Is Columbia, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Columbia has remained a Seller's Market.
Housing Prices in Columbia, MD
How much do homes in Columbia, MD cost?
Median Sold Price
$460,310
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Columbia was $460,310 in February 2024, up 6.8% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $165K | $171K | +3.6% |
2 Bedrooms | $265K | $276K | +4.2% |
3 Bedrooms | $405.9K | $418K | +3.0% |
4 Bedrooms | $561.5K | $585K | +4.2% |
5+ Bedrooms | $666K | $770.2K | +15.7% |
Summary: Columbia housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.6%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 15.7%.
Median Sold Price Compared To Nearby Neighborhoods
Savage | $391.5K | $490K | +25.2% |
Ilchester | $453K | $499.6K | +10.3% |
Columbia | $430.8K | $460.3K | +6.8% |
Scaggsville | $525K | $526.5K | 0.3% |
Ellicott City | $661.3K | $625K | -5.5% |
Housing Supply in Columbia, MD
How many homes are available in Columbia, MD?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
205 | 227 | +10.7% |
Summary: The Columbia real estate market had 227 homes for sale in February 2024, a 10.7% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 6 | +50.0% |
2 Bedrooms | 34 | 36 | +5.9% |
3 Bedrooms | 69 | 74 | +7.2% |
4 Bedrooms | 73 | 75 | +2.7% |
5+ Bedrooms | 25 | 36 | +44.0% |
Summary: The Columbia housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 44%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
56 | 62 | +10.7% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
35 Homes Were Sold
Over Asking
Summary: A total of 62 homes were sold or pending in Columbia in February 2024, up by 10.7% month-over-month. Of the 62 sold homes, 23% were sold under asking, 21% were sold at asking, and 56% were sold over asking.
Days on Market for Columbia, MD
How long does it take to sell a home in Columbia, MD?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
24 Days | 18 Days | -23.5% |
Summary: Homes in Columbia had an average of 18 days on market in Feb 2024, down by 23.5% compared to last year.
Breakdown of Home Sale Times
52 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During February 2024, 62 homes were sold in Columbia; 84% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.