$1,483 Closing Credit*
$124,900
1,104 SqFt
3 Beds
•1 Full Bath, 1 Partial
TIMOTHY CREECH, Listing Office: Five Star Real Estate
Is Columbia Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Columbia Township was a Neutral 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
$289,900
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$12,100(-4.0%)
Key Takeaway
Homes in Columbia Township have sold for 4% less than they did a year ago.
Summary: The median home sold price in Columbia Township was $289,900 in October 2024, down 4% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $212.5K | $240K | +12.9% |
| 3 Bedrooms | $290K | $270K | -6.9% |
| 4 Bedrooms | $379K | $336K | -11.3% |
| 5+ Bedrooms | $485K | $460K | -5.2% |
Summary: Columbia Township 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 12.9%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes decreased by 11.3%, and 5+ bedroom homes decreased by 5.2%.
Median Sold Price Compared To Nearby Cities
| Cement City | $269.5K | $299K | +10.9% |
| Brooklyn | $273.5K | $290.1K | +6.1% |
| Cement City | $275K | $289.9K | +5.4% |
| Columbia Township | $302K | $289.9K | -4.0% |
Housing Supply in Columbia Township, MI
How many homes are available in Columbia Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 53 | 48 | -9.4% |
Summary: The Columbia Township real estate market had 48 homes for sale in October 2024, a 9.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 30 | 25 | -16.7% |
| 4 Bedrooms | 12 | 11 | -8.3% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Columbia Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 10 | -44.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 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. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Columbia Township in October 2024, down by 44.4% month-over-month. Of the 10 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 81 Days | +167.1% |
Summary: Homes in Columbia Township had an average of 81 days on market in Oct 2024, up by 167.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Columbia Township has remained consistent over time.
Summary: During October 2024, 10 homes were sold in Columbia Township; 20% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
