Is Columbia, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Columbia is a neutral's market

Buyer's
Market

Difference Since October 2023

Since last year, Columbia has remained a Neutral Market.

Key Takeaway

Columbia is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Columbia, KY

How much do homes in Columbia, KY cost?

Median Sold Price

$195,700

$16/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$35,700(+22.3%)

Key Takeaway

Homes in Columbia have sold for 22.3% more than they did a year ago.

Summary: The median home sold price in Columbia was $195,700 in October 2024, up 22.3% from last year, and the median price per square foot was $16.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $99K-
N/A
2 $100K$155.3K
+55.4%
3 $192K$215K
+12.0%
4 $196.5K$307K
+56.2%
5+ $145.9K$90K
-38.3%

Summary: Columbia housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 55.4%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 56.2%, and 5+ bedroom homes decreased by 38.3%.

Housing Supply in Columbia, KY

How many homes are available in Columbia, KY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
613+116.7%

Summary: The Columbia real estate market had 13 homes for sale in October 2024, a 116.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 37
+133.3%
4 00
0.0%
5+ 24
+100.0%

Summary: The Columbia housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 133.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
02+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Columbia, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Columbia in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Columbia, KY

How long does it take to sell a home in Columbia, KY?

Average Sale Time

Oct 2023Oct 2024CHANGE
53 Days80 Days+51.9%

Summary: Homes in Columbia had an average of 80 days on market in Oct 2024, up by 51.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 October 2024, 2 homes were sold in Columbia; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 3 Days Ago

Newest Listings in Columbia, KY

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