than the national average and the median days on the market is 58.5. The median listing price of $344,000 is only third to Rochester, N.Y. with a median listing price of $229,000 and Manchester-Nashua, N.H. with $534,000. This is in comparison to the US Average.
In January, Realtor.com reported that the median national home price for active listings stayed the same at $400,000, with an 8.1 percent growth rate annually, making Columbus over $50,000 less expensive than the national average, which is great for buyers moving into and around the area.
Columbus, Ohio was identified as No. 9 on the list of the top 10 growing real estate markets in the U.S. by the Wall Street Journal and Realtor.com. Of all the cities included, Columbus was the largest one, with a population of 2.1 million. Only Milwaukee of all the cities in the top 20 had more people, with a total population of over 500,000. Additionally, Columbus moved up eleven places since the last fall of 2022.
Columbus is a Great Place to Live
Economy
Columbus, Ohio is a great place to live due to its vibrant economy, affordable cost of living, and welcoming community. The city is home to several major corporations, such as Nationwide Insurance, JP Morgan Chase, Honda, Intel, and the Ohio State University which provide ample employment opportunities for its residents. In fact, Columbus has been ranked as one of the top cities for job growth in the United States in recent years. Additionally, the city is known for its thriving start-up scene and has been dubbed “Test City USA” with several co-working spaces and incubators for entrepreneurs.
Living Cost
Apart from its strong economy, Columbus is also a great place to live due to its affordable cost of living. Seeing that the average cost of homes is significantly lower than the national average on this ranking list proves it. Rent prices are also relatively low, coming in at and average of $1184 a month, which is around $200 less than the national average of $1,388 a month.
Entertainment
The city offers a range of entertainment such as concerts, art shows, sports, festivals, museums, performance arts 
and dining options that won’t break the bank. Columbus is also home to several parks and outdoor spaces, including the Scioto Mile (which offers a stunning view of the downtown skyline), Franklin Park Conservatory, Goodale park, Whetstones Park of Roses and plenty more.
Overall
The city’s diverse population and welcoming community make it easy for newcomers to feel at home. With its strong economy, affordable cost of living, and welcoming community, it’s no wonder that Columbus, Ohio is consistently ranked as one of the best places to live in the United States and now the 3rd top real estate market in the nation.
Six Top spots
Other Ohio cities on this list include Dayton, claiming the 5th spot, Akron, claiming spot 10, Cincinnati at number 13, Canton-Massillon at 19 and finally Cleveland at number 20. All 3 big C cities have broken the top 20 when it comes to hot markets, though 3 of the 5 are in the northeast area near Cleveland.
If you’re looking to sell your house in Columbus, Ohio, the Realtors here at Sell for 1 Percent are among the top in the city and are eager to assist you in your endeavors. With a 1% commission rate for full-service listing services, there isn’t a better way to sell. Our agents are experienced, knowledgeable and constantly finding new and better ways to serve our clients to give them the best experience possible. Give us a call today to see how we can help you navigate these unprecedented times and get you the most for your home while saving thousands in commission fees.