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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Columbus is a seller's market

Buyer's
Market

Difference Since May 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, IN

How much do homes in Columbus, IN cost?

Median Sold Price

$265,057

$135/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$8,807(+3.4%)

Key Takeaway

Homes in Columbus have sold for 3.4% more than they did a year ago.

Summary: The median home sold price in Columbus was $265,057 in May 2024, up 3.4% 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$245.4K
0.2%
4 $335K$370.9K
+10.7%
5+ $455K$482.5K
+6.0%

Summary: Columbus 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 0.2%, 4 bedroom homes increased by 10.7%, 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, IN

How many homes are available in Columbus, IN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
242278+14.9%

Summary: The Columbus 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 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, 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 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, IN

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

Average Sale Time

May 2023May 2024CHANGE
18 Days25 Days+35.9%

Summary: Homes in Columbus 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 are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 83 homes were sold in Columbus; 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 13 Days Ago

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