How Many Million-Dollar Homes Sold in Columbus in 2026? 495

The headline on Columbus real estate is still scarcity, but the top of the market tells a different story. In 2026, 495 single-family homes sold here for $1 million or more, and as a group they went over asking price less often than the market as a whole. The luxury tier is large, it is concentrated in a handful of places, and it gives a buyer more room to negotiate than a starter home does. If you are buying or selling above $750,000, that gap is the part worth understanding before you price or offer.

I pulled every 2026 single-family closing in the Columbus MLS and sorted the top of the market. The million-dollar segment breaks down as follows.

How big is the million-dollar market in Columbus?

Bigger than most people assume. 495 single-family homes sold for $1 million or more in 2026, about 3 percent of the 14,486 total single-family sales. The median million-dollar sale was $1.3 million at $302 a finished square foot, and the highest closed at $4 million. Step down a rung and the numbers grow quickly: 1,326 homes sold above $750,000, and 4,002 sold above $500,000, which is 28 percent of everything that traded.

So the luxury segment is not a rounding error. More than a quarter of the market cleared half a million dollars, and roughly one sale in thirty cleared seven figures. Against a metro where the overall median sale was $380,000, that is a wide and busy top end.

It is also a market that thins fast as you climb. The step from 4,002 homes above $500,000 to 1,326 above $750,000 to 495 above $1 million shows the air getting thinner near the top, each rung roughly a third the size of the one below it. That shrinking pool is the single most important fact about selling at this level, because it sets how many buyers a home has and how much leverage each one holds. A $550,000 home competes for a deep bench of buyers. A $1.3 million home competes for a short one, and a $4 million home for a handful.

Where are the million-dollar homes?

The top of the market is concentrated, not spread evenly. Here is where the $1 million-plus sales landed in 2026.

Area	Homes sold for $1M or more
Columbus (mailing address)	98
New Albany	62
Dublin	49
Powell	37
Upper Arlington	27
Westerville	27
Delaware	26
Plain City	22

Source: Columbus REALTORS MLS single-family closings of $1 million or more, January 1 through late September 2026, computed by Adam Geuy from the MLS export.

A few things stand out. New Albany is the clear suburban leader at 62, which fits a community built around a price point. Dublin and Powell follow, carrying the northwest corridor. The Columbus mailing address shows 98, but that figure is spread across near-in luxury pockets rather than one neighborhood, so it reads as several small concentrations, not a single hot spot. Upper Arlington and Westerville tie at 27, and Plain City at 22 is the surprise, a sign of how far the high end has pushed into the newer northwest suburbs. If you are shopping above $1 million, these eight places are most of the market.

Is the Columbus luxury market as competitive as the headlines say?

This is where the top of the market breaks from the story you have been told. Homes over $1 million sold above their original asking price just 28 percent of the time in 2026. The market as a whole ran 32 percent over ask. The expensive tier, in other words, is the less competitive one.

That runs against instinct, because luxury listings get the glossy photos and the attention. The math is simpler than the marketing: the pool of buyers who can pay seven figures is small, and it shrinks further at each step up. Fewer buyers chasing a given home means fewer bidding wars, more time on the market, and more sales that close at or below the asking price. A starter home priced right still draws a crowd; a $2 million home usually does not.

For a buyer, that is leverage. For a seller, it is a caution against pricing a luxury home as if the frenzy at the entry level applies at the top. It does not.

What is the dumbbell market, and why does it matter?

The shape of the 2026 Columbus market is a dumbbell: busy at both ends, slower in the middle. The luxury end is active, with those 495 million-dollar sales. The investor and entry end is active too. The softer part is the move-up middle, where a lot of owners who would normally trade up are staying put because the math of giving up a low rate for a higher one does not work.

The inventory picture fits that read. Listings have climbed to about 6,530 homes, up roughly 12.3 percent over last year and the most fall supply in about 10 years, according to Columbus REALTORS. Yet months of supply is still only about 2.6, up from 2.3, which is well under the four to six months that marks a balanced market. So inventory is loosening without the market tipping to buyers, and the loosening is uneven. It shows up first where buyers have the most leverage, which is the top.

In the deals I walk through with luxury buyers and sellers, the number that matters is almost never the citywide median. It is the standing inventory and the days-on-market in the specific community and price band, because at the top those vary enormously from one neighborhood to the next. A million-dollar home in one Dublin pocket behaves nothing like a million-dollar home two exits north.

What this means if you are buying or selling at the top

Two different playbooks, depending on your side of the table.

1. If you are buying above $1 million, you have more room than the headlines suggest. The 28 percent over-ask rate means most luxury homes do not sell in a bidding war, so there is usually space to negotiate on price, terms, and inspection, especially on a home that has been listed a while. Patience is an asset at this level in a way it is not at the entry point.
2. If you are selling above $1 million, price to the thin, selective audience you have, not to the frenzy at the starter level. The homes that move are the ones priced to the recent sold comps in their specific community, presented well, and not chasing the highest sale from the spring. An aspirational number sits, and a home that sits at this price loses leverage fast.

The luxury market is large and real in Columbus, but it rewards precision over urgency. The further up you go, the more the sale turns on the comps for your exact pocket and the less it turns on the broad story about a hot market.

Run the numbers on your pocket

The citywide figures set the stage, but your sale or purchase lives in one community and one price band. Send me the area you are buying or selling in and I will pull the active and sold million-dollar comps for that specific pocket, with the days-on-market and over-ask picture, so you are pricing or offering to the audience that exists rather than the headline. If you are weighing a higher-end move, the NACC and Tartan Fields luxury golf read covers two of the top communities, the Dublin neighborhood sale prices break that market down block by block, and the over-asking rates by Columbus suburb show where competition sits. For a read on your own home, start with a home value estimate or call me at 937-239-2919. The headline counts the market; your home still needs its own number, built from the comps in your pocket.

Adam Geuy, Realtor, Blacktree Realty. License #2020007964. ABR, PSA, SRS.

Figures are Columbus REALTORS MLS single-family closings, January 1 through late September 2026, computed from the MLS export. Over asking is sale price above original list price. The inventory and months-of-supply figures are Columbus REALTORS September 2026 data for the Columbus and Central Ohio market. Medians describe the market, not any one home. Verify the specific property before relying on any figure. Informational only.