Is Columbus, GA 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, Columbus has remained a Seller's Market.
Key Takeaway
Columbus is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Columbus, GA
How much do homes in Columbus, GA cost?
Median Sold Price
$193,500
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Columbus have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Columbus was $193,500 in March 2024, up 6.9% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85.7K | - | N/A |
| 2 Bedrooms | $43.5K | $75K | +72.4% |
| 3 Bedrooms | $159.9K | $155K | -3.1% |
| 4 Bedrooms | $247.4K | $315K | +27.3% |
| 5+ Bedrooms | $430K | $452.2K | +5.2% |
Summary: Columbus 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 72.4%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 5.2%.
Median Sold Price Compared To Nearby Cities
| Columbus | $180.9K | $193.5K | +6.9% |
| Columbus East | $160K | $155.4K | -2.9% |
Housing Supply in Columbus, GA
How many homes are available in Columbus, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 130 | 133 | +2.3% |
Summary: The Columbus real estate market had 133 homes for sale in March 2024, a 2.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 61 | 66 | +8.2% |
| 4 Bedrooms | 48 | 46 | -4.2% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Columbus 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 increased by 9.1%, 3 bedroom homes increased by 8.2%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 27 | 30 | +11.1% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Columbus, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in Columbus in March 2024, up by 11.1% month-over-month. Of the 24 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Columbus, GA
How long does it take to sell a home in Columbus, GA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 70 Days | 50 Days | -28.6% |
Summary: Homes in Columbus had an average of 50 days on market in Mar 2024, down by 28.6% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Columbus are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 30 homes were sold in Columbus; 53% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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