Is Now A Good Time To Buy A House in Ohio?
One of the questions I hear a lot is “is now a good time to buy a house in Ohio?” The answer is different for every family, but here is some insight into how the real estate market is doing in central Ohio.
The decision to purchase a home in Ohio, particularly in the central region, hinges on various factors, including housing market trends, economic developments, and personal circumstances. Here's an overview to assist in your decision-making process:
Central Ohio Housing Market Trends
Home Prices: As of February 2025, central Ohio has experienced a 4.8% increase in home prices compared to the previous year, with the average home price now at $352,854. 10TV
Inventory Levels: The housing market began 2025 with a 34% increase in inventory year-over-year, providing buyers with more options. New listings also rose by 7.4%, indicating a potentially more active spring market. Columbus Team Real Estate
Economic Developments Driving Growth
Central Ohio's economy is bolstered by significant investments from major corporations, leading to increased development and job opportunities:
Intel's Semiconductor Facility: Intel has committed to building a $20 billion semiconductor fabrication plant in New Albany, expected to create thousands of jobs and stimulate local economic growth. WIRED+2Wikipedia+2WSYX+2
Anduril Industries' Manufacturing Hub: Defense contractor Anduril Industries plans to establish a 5 million-square-foot advanced manufacturing facility near Rickenbacker International Airport, bringing 4,000 jobs to the area. AP News+1Axios+1
Amazon's Data Centers: Amazon Web Services has announced an additional $10 billion investment in Ohio data centers, underscoring the state's growing appeal to tech giants. Business Insider
Considerations for Prospective Homebuyers
Job Market: The influx of major companies is expected to create numerous job opportunities, potentially attracting more residents and increasing housing demand.
Housing Supply: While inventory levels have risen, the rapid economic growth may lead to heightened competition for homes in certain areas.
Long-Term Investment: Given the ongoing developments and economic expansion, investing in central Ohio real estate could yield appreciable returns over time.
Conclusion
If the time is right for your family, it’s a great time to buy in Ohio! With rising home prices, increased inventory, and substantial economic investments, central Ohio presents a dynamic environment for homebuyers. Assessing personal financial situations, staying informed about local market trends, and considering long-term goals are crucial steps in determining whether now is the right time to buy a house in Ohio.
Here are some of the Major Developments Fuel Central Ohio's Economic Surge:
US defense contractor to build 4,000- worker advanced manufacturing facility in Central Ohio
Amazon commits another $10 billion to Ohio data centers amid questions about energy costs and supply