$10,000
0.23 Acres
Land
Catherine L. Rice, Listing Office: BNR Real Estate Group
Is Columbia Township, MI 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 Township has remained a Seller's Market.
Key Takeaway
Columbia Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Columbia Township, MI
How much do homes in Columbia Township, MI cost?
Median Sold Price
$289,950
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$14,600(-4.8%)
Key Takeaway
Homes in Columbia Township have sold for 4.8% less than they did a year ago.
Summary: The median home sold price in Columbia Township was $289,950 in November 2024, down 4.8% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $165K | N/A |
| 2 Bedrooms | $190K | $240K | +26.3% |
| 3 Bedrooms | $290K | $268.5K | -7.4% |
| 4 Bedrooms | $407K | $336.7K | -17.3% |
| 5+ Bedrooms | $485K | $444.9K | -8.3% |
Summary: Columbia Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 26.3%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes decreased by 17.3%, and 5+ bedroom homes decreased by 8.3%.
Median Sold Price Compared To Nearby Cities
| Cement City | $275K | $289.9K | +5.4% |
| Brooklyn | $278.4K | $285.1K | +2.4% |
| Cement City | $292.5K | $287K | -1.9% |
| Columbia Township | $304.5K | $289.9K | -4.8% |
Housing Supply in Columbia Township, MI
How many homes are available in Columbia Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 48 | 48 | 0.0% |
Summary: The Columbia Township real estate market had 48 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 25 | 28 | +12.0% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Columbia Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 12%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Columbia Township, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Columbia Township in November 2024, the same as the previous month. Of the 11 sold homes, 36% were sold under asking, 36% were sold at asking, and 27% were sold over asking.
Days on Market for Columbia Township, MI
How long does it take to sell a home in Columbia Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 36 Days | +63.8% |
Summary: Homes in Columbia Township had an average of 36 days on market in Nov 2024, up by 63.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Columbia Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in Columbia Township; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
