Is Columbia, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Columbia is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Columbia, MO

How much do homes in Columbia, MO cost?

Median Sold Price

$302,160

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$17,072(+6.0%)

Key Takeaway

Homes in Columbia have sold for 6% more than they did a year ago.

Summary: The median home sold price in Columbia was $302,160 in March 2024, up 6% from last year, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $102.5K$135K
+31.7%
2 $144.5K$169.2K
+17.1%
3 $250K$268.2K
+7.3%
4 $340.1K$356.7K
+4.9%
5+ $520.8K$523.2K
0.5%

Summary: Columbia housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.7%, 2 bedroom homes increased by 17.1%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 0.5%.

Median Sold Price Compared To Nearby Cities

Katy Township
+33.5%
Missouri Township
+7.2%
Columbia
+6.0%
Columbia Township
+6.0%
Rock Bridge Township
+3.2%

Housing Supply in Columbia, MO

How many homes are available in Columbia, MO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
403458+13.6%

Summary: The Columbia real estate market had 458 homes for sale in March 2024, a 13.6% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 22
0.0%
2 3535
0.0%
3 181213
+17.7%
4 109123
+12.8%
5+ 7685
+11.8%

Summary: The Columbia 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 remained the same, 3 bedroom homes increased by 17.7%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 11.8%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
93128+37.6%

Asking Price vs. Sold Price

53 Homes Were Sold
Under Asking

31 Homes Were Sold
At Asking

41 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Columbia, you may be able to get a good deal. 42.4% of homes here sold below asking price last month.

Summary: A total of 128 homes were sold or pending in Columbia in March 2024, up by 37.6% month-over-month. Of the 125 sold homes, 42% were sold under asking, 25% were sold at asking, and 33% were sold over asking.

Days on Market for Columbia, MO

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

Average Sale Time

Mar 2023Mar 2024CHANGE
32 Days41 Days+24.7%

Summary: Homes in Columbia had an average of 41 days on market in Mar 2024, up by 24.7% compared to last year.

Breakdown of Home Sale Times

87 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

23 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 128 homes were sold in Columbia; 68% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 18% 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 Columbia, MO

Nearby Markets to Columbia, MO

What housing markets are near Columbia, MO?