Is Columbia Heights, MN 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 Heights has remained a Seller's Market.
Key Takeaway
Columbia Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Columbia Heights, MN
How much do homes in Columbia Heights, MN cost?
Median Sold Price
$285,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Columbia Heights have sold for 1% less than they did a year ago.
Summary: The median home sold price in Columbia Heights was $285,000 in May 2024, down 1% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $152.2K | $150K | -1.5% |
| 2 Bedrooms | $205K | $245K | +19.5% |
| 3 Bedrooms | $280K | $290K | +3.6% |
| 4 Bedrooms | $325K | $325K | 0.0% |
| 5+ Bedrooms | $350K | $359.5K | +2.7% |
Summary: Columbia Heights housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.5%, 2 bedroom homes increased by 19.5%, 3 bedroom homes increased by 3.6%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 2.7%.
Median Sold Price Compared To Nearby Cities
| Saint Anthony | $367.5K | $380K | +3.4% |
| Fridley | $307K | $317K | +3.3% |
| New Brighton | $360K | $370K | +2.8% |
| Columbia Heights | $288K | $285K | -1.0% |
Housing Supply in Columbia Heights, MN
How many homes are available in Columbia Heights, MN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 68 | 77 | +13.2% |
Summary: The Columbia Heights real estate market had 77 homes for sale in May 2024, a 13.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 19 | 21 | +10.5% |
| 3 Bedrooms | 31 | 36 | +16.1% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Columbia Heights housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 26 | 23 | -11.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Columbia Heights, you could pay more than the asking price. 47.8% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Columbia Heights in May 2024, down by 11.5% month-over-month. Of the 23 sold homes, 26% were sold under asking, 26% were sold at asking, and 48% were sold over asking.
Days on Market for Columbia Heights, MN
How long does it take to sell a home in Columbia Heights, MN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 12 Days | 23 Days | +84.0% |
Summary: Homes in Columbia Heights had an average of 23 days on market in May 2024, up by 84% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Columbia Heights are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 23 homes were sold in Columbia Heights; 83% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
