The Columbus housing market demonstrates a moderate level of competitiveness with a notable growth in property values. The median sale price of homes has increased by 7.6% over the past year to $210,000, while the sale price per square foot also rose by 4.3%, reaching $122. Homes in Columbus are selling slightly below the listing price, with an average reduction of 2.6%. Properties are spending an average of 25 days on the market, which indicates a relatively swift turnover. 

The Columbus housing market is somewhat competitive, with homes typically selling in about 25 days. While some properties receive multiple offers, the average home sells for approximately 3% below the asking price and goes pending within the same 25-day timeframe. In contrast, highly sought-after homes, often referred to as "hot" properties, can sell for close to the list price and may go pending in as few as 6 days, indicating a faster turnover for these more desirable listings.