What Will Monterey Square Mean for Dublin, Ohio Home Values?

Dublin approved the preliminary plan for Monterey Square, a village-style retail and dining square on West Bridge Street, and the question I keep getting from owners near the Bridge Street District is whether it helps or hurts their house. The thing it would add to is already in the numbers. The 28 single-family homes that sold within a mile of Historic Dublin in 2026 closed at a median $600,500 and $266 a finished square foot, with 61 percent of them going over the original asking price. That is the highest price per foot in the city, on the oldest and smallest houses in it.

I pulled every 2026 Dublin closing off the MLS and sorted it by how far each house sits from the West Bridge Street and High Street core, using the listing coordinates. What the development is, and what the data around it already says, is below.

What is Monterey Square, and where is it?

Monterey Square is a development proposed by Wood Companies, the Columbus group behind several Short North buildings. It sits on about 6.6 acres along both sides of Monterey Drive, just south of West Bridge Street near the Dublin Cemetery. The plan calls for roughly 95,000 square feet of retail and dining, reported as high as 140,000 square feet once office space is counted, arranged around a half-acre public square meant as a privately owned, publicly used gathering place.

Dublin's Planning Commission supported the preliminary development plan in February 2026. Several neighboring residents spoke in favor at that meeting. The critiques that came up were about traffic, specifically a request for a traffic signal at West Bridge Street and Monterey Drive. The project is now working toward final development approval.

That puts it in the Bridge Street District, the walkable corridor the city has spent a decade building around, next to Historic Dublin and the Scioto riverfront. The relevant question for a homeowner is not whether a shopping district is nice. It is whether proximity to that corridor is already paying, and by how much.

What do homes near the Bridge Street District sell for?

Here is 2026, measured in rings out from the Historic Dublin core at West Bridge and High.

Distance from Historic Dublin	2026 sales	Median price	$/sq ft	Median sq ft	Median year built	Over original ask	Days to contract
Within 1 mile	28	$600,500	$266	2,018	1977	61%	10
Within 1.5 miles	79	$585,000	$254	2,100	1980	48%	9
Within 2 miles	146	$553,000	$238	2,242	1985	48%	9
Within 3 miles	297	$594,000	$222	2,582	1988	45%	10
Dublin citywide	482	$634,448	$220	2,827	1992	43%	12

Source: Columbus REALTORS MLS, single-family closings with a Dublin mailing address, January 1 through September 21, 2026, computed by Adam Geuy from the MLS export. Distance is from each listing's latitude and longitude to the West Bridge Street and North High Street intersection. All 482 sales carried coordinates. Rings are cumulative.

Read the price-per-foot column, not the median price. The citywide median is the highest number on the table at $634,448, but that is because the far west side of Dublin, out toward Jerome Township, has the newest and biggest houses, and size moves the median. Hold the measure to price per foot and the picture flips. The homes within a mile of the core sell for $266 a foot. Citywide it is $220. That $46 a foot gap, on houses that are 15 years older and 800 square feet smaller than the citywide median, is what the walkable location is worth.

The over-ask column says the same thing louder. Sixty-one percent of the sales within a mile of Historic Dublin closed above the original asking price, against 43 percent citywide, and they did it in a median 10 days. That is the signature of a pocket where demand outruns supply.

Which neighborhoods are closest to Monterey Square?

The subdivisions inside the mile-and-a-half ring run a wide range, because the core mixes original Dublin streets with newer infill.

Neighborhood	2026 sales	Median price
Killilea	4	$977,084
Waterford Village	4	$643,500
Hemingway Village	6	$588,750
Riverside Hills	4	$418,500
Riverside Green	19	$399,900

Source: same dataset, subdivisions with at least four 2026 sales whose listings fall within a mile and a half of Historic Dublin.

Riverside Green is the volume, 19 sales at a median $399,900, and it is the entry point to the walkable core: a buyer who wants to be near Bridge Street without a $600,000 budget starts there. Killilea at the top is the custom end. The spread is the opportunity. A development like Monterey Square tends to pull the bottom of a walkable district up faster than the top, because what it adds, walkable dining and a gathering space, matters more to the $400,000 buyer deciding between here and a car-dependent suburb than to the $977,000 buyer who already bought the location.

Is Monterey Square good or bad for my home value?

For the homeowner near the Bridge Street District, the development lands on the right side of the ledger, with one caveat worth naming.

The upside is plain. The premium that walkable retail, dining and public space create is exactly the premium this ring already earns, $266 a foot and 61 percent over ask. A well-run village square with a public gathering place reinforces that. In my experience, buyers pay for the ability to walk to something, and Dublin has spent a decade proving it in the Bridge Street District numbers.

The caveat is the construction phase and the traffic. The residents who spoke at the February meeting supported the project and raised traffic at West Bridge Street and Monterey Drive, which is why the city is looking at a signal there. A two-year build next door is noise, dust and detours before it is an amenity. If you are selling in that window, it is a disclosure conversation and a pricing conversation, not a reason to panic. If you are buying, it is leverage on a specific house, not on the district.

What I would not do is treat "a development got approved" as a number. It is not. The number is what your street has actually done, and near the core that number is strong before the first shovel.

What this means for you

If you own within a mile or two of Historic Dublin, you own the part of the city with the highest price per foot and the fastest sales, and Monterey Square is a tailwind on top of that. The Dublin neighborhood sold table shows what every subdivision did this year, and the Dublin property tax post covers what the bill looks like on these addresses. The city's other big land-use story, the West Innovation District rezoning, is the opposite end of town and a different kind of value question.

If you are weighing Dublin against the suburb next door, the Dublin versus Westerville buyer's guide runs the price gap, and the Dublin suburb page has the current listings.

Send me your street or your subdivision and I will pull every 2026 sale within a mile of it, its distance to the Bridge Street District, the price per foot and how far over or under ask each one closed, before you buy or list. If you own near the core and want to know what Monterey Square does to your specific number, a current value read on your home is the place to start. Book a time at calendly.com/adam-geuy or call me at 937-239-2919.

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

Housing figures are Columbus REALTORS MLS closed single-family sales with a Dublin mailing address, January 1 through September 21, 2026, grouped by distance from the listing coordinates to West Bridge Street and North High Street. Medians on small samples move with single sales. Monterey Square details are as reported by Columbus Underground and NBC4 and are subject to the city's final development approval; nothing here is a prediction of what the city or the developer will do. Verify the specific parcel before relying on any figure. Informational only.