Is Columbia, MO 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, MO
How much do homes in Columbia, MO cost?
Median Sold Price
$299,991
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Columbia was $299,991 in February 2024, up 5.4% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $102.5K | $130K | +26.8% |
2 Bedrooms | $141.5K | $165K | +16.6% |
3 Bedrooms | $250K | $265.8K | +6.3% |
4 Bedrooms | $340K | $356.8K | +5.0% |
5+ Bedrooms | $534.9K | $510K | -4.7% |
Summary: Columbia housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.8%, 2 bedroom homes increased by 16.6%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 4.7%.
Median Sold Price Compared To Nearby Cities
Katy Township | $263.6K | $317.5K | +20.4% |
Missouri Township | $284.9K | $301.5K | +5.8% |
Columbia | $284.6K | $299.9K | +5.4% |
Columbia Township | $284.5K | $300K | +5.4% |
Rock Bridge Township | $421.5K | $430K | +2.0% |
Housing Supply in Columbia, MO
How many homes are available in Columbia, MO?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
384 | 387 | +0.8% |
Summary: The Columbia real estate market had 387 homes for sale in February 2024, a 0.8% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 35 | 34 | -2.9% |
3 Bedrooms | 156 | 175 | +12.2% |
4 Bedrooms | 118 | 103 | -12.7% |
5+ Bedrooms | 73 | 73 | 0.0% |
Summary: The Columbia housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 2.9%, 3 bedroom homes increased by 12.2%, 4 bedroom homes decreased by 12.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
85 | 90 | +5.9% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Summary: A total of 90 homes were sold or pending in Columbia in February 2024, up by 5.9% month-over-month. Of the 88 sold homes, 44% were sold under asking, 27% were sold at asking, and 28% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
42 Days | 46 Days | +10.9% |
Summary: Homes in Columbia had an average of 46 days on market in Feb 2024, up by 10.9% compared to last year.
Breakdown of Home Sale Times
48 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Summary: During February 2024, 90 homes were sold in Columbia; 53% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.