Is Columbia, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Columbia was a Seller's Market.
Key Takeaway
Columbia is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Columbia, PA
How much do homes in Columbia, PA cost?
Median Sold Price
$225,000
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Columbia have sold for 16.1% more than they did a year ago.
Summary: The median home sold price in Columbia was $225,000 in March 2024, up 16.1% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $155K | N/A |
| 2 Bedrooms | $186K | $180K | -3.2% |
| 3 Bedrooms | $189.9K | $205.7K | +8.3% |
| 4 Bedrooms | $225K | $290K | +28.9% |
| 5+ Bedrooms | $262.5K | $250K | -4.8% |
Summary: Columbia housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.2%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 28.9%, and 5+ bedroom homes decreased by 4.8%.
Median Sold Price Compared To Nearby Cities
| Columbia | $193.7K | $225K | +16.1% |
| West Hempfield Township | $313K | $339.9K | +8.6% |
| Manor Township | $292.6K | $310K | +5.9% |
Housing Supply in Columbia, PA
How many homes are available in Columbia, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 80 | 84 | +5.0% |
Summary: The Columbia real estate market had 84 homes for sale in March 2024, a 5.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 12 | -7.7% |
| 3 Bedrooms | 27 | 28 | +3.7% |
| 4 Bedrooms | 24 | 26 | +8.3% |
| 5+ Bedrooms | 16 | 18 | +12.5% |
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 decreased by 7.7%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 14 | +7.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Columbia, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 14 homes were sold or pending in Columbia in March 2024, up by 7.7% month-over-month. Of the 14 sold homes, 14% were sold under asking, 50% were sold at asking, and 36% were sold over asking.
Days on Market for Columbia, PA
How long does it take to sell a home in Columbia, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 23 Days | 10 Days | -56.1% |
Summary: Homes in Columbia had an average of 10 days on market in Mar 2024, down by 56.1% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Columbia are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 14 homes were sold in Columbia; 93% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
