$6,531 Closing Credit*
$550,000
2,496 SqFt
6 Beds
•3 Full Baths
Brian Sanks, Listing Office: Samson Properties
Is Columbia, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$486,023
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$35,815(+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 $486,023 in November 2024, up 8% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $200K | +17.6% |
| 2 Bedrooms | $265K | $300K | +13.2% |
| 3 Bedrooms | $415K | $440K | +6.0% |
| 4 Bedrooms | $578.5K | $585.6K | +1.2% |
| 5+ Bedrooms | $765.5K | $750K | -2.0% |
Summary: Columbia housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.6%, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes decreased by 2%.
Median Sold Price Compared To Nearby Neighborhoods
| Scaggsville | $525K | $605K | +15.2% |
| Columbia | $450.2K | $486K | +8.0% |
| Ellicott City | $642.5K | $675K | +5.1% |
| Ilchester | $505K | $505K | 0.0% |
| Savage | $490K | $475K | -3.1% |
Housing Supply in Columbia, MD
How many homes are available in Columbia, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 219 | 208 | -5.0% |
Summary: The Columbia real estate market had 208 homes for sale in November 2024, a 5.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 9 | -18.2% |
| 2 Bedrooms | 31 | 29 | -6.5% |
| 3 Bedrooms | 80 | 76 | -5.0% |
| 4 Bedrooms | 75 | 75 | 0.0% |
| 5+ Bedrooms | 22 | 19 | -13.6% |
Summary: The Columbia housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 18.2%, 2 bedroom homes decreased by 6.5%, 3 bedroom homes decreased by 5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 13.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 85 | 70 | -17.6% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
38 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Columbia, you could pay more than the asking price. 54.3% of homes here sold above asking price last month.
Summary: A total of 70 homes were sold or pending in Columbia in November 2024, down by 17.6% month-over-month. Of the 70 sold homes, 30% were sold under asking, 16% were sold at asking, and 54% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 17 Days | +26.8% |
Summary: Homes in Columbia had an average of 17 days on market in Nov 2024, up by 26.8% compared to last year.
Breakdown of Home Sale Times
55 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Columbia are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 70 homes were sold in Columbia; 79% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.
