Is Columbia, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Columbia has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $102.5K | $135K | +31.7% |
2 Bedrooms | $144.5K | $169.2K | +17.1% |
3 Bedrooms | $250K | $268.2K | +7.3% |
4 Bedrooms | $340.1K | $356.7K | +4.9% |
5+ Bedrooms | $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 | $266K | $355K | +33.5% |
Missouri Township | $286.8K | $307.3K | +7.2% |
Columbia | $285K | $302.1K | +6.0% |
Columbia Township | $285K | $302.2K | +6.0% |
Rock Bridge Township | $421.5K | $435K | +3.2% |
Housing Supply in Columbia, MO
How many homes are available in Columbia, MO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
403 | 458 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 35 | 35 | 0.0% |
3 Bedrooms | 181 | 213 | +17.7% |
4 Bedrooms | 109 | 123 | +12.8% |
5+ Bedrooms | 76 | 85 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
93 | 128 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
32 Days | 41 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
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.