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 April 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

$306,157

$161/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$20,947(+7.3%)

Key Takeaway

Homes in Columbia have sold for 7.3% more than they did a year ago.

Summary: The median home sold price in Columbia was $306,157 in April 2024, up 7.3% from last year, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $102.5K$132.5K
+29.3%
2 $145K$169.9K
+17.2%
3 $250K$268K
+7.2%
4 $349.2K$357.4K
+2.4%
5+ $514.3K$536.6K
+4.3%

Summary: Columbia housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.3%, 2 bedroom homes increased by 17.2%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 4.3%.

Median Sold Price Compared To Nearby Cities

Katy Township
+27.7%
Rock Bridge Township
+10.9%
Columbia
+7.3%
Columbia Township
+7.3%
Missouri Township
+6.5%

Housing Supply in Columbia, MO

How many homes are available in Columbia, MO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
488531+8.8%

Summary: The Columbia real estate market had 531 homes for sale in April 2024, a 8.8% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 21
-50.0%
2 3440
+17.6%
3 231249
+7.8%
4 128135
+5.5%
5+ 93106
+14.0%

Summary: The Columbia housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 14%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
129151+17.1%

Asking Price vs. Sold Price

47 Homes Were Sold
Under Asking

49 Homes Were Sold
At Asking

51 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Columbia, you could pay more than the asking price. 34.7% of homes here sold above asking price last month.

Summary: A total of 151 homes were sold or pending in Columbia in April 2024, up by 17.1% month-over-month. Of the 147 sold homes, 32% were sold under asking, 33% were sold at asking, and 35% 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

Apr 2023Apr 2024CHANGE
29 Days34 Days+16.8%

Summary: Homes in Columbia had an average of 34 days on market in Apr 2024, up by 16.8% compared to last year.

Breakdown of Home Sale Times

112 Homes Were Sold
Under 30 Days

20 Homes Were Sold
In 30 - 90 Days

19 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 April 2024, 151 homes were sold in Columbia; 74% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% 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

Newest Listings in Columbia, MO

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