Is Columbus, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Columbus is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Columbus has remained a Seller's Market.

Key Takeaway

Columbus is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Columbus, IN

How much do homes in Columbus, IN cost?

Median Sold Price

$261,666

$135/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$6,537(+2.6%)

Key Takeaway

Homes in Columbus have sold for 2.6% more than they did a year ago.

Summary: The median home sold price in Columbus was $261,666 in April 2024, up 2.6% from last year, and the median price per square foot was $135.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $83.2K$123K
+47.7%
2 $150K$173K
+15.3%
3 $244.9K$246K
0.4%
4 $336.2K$368.2K
+9.5%
5+ $455K$462.5K
+1.6%

Summary: Columbus housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.7%, 2 bedroom homes increased by 15.3%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 1.6%.

Median Sold Price Compared To Nearby Cities

Harrison Township
+11.3%
Columbus Township
+4.7%
Columbus
+2.6%
Clay Township
-6.8%

Housing Supply in Columbus, IN

How many homes are available in Columbus, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
236239+1.3%

Summary: The Columbus real estate market had 239 homes for sale in April 2024, a 1.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 22
0.0%
2 3741
+10.8%
3 111104
-6.3%
4 5963
+6.8%
5+ 2729
+7.4%

Summary: The Columbus housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10.8%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 7.4%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
8068-15.0%

Asking Price vs. Sold Price

38 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Columbus, you may be able to get a good deal. 55.9% of homes here sold below asking price last month.

Summary: A total of 68 homes were sold or pending in Columbus in April 2024, down by 15.0% month-over-month. Of the 68 sold homes, 56% were sold under asking, 21% were sold at asking, and 24% were sold over asking.

Days on Market for Columbus, IN

How long does it take to sell a home in Columbus, IN?

Average Sale Time

Apr 2023Apr 2024CHANGE
24 Days25 Days+4.4%

Summary: Homes in Columbus had an average of 25 days on market in Apr 2024, up by 4.4% compared to last year.

Breakdown of Home Sale Times

55 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 68 homes were sold in Columbus; 81% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 9% 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 5 Days Ago

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