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 February 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

$299,991

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$15,321(+5.4%)

Key Takeaway

Homes in Columbia have sold for 5.4% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $102.5K$130K
+26.8%
2 $141.5K$165K
+16.6%
3 $250K$265.8K
+6.3%
4 $340K$356.8K
+5.0%
5+ $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
+20.4%
Missouri Township
+5.8%
Columbia
+5.4%
Columbia Township
+5.4%
Rock Bridge Township
+2.0%

Housing Supply in Columbia, MO

How many homes are available in Columbia, MO?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
384387+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

# BEDSJan 2024Feb 2024CHANGE
1 22
0.0%
2 3534
-2.9%
3 156175
+12.2%
4 118103
-12.7%
5+ 7373
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 2024Feb 2024CHANGE
8590+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Columbia, you may be able to get a good deal. 44.3% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
42 Days46 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 27 Days Ago

Newest Listings in Columbia, MO

Nearby Markets to Columbia, MO

What housing markets are near Columbia, MO?