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Central Ohio Market Update: January 2025 – The Calm Before the Spring Surge!
As winter sets in across Central Ohio, the real estate market is quickly warming up for the spring surge—here’s what you need to know so you don’t get left out in the cold! January 2025 marked the lowest number of closed sales for any January since 2015 in Central Ohio, with only 1,506 homes changing hands—a 3.3% dip from last year. Inventory however, ticked up by 34% year over year, giving buyers more choices after years of tight supply.
Despite rising inventory, median home prices held steady at $299,900. As is common in the slower winter months, homes stayed on the market a bit longer—averaging 43 days compared to 35 last January. That extra time likely gave buyers more negotiating power, with homes selling for 98.3% of their final list price, scoring them an average 1.7% discount at closing.
Certain areas however, defied the seasonal slowdown. Grove City, Marysville, and Teays Valley all experienced massive sales increases, proving that demand is still alive and well in Central Ohio. Whether it’s first-time buyers, relocators, or families looking for more space, some neighborhoods are staying hot even in the coldest months.
For sellers, these numbers might seem a bit daunting at first. However, homes that are priced correctly are still selling quickly and for top dollar. With more inventory comes increased competition, and waiting too long to list could mean getting lost in the surge of spring listings. To stand out, strategic pricing based on real-time market trends is essential.
Buyers, the market is playing in your favor (for now). More inventory means less bidding war madness and more negotiating power. Keep in mind that if interest rates dip later this year, as many predict, demand will skyrocket. Securing your home now before competition intensifies could be a smart move. As the calm of January gives way to the spring surge, Central Ohio’s real estate scene is ready for action. Whether you’re gearing up to sell or eager to start house-hunting before the rush, 2025 could be your year to rock your real estate goals.
Ready to make your move? Let’s talk.
For a more detailed look into the latest Columbus housing trends, check out the official January Market Report from Columbus Realtors here.
Search homes for sale and coming soon in Columbus here
EBONY RICHARDSON, REALTOR®
MBA, PSA®
Coldwell Banker Realty
📲(310) 256-6749
📧info@ebonyjeanette.com
🌐rockinrealestateagents.com
