Is Columbus Township, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Columbus Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Columbus Township has remained a Seller's Market.

Key Takeaway

Columbus Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Columbus Township, IN

How much do homes in Columbus Township, IN cost?

Median Sold Price

$265,057

$135/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$14,835(+5.9%)

Key Takeaway

Homes in Columbus Township have sold for 5.9% more than they did a year ago.

Summary: The median home sold price in Columbus Township was $265,057 in May 2024, up 5.9% from last year, and the median price per square foot was $135.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $66.5K$115K
+72.9%
2 $152K$170.9K
+12.4%
3 $245K$245.3K
0.1%
4 $333.6K$370.9K
+11.2%
5+ $455K$482.5K
+6.0%

Summary: Columbus Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 72.9%, 2 bedroom homes increased by 12.4%, 3 bedroom homes increased by 0.1%, 4 bedroom homes increased by 11.2%, and 5+ bedroom homes increased by 6%.

Median Sold Price Compared To Nearby Cities

Harrison Township
+12.4%
Columbus Township
+5.9%
Columbus
+3.4%
Clay Township
+2.0%

Housing Supply in Columbus Township, IN

How many homes are available in Columbus Township, IN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
242278+14.9%

Summary: The Columbus Township real estate market had 278 homes for sale in May 2024, a 14.9% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 34
+33.3%
2 4240
-4.8%
3 107131
+22.4%
4 6371
+12.7%
5+ 2732
+18.5%

Summary: The Columbus Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes increased by 22.4%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 18.5%.

Number of Homes Sold

Apr 2024May 2024CHANGE
6983+20.3%

Asking Price vs. Sold Price

43 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

21 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Columbus Township, you may be able to get a good deal. 51.8% of homes here sold below asking price last month.

Summary: A total of 83 homes were sold or pending in Columbus Township in May 2024, up by 20.3% month-over-month. Of the 83 sold homes, 52% were sold under asking, 23% were sold at asking, and 25% were sold over asking.

Days on Market for Columbus Township, IN

How long does it take to sell a home in Columbus Township, IN?

Average Sale Time

May 2023May 2024CHANGE
18 Days25 Days+35.9%

Summary: Homes in Columbus Township had an average of 25 days on market in May 2024, up by 35.9% compared to last year.

Breakdown of Home Sale Times

66 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Columbus Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 83 homes were sold in Columbus Township; 80% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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