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 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, IN

How much do homes in Columbus, IN cost?

Median Sold Price

$260,000

$134/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$9,409(+3.8%)

Key Takeaway

Homes in Columbus have sold for 3.8% more than they did a year ago.

Summary: The median home sold price in Columbus was $260,000 in March 2024, up 3.8% from last year, and the median price per square foot was $134.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $104.9K$123K
+17.2%
2 $150K$169K
+12.7%
3 $240.5K$245K
+1.9%
4 $345K$360K
+4.3%
5+ $455K$476K
+4.6%

Summary: Columbus housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.2%, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 4.6%.

Median Sold Price Compared To Nearby Cities

Harrison Township
+15.0%
Columbus Township
+6.1%
Columbus
+3.8%
Clay Township
-5.8%

Housing Supply in Columbus, IN

How many homes are available in Columbus, IN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
224230+2.7%

Summary: The Columbus real estate market had 230 homes for sale in March 2024, a 2.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 22
0.0%
2 3436
+5.9%
3 100109
+9.0%
4 6659
-10.6%
5+ 2224
+9.1%

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 5.9%, 3 bedroom homes increased by 9%, 4 bedroom homes decreased by 10.6%, and 5+ bedroom homes increased by 9.1%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
5976+28.8%

Asking Price vs. Sold Price

42 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

19 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. 55.3% of homes here sold below asking price last month.

Summary: A total of 76 homes were sold or pending in Columbus in March 2024, up by 28.8% month-over-month. Of the 76 sold homes, 55% were sold under asking, 20% 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

Mar 2023Mar 2024CHANGE
48 Days25 Days-47.4%

Summary: Homes in Columbus had an average of 25 days on market in Mar 2024, down by 47.4% compared to last year.

Breakdown of Home Sale Times

56 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

10 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 March 2024, 76 homes were sold in Columbus; 74% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 13% 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 25 Days Ago

Newest Listings in Columbus, IN

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