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 November 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

$270,025

$139/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$11,631(+4.5%)

Key Takeaway

Homes in Columbus have sold for 4.5% more than they did a year ago.

Summary: The median home sold price in Columbus was $270,025 in November 2024, up 4.5% from last year, and the median price per square foot was $139.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $115K$127.3K
+10.7%
2 $160K$178K
+11.3%
3 $242K$254.3K
+5.1%
4 $360K$364.5K
+1.3%
5+ $480K$490.5K
+2.2%

Summary: Columbus housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.7%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 2.2%.

Median Sold Price Compared To Nearby Cities

Clay Township
+11.8%
Wayne Township
+10.2%
Columbus
+4.5%
Harrison Township
+4.3%
Columbus Township
+4.1%

Housing Supply in Columbus, IN

How many homes are available in Columbus, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
302265-12.3%

Summary: The Columbus real estate market had 265 homes for sale in November 2024, a 12.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 5455
+1.9%
3 127105
-17.3%
4 8773
-16.1%
5+ 3431
-8.8%

Summary: The Columbus housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 1.9%, 3 bedroom homes decreased by 17.3%, 4 bedroom homes decreased by 16.1%, and 5+ bedroom homes decreased by 8.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
9065-27.8%

Asking Price vs. Sold Price

27 Homes Were Sold
Under Asking

27 Homes Were Sold
At Asking

11 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. 41.5% of homes here sold below asking price last month.

Summary: A total of 65 homes were sold or pending in Columbus in November 2024, down by 27.8% month-over-month. Of the 65 sold homes, 42% were sold under asking, 42% were sold at asking, and 17% 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

Nov 2023Nov 2024CHANGE
17 Days36 Days+103.8%

Summary: Homes in Columbus had an average of 36 days on market in Nov 2024, up by 103.8% compared to last year.

Breakdown of Home Sale Times

35 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

8 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 November 2024, 65 homes were sold in Columbus; 54% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 12% 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 17 Days Ago

Newest Listings in Columbus, IN

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