Is Columbia, PA 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.
Key Takeaway
Columbia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Columbia, PA
How much do homes in Columbia, PA cost?
Median Sold Price
$225,000
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Columbia have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in Columbia was $225,000 in May 2024, up 4.7% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $155K | N/A |
| 2 Bedrooms | $175K | $180K | +2.9% |
| 3 Bedrooms | $195K | $210K | +7.7% |
| 4 Bedrooms | $240K | $287.4K | +19.8% |
| 5+ Bedrooms | $301.2K | $241K | -20.0% |
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 2.9%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 19.8%, and 5+ bedroom homes decreased by 20%.
Median Sold Price Compared To Nearby Cities
| West Hempfield Township | $308K | $340K | +10.4% |
| Columbia | $215K | $225K | +4.7% |
| Manor Township | $290.1K | $303K | +4.4% |
Housing Supply in Columbia, PA
How many homes are available in Columbia, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 52 | 47 | -9.6% |
Summary: The Columbia real estate market had 47 homes for sale in May 2024, a 9.6% decrease 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 | 8 | 10 | +25.0% |
| 3 Bedrooms | 26 | 21 | -19.2% |
| 4 Bedrooms | 13 | 11 | -15.4% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
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 25%, 3 bedroom homes decreased by 19.2%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 13 | +18.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Columbia, you could pay more than the asking price. 38.5% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Columbia in May 2024, up by 18.2% month-over-month. Of the 13 sold homes, 31% were sold under asking, 31% were sold at asking, and 38% were sold over asking.
Days on Market for Columbia, PA
How long does it take to sell a home in Columbia, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 16 Days | 49 Days | +197.5% |
Summary: Homes in Columbia had an average of 49 days on market in May 2024, up by 197.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Columbia are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 13 homes were sold in Columbia; 69% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
