Is Columbia, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Columbia has remained a Seller's Market.
Key Takeaway
Columbia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Columbia, CT
How much do homes in Columbia, CT cost?
Median Sold Price
$435,000
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Columbia have sold for 27.9% more than they did a year ago.
Summary: The median home sold price in Columbia was $435,000 in March 2024, up 27.9% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $291.2K | $332.5K | +14.2% |
| 3 Bedrooms | $326.8K | $435K | +33.1% |
| 4 Bedrooms | $435K | $467.5K | +7.5% |
| 5+ Bedrooms | $537.5K | $515.5K | -4.1% |
Summary: Columbia housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.2%, 3 bedroom homes increased by 33.1%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes decreased by 4.1%.
Median Sold Price Compared To Nearby Cities
| Columbia | $340K | $435K | +27.9% |
| Willimantic | $205K | $234K | +14.1% |
| Windham | $213.5K | $243K | +13.8% |
| Coventry | $298K | $337.5K | +13.3% |
| Lebanon | $345K | $368K | +6.7% |
Housing Supply in Columbia, CT
How many homes are available in Columbia, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 10 | -37.5% |
Summary: The Columbia real estate market had 10 homes for sale in March 2024, a 37.5% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 11 | 6 | -45.5% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Columbia housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 45.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Columbia, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Columbia in March 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Columbia, CT
How long does it take to sell a home in Columbia, CT?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Columbia are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 3 homes were sold in Columbia; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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