Columbus Real Estate Market Update: June’s Most Expensive Homes and Trends
The Columbus real estate market saw some impressive sales in June, with the most expensive home in Franklin County selling for a whopping $6 million. Delaware County also saw significant activity, with the top home selling for $1.4 million. Here’s a closer look at the top sales and market trends, along with insights on how you can navigate this dynamic market and save thousands with Sell for 1 Percent.
June’s Top Home Sales in Franklin and Delaware Counties
In Franklin County, a total of 1,229 single-family homes were sold in June, excluding transfers for $0. The average sale price was $370,609, while the median price was $305,000. Delaware County saw 192 single-family home purchases, with an average price of $566,374 and a median price of $544,322.
Franklin County’s Most Expensive Homes Sold in June:
- 4814 Riverside Drive, Upper Arlington – Sold for $6,000,000 on June 26.
- 3007 Avalon Road, Upper Arlington – Sold for $2,675,000 on June 5.
- 1809 Upper Chelsea Road, Upper Arlington – Sold for $2,372,500 on June 4.
- 333 N. Parkview Ave., Bexley – Sold for $2,255,000 on June 24, previously sold for $2,650,000 in May 2022.
- 7825 Brandon Road, New Albany – Sold for $2,250,000 on June 4.
- 4519 Ackerly Farm Road, New Albany – Sold for $1,650,000 on June 4.
- 1171 Fairview Ave., Grandview Heights – Sold for $1,600,000 on June 24.
- 1833 Barrington Road, Upper Arlington – Sold for $1,590,000 on June 6.
- 4711 Millburn Pl., Columbus – Sold for $1,590,000 on June 21.
Delaware County’s Most Expensive Homes Sold in June:
- 9458 Wilbrook Drive, Powell – Sold for $1,435,000 on June 7.
- 2000 Horseshoe Road, Delaware – Sold for $1,362,500 on June 26.
- 3212 S. Three B’s and K Road, Galena – Sold for $1,343,000 on June 10.
- 5124 Hoovergate Lane, Westerville – Sold for $1,280,000 on June 26.
- 799 Dent Road, Sunbury – Sold for $1,275,000 on June 3.
- 13097 Bevelheimer Road, Westerville – Sold for $1,200,000 on June 17.
- 10638 Pembrooke Place, Powell – Sold for $1,195,900 on June 10.
- 1530 Brittingham Lane, Powell – Sold for $1,160,000 on June 5.
- 4708 Chantry Drive, Galena – Sold for $1,050,000 on June 4.
- 5365 Maple Drive, Lewis Center – Sold for $1,049,900 on June 12.
Market Trends and Insights
June’s sales data highlights the strong demand for luxury homes in Franklin County, particularly in Upper Arlington and New Albany. The high prices reflect the desirability of these areas, known for their excellent schools, amenities, and community atmosphere.
In Delaware County, the average and median prices are significantly higher than in Franklin County, indicating a robust market for upscale properties. This trend aligns with the county’s reputation for spacious homes, good schools, and a suburban lifestyle that’s appealing to many families.
A Historical Perspective
To put these numbers into context, let’s look at some historical data. In 2020, the average home price in Franklin County was around $290,000, and in Delaware County, it was approximately $480,000. The significant increase in prices over the past few years demonstrates the market’s growth and the rising demand for homes in these areas.
Hopeful Outlook for Homes for Buyers
While the high prices might seem daunting, there are plenty of opportunities for buyers in the Columbus area. The market’s diversity means there are homes available at various price points, and the right strategy can help you find a great deal. Here are some tips to keep in mind:
- Stay Open-Minded: Don’t limit yourself to the most popular neighborhoods. Exploring different areas can lead to discovering hidden gems.
- Consider Fixer-Uppers: Homes that need a bit of work can be more affordable and offer the chance to customize your space.
- Work with a Knowledgeable Agent: A skilled real estate agent can help you navigate the market, identify good deals, and negotiate effectively.
Why Choose Sell for 1 Percent?
At Sell for 1 Percent, we offer a full-service real estate experience for just a 1% commission, compared to the usual 3%. This innovative approach saves our clients thousands of dollars in commissions, providing top-tier service without the hefty price tag. Whether you’re buying or selling, our team is dedicated to helping you achieve your real estate goals while maximizing your savings.
Final Thoughts
The Columbus real estate market continues to thrive, with high demand for luxury homes and significant price increases over recent years. However, opportunities abound for savvy buyers willing to explore different options and work with experienced professionals.
For more insights on the real estate market and how to save on your next transaction, connect with Sell for 1 Percent. Our expert team is here to guide you through today’s dynamic market and help you find the perfect home at the right price. Stay informed, make smart decisions, and turn your homeownership dreams into reality.
For more information and updates, check out our latest blog posts and market analyses. Let’s connect and explore how we can help you navigate the Columbus real estate market effectively.
