Is Columbia, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Columbia has remained a Seller's Market.
Housing Prices in Columbia, IL
How much do homes in Columbia, IL cost?
Median Sold Price
$324,450
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Columbia was $324,450 in May 2024, up 6.4% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150K | - | N/A |
2 Bedrooms | $185K | $210.5K | +13.8% |
3 Bedrooms | $310K | $315K | +1.6% |
4 Bedrooms | $410K | $439.5K | +7.2% |
5+ Bedrooms | $551.3K | $596K | +8.1% |
Summary: Columbia housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 8.1%.
Median Sold Price Compared To Nearby Cities
Columbia | $305K | $324.4K | +6.4% |
Sugar Loaf Township | $137.6K | $146.5K | +6.4% |
Dupo | $137.6K | $136.2K | -1.0% |
Housing Supply in Columbia, IL
How many homes are available in Columbia, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 32 | +23.1% |
Summary: The Columbia real estate market had 32 homes for sale in May 2024, a 23.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 1 | -66.7% |
3 Bedrooms | 13 | 17 | +30.8% |
4 Bedrooms | 8 | 13 | +62.5% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Columbia housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes increased by 30.8%, 4 bedroom homes increased by 62.5%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 9 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Columbia in May 2024, the same as the previous month. Of the 9 sold homes, 33% were sold under asking, 22% were sold at asking, and 44% were sold over asking.
Days on Market for Columbia, IL
How long does it take to sell a home in Columbia, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
33 Days | 13 Days | -59.5% |
Summary: Homes in Columbia had an average of 13 days on market in May 2024, down by 59.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Columbia; 44% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.