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Tuesday, September 14, 2021
FOR IMMEDIATE RELEASE
Contact: Marshall Troxell, 614-565-1423
Marshall.Troxell@franklincountyohio.gov
Large Increase in Median Home Sale Price, August Dashboard Data Shows
COLUMBUS, Ohio – The median sale price of homes in Franklin County continued to rise in August, increasing 19 percent compared to the same month last year, according to data released Monday from the August Real Estate Sales Dashboard.
The new data shows the August median sale price increased 19 percent to $255,050, and the total sales amount increased 7 percent to $539.1 million. Both increases continued trends: Last month the median sale price increased 17 percent to $250,000, and the total sales amount increased 3 percent to $503.3 million compared to the same month last year.
Total number of sales in August decreased to 1,870, 218 fewer than August 2020.
“A home is one of the biggest investments a person can make, and in Franklin County the value of that investment continues to grow,” Franklin County Auditor Michael Stinziano said.
The August data comes as the Board of Revision COVID-19 filing period has come to a close. The board is now conducting hearings with property owners who filed a complaint that their property value has been directly affected by the COVID-19 pandemic, per a new state law.
The new legislation had been sought by Auditor Stinziano to help businesses that have suffered losses caused by the pandemic and related public health orders.
The Real Estate Sales Dashboard is a highly localized web app that shows recent home sales on a GIS map. The tool can display sales data by municipality, school district, or area commission, giving homeowners a better sense of sales activity in their neighborhoods.
August sales by the numbers:
- 1,870 total sales
- $ 255,050 median sale price
- $ 539.1 million in total sales
The dashboard is optimized for both desktop computers and mobile devices, and continues to be updated monthly.
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