[Updated: December 2, 2025 | Published: August 29, 2024]
If you are 55 years or older and living in Columbus, Ohio, now might be the right time to sell your home and downsize to a maintenance-free community like Friendship Village of Dublin or the new Bailey at Bridge Park luxury 55-plus community!The Columbus Real Estate Market is Booming
According to the latest housing report from Columbus REALTORS®, the Columbus housing market is experiencing significant growth.
In July 2024, 2,806 closed sales were recorded, a 12 percent increase compared to July 2023. This increase in sales reflects the ongoing high demand for area homes. The inventory of homes for sale has reached its highest level in five years, with 4,325 homes available – a substantial 37.9 percent increase from the previous year.
“The fact that there are over 1,200 more homes available on the market right now than this time last year is a positive for prospective home buyers,” said Columbus REALTORS® President Scott Hrabcak. “Columbus remains an in-demand seller’s market, but having nearly two months of inventory does give buyers more options than they have had at any point over the last four to five years.”
With an increase in inventory, homes are lasting a little longer on the market, up to an average of 22 days compared to 17 in July 2023.
Combine this news with the recent news of dropping mortgage rates, and the central Ohio housing market could be set up for a very active Fall.
Rising Home Prices in Columbus
The median sale price for homes in central Ohio is also rising, currently at $327,250 – a 3.9 percent increase compared to last year. Last month, the median price hit an all-time high of $334,900. For sellers, this trend means an opportunity to maximize profits by selling when prices are peaking.
The local real estate market is thriving, with homes in Columbus receiving 2.4 times the national average in online property views. Now may be the time to capitalize on this increased interest.
Dublin, Ohio: A Sought-After Suburb
Within the broader Columbus market, Dublin, Ohio, stands out as an attractive area for buyers and sellers alike. Named Ohio’s Best Small City in 2021, Dublin is known for its excellent schools, vibrant community, and convenient access to downtown Columbus. This has made Dublin one of the most sought-after suburbs in the Columbus metropolitan area, with a steady demand for homes.
The Dublin real estate market reflects the same upward trends seen across Columbus. Home prices in Dublin have remained strong, with a median home value well above the central Ohio average. This suburb attracts young professionals and families looking for high-quality living in a community-oriented environment. The availability of quality homes, coupled with Dublin’s appeal as a family-friendly and economically vibrant suburb, makes it a prime location for selling your home.
Optimistic Market Conditions for Home Sellers
As we head into fall, the Columbus and Dublin real estate markets are expected to stay strong, especially with decreasing mortgage rates. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.49 percent, a significant drop from last year’s high. If the Federal Reserve lowers rates at its September meeting, it may spark further interest rate decreases. This could result in more buyers entering the housing market and intensified competition for available homes.
With strong market demand, increasing home prices, a growing inventory and lower mortgage interest rates, now is an opportune time to sell your home. Leveraging the current market strength can maximize your return on your housing investment.
If You Sell Your Home, What’s Next?
Are you thinking about selling your home but wondering where to go next? You’re not alone. Buying a home in this hot housing market has become more competitive than ever. Smaller, more affordable starter homes are in high demand, often sparking bidding wars that leave downsizers in a tough spot.
Many older adults looking to downsize face another challenge: the high occupancy levels and long waiting lists for independent living apartments. The question isn’t just about selling your home. It’s about finding the right place to continue the lifestyle you’ve earned with years of hard work and savings.
Introducing The Bailey at Bridge Park
Instead of dealing with the hassles of the real estate market, you could be living it up at the Bailey at Bridge Park! Our brand-new luxury 55+ apartment community in Dublin, Ohio, offers a perfect solution for those looking to “right-size” their life without compromising comfort or amenities.
Forget about the endless upkeep of a large family home. With The Bailey’s maintenance-free lifestyle, you can focus on living your best life, surrounded by elegance, freedom, and bountiful activities right outside your door in Dublin’s vibrant Bridge Park neighborhood.
Experience the ease of modern living with upscale amenities like an outdoor entertainment deck, fitness center, and 24/7 maintenance services. With The Bailey’s spacious apartments, you won’t feel like you’re downsizing—you’ll feel like you’re upgrading to a community designed to cater to your every need.
If your ultimate goal is to move into a LifeCare community like Friendship Village of Dubin, moving to The Bailey now is a smart move. Sign up for our Future Residents List. Live it up at The Bailey, with special leasing terms, until your preferred apartment, flat, or villa in our resort-style senior living community becomes available.
Thinking About Selling Your Home by 2025? Call Us Today!
The sooner you begin planning to make your move, the sooner you can begin enjoying all the amenities and benefits our premier lifecare community offers.
Because only a few of our 40 different independent living floor plans are available at a time, you will likely need to join our Future Residents List until your preferred floor plan is ready for you to move in.
If you’re interested in joining our premier LifeCare community within the next five years, we invite you to schedule a visit soon using the form below. You can also call 614.426.0334 to speak with one of our lifestyle counselors.
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