Is Columbia, MO 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, MO
How much do homes in Columbia, MO cost?
Median Sold Price
$301,941
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Columbia was $301,941 in May 2024, up 4.9% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $89.9K | $135K | +50.2% |
2 Bedrooms | $145K | $165K | +13.8% |
3 Bedrooms | $252K | $265.8K | +5.5% |
4 Bedrooms | $349.4K | $358.3K | +2.5% |
5+ Bedrooms | $517.5K | $528K | +2.0% |
Summary: Columbia housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 50.2%, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 2%.
Median Sold Price Compared To Nearby Cities
Katy Township | $261.2K | $320K | +22.5% |
Rock Bridge Township | $424K | $465K | +9.7% |
Columbia Township | $286.9K | $301.8K | +5.2% |
Columbia | $287.8K | $301.9K | +4.9% |
Missouri Township | $289.7K | $301.5K | +4.1% |
Housing Supply in Columbia, MO
How many homes are available in Columbia, MO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
567 | 577 | +1.8% |
Summary: The Columbia real estate market had 577 homes for sale in May 2024, a 1.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 45 | 49 | +8.9% |
3 Bedrooms | 259 | 275 | +6.2% |
4 Bedrooms | 146 | 143 | -2.1% |
5+ Bedrooms | 116 | 109 | -6.0% |
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 increased by 8.9%, 3 bedroom homes increased by 6.2%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes decreased by 6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
154 | 176 | +14.3% |
Asking Price vs. Sold Price
54 Homes Were Sold
Under Asking
52 Homes Were Sold
At Asking
67 Homes Were Sold
Over Asking
Summary: A total of 176 homes were sold or pending in Columbia in May 2024, up by 14.3% month-over-month. Of the 173 sold homes, 31% were sold under asking, 30% were sold at asking, and 39% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
26 Days | 23 Days | -10.8% |
Summary: Homes in Columbia had an average of 23 days on market in May 2024, down by 10.8% compared to last year.
Breakdown of Home Sale Times
143 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During May 2024, 176 homes were sold in Columbia; 81% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.