$5,284 Closing Credit*
$445,000
1,706 SqFt
3 Beds
•3 Full Baths, 1 Partial
Karriem Hopwood, Listing Office: Corner House Realty
Is Columbia, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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, MD
How much do homes in Columbia, MD cost?
Median Sold Price
$485,875
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$36,187(+8.0%)
Key Takeaway
Homes in Columbia have sold for 8% more than they did a year ago.
Summary: The median home sold price in Columbia was $485,875 in October 2024, up 8% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $199K | +17.1% |
| 2 Bedrooms | $270K | $300K | +11.1% |
| 3 Bedrooms | $415K | $440K | +6.0% |
| 4 Bedrooms | $575K | $591.8K | +2.9% |
| 5+ Bedrooms | $775K | $750K | -3.2% |
Summary: Columbia housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.1%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 3.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Scaggsville | $525.4K | $590K | +12.3% |
| Columbia | $449.6K | $485.8K | +8.0% |
| Ellicott City | $645K | $675K | +4.7% |
| Ilchester | $500K | $500K | 0.0% |
| Savage | $482.5K | $480K | -0.5% |
Housing Supply in Columbia, MD
How many homes are available in Columbia, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 218 | 236 | +8.3% |
Summary: The Columbia real estate market had 236 homes for sale in October 2024, a 8.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 12 | +20.0% |
| 2 Bedrooms | 34 | 36 | +5.9% |
| 3 Bedrooms | 77 | 84 | +9.1% |
| 4 Bedrooms | 73 | 78 | +6.8% |
| 5+ Bedrooms | 24 | 26 | +8.3% |
Summary: The Columbia housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 74 | 83 | +12.2% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
51 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Columbia, you could pay more than the asking price. 61.4% of homes here sold above asking price last month.
Summary: A total of 83 homes were sold or pending in Columbia in October 2024, up by 12.2% month-over-month. Of the 83 sold homes, 22% were sold under asking, 17% were sold at asking, and 61% were sold over asking.
Days on Market for Columbia, MD
How long does it take to sell a home in Columbia, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 14 Days | -4.0% |
Summary: Homes in Columbia had an average of 14 days on market in Oct 2024, down by 4% compared to last year.
Breakdown of Home Sale Times
71 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
0 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 October 2024, 83 homes were sold in Columbia; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
