Market Notes for August 2025

August brought another month of strong home values in the Tri-Village and North Columbus areas, even as the pace of sales cooled. Buyers are still competing over limited inventory, which is pushing prices higher and keeping well-positioned homes moving quickly. Compared to this time last year, average and median sale prices are up double digits, showing that demand remains steady despite affordability concerns. For sellers, this continues to be an excellent environment to list. For buyers, the key is preparation—homes that are priced right are often under contract within days.

Home Prices Keep Climbing

• Average Sale Price: $536,746 (+10% YoY)

• Median Sale Price: $470,000 (+13% YoY)

• Average List Price (Actives): $699,473 (+15% YoY)

Homes Are Moving Fast

• Median Days on Market: 5 (unchanged YoY)

• Average Days on Market: 22 (+83% YoY)

Market Activity Slows Slightly

• Closed Sales: 105 (–7% YoY)

• Pending Sales: 85 (–27% YoY)

New Listings & Inventory

• New Listings (August): 152 (flat YoY)

• Active Listings: 104 (–26% YoY)

What This Means for You

• Sellers: Low competition and rising values make this a strong selling environment.

• Buyers: Inventory is limited—strong offers and quick action are essential.

• Investors: Rising prices and fast absorption rates signal continued stability.

Curious what these numbers mean for your home or neighborhood? Reach out for a no-pressure home value review, or subscribe to my updates for the latest market insights.