Is Columbia Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Columbia Township is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Columbia Township has remained a Seller's Market.

Key Takeaway

Columbia Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Columbia Township, MI

How much do homes in Columbia Township, MI cost?

Median Sold Price

$230,000

$169/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$30,000(+15.0%)

Key Takeaway

Homes in Columbia Township have sold for 15% more than they did a year ago.

Summary: The median home sold price in Columbia Township was $230,000 in September 2024, up 15% from last year, and the median price per square foot was $169.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$182.5K
N/A
2 $171.1K$162.5K
-5.0%
3 $200K$277.5K
+38.8%
4 $377K$262.5K
-30.4%
5+ $335.3K-
N/A

Summary: Columbia Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5%, 3 bedroom homes increased by 38.8%, 4 bedroom homes decreased by 30.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Columbia Township
+15.0%
Grand Junction
+15.0%
Bloomingdale Township
+9.5%

Housing Supply in Columbia Township, MI

How many homes are available in Columbia Township, MI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1312-7.7%

Summary: The Columbia Township real estate market had 12 homes for sale in September 2024, a 7.7% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 45
+25.0%
3 67
+16.7%
4 30
-100.0%
5+ 00
0.0%

Summary: The Columbia Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
53-40.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Columbia Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Columbia Township in September 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Columbia Township, MI

How long does it take to sell a home in Columbia Township, MI?

Average Sale Time

Sep 2023Sep 2024CHANGE
32 Days3 Days-88.5%

Summary: Homes in Columbia Township had an average of 3 days on market in Sep 2024, down by 88.5% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Columbia Township are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 3 homes were sold in Columbia Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 30 Days Ago

Newest Listings in Columbia Township, MI

Nearby Markets to Columbia Township, MI

What housing markets are near Columbia Township, MI?