Johnstown sees dramatic spike

There’s no doubt Central Ohio remains a strong real estate market. Sure, rising interest rates have curtailed the overall number of sales, but prices continued to soar in 2022: according to various reports, the median sales price jumped 11.5 percent (to $290,000) from the previous year. 

However, the market cooled in the first quarter of 2023. Sales prices rose only 2.5 percent. Interestingly, prospective sellers in certain suburbs and cities near the Intel development remain hopeful: median listing prices for homes on the market rose year-over-year in March. Would-be sellers in Johnstown are especially confident that buyers will pay a premium.

 Check out the stats on median listing prices for March 2023, according to Realtor.com data.

Johnstown

In March, the median listing home price in Johnstown was $484,900, trending up 63 percent year-over-year. The median listing home price per square foot was $217. The median home sold price was $426,000.

• The median listing home price in Johnstown:

March 2023: $484,900 

March 2022: $297,500

March 2021: $276,500

• As of late April, there were 71 homes for sale, ranging from $60,000 to $11,500,000.

Newark

In March, the median listing home price in Newark was $212,300, trending up 18 percent year-over-year. The median listing home price per square foot was $145. The median home sold price was $152,000.

• The median listing home price in Newark:

March 2023: $212,200 

March 2022: $179,900 

March 2021: $160,000 

• Homes in Newark sold for approximately the asking price on average in March.
• As of late April, there were 184 homes for sale, ranging from $1 to $2,400,000. 

New Albany

The median listing home price was $544,900 in March 2023, trending up 10.9 percent year-over-year. The median listing home price per square foot was $204.

• The median listing home price in New Albany:

March 2023: $544,900 

March 2022: $491,200

March 2021: $498,400

• As of late April, there were 59 homes for sale, ranging from $159,900 to $2,800,000.

Gahanna

The median listing home price in Gahanna was $310,300 in March, trending up 7 percent year-over-year. The median listing home price per square foot was $179.

• The median listing home price in Gahanna:

March 2023: $310,300

March 2022: $289,900

March 2021: $249,900

• As of late April, there were 70 homes for sale, ranging from $34,000 to $1,800,000.

Granville

The median listing home price in Granville was $454,500 in March, trending up 4.5 percent year-over-year. The median listing home price per square foot was $197.

• The median listing home price in Granville:

March 2023: $454,500

March 2022: $434,900

March 2021: $368,600

• There were 80 homes for sale, ranging from $74,900 to $4,000,000.