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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Columbus Township is a seller's market

Buyer's
Market

Difference Since May 2021

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

Key Takeaway

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

How much do homes in Columbus Township, MI cost?

Median Sold Price

$307,500

$182/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$52,500(+20.6%)

Key Takeaway

Homes in Columbus Township have sold for 20.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 --
N/A
2 $224.5K-
N/A
3 $248.5K$305K
+22.7%
4 $337.9K$385K
+13.9%
5+ $255K$304.5K
+19.4%

Median Sold Price Compared To Nearby Cities

Columbus Township
+20.6%
Columbus
+20.6%
Richmond
+19.5%
Richmond Township
+7.5%

How many homes are available in Columbus Township, MI?

Number of Homes For Sale

Apr 2022May 2022%
96-33.3%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 00
0.0%
2 00
0.0%
3 64
-33.3%
4 21
-50.0%
5+ 11
0.0%

Number of Homes Sold

Apr 2022May 2022%
440.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Columbus Township, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Average Sale Time

May 2021May 2022%
28 Days33 Days+17.4%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Columbus Township, MI

Columbus Township, MI has 6 homes for sale to choose from. The number of homes for sale in Columbus Township, MI decreased by 33.3% between April 2022 and May 2022. In May 2022 median list price was $307,500 and the average listing age was 33 days. From April 2022 through May 2022, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties increased by 0%, prices of 3 bedrooms properties increased by 22.7%, the cost of 4 bedrooms properties went up by 13.9%, the cost of 5 bedrooms properties went up by 19.4%. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes have not changed, volume of 2 bedrooms homes stayed the same, 3 bedrooms homes became 33.3% less available, 4 bedrooms homes became 50% less available, 5 bedrooms homes inventory did not change. Columbus Township, MI housing market in May 2022 saw over 3 listings sold above listed price, more than 0 sold at listed price and over 1 sold below.

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