$3,621 Closing Credit*
$304,900
1,992 SqFt
3 Beds
•1 Full Bath
Listing Office: Emerald Real Estate
Is Columbia Heights, MN 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 Heights was a Seller's Market.
Key Takeaway
Columbia Heights is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Columbia Heights, MN
How much do homes in Columbia Heights, MN cost?
Median Sold Price
$290,000
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$2,500(+0.9%)
Key Takeaway
Homes in Columbia Heights have sold for 0.9% more than they did a year ago.
Summary: The median home sold price in Columbia Heights was $290,000 in October 2024, up 0.9% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $178.9K | $150K | -16.2% |
| 2 Bedrooms | $226K | $245K | +8.4% |
| 3 Bedrooms | $290K | $299.9K | +3.4% |
| 4 Bedrooms | $324.9K | $323.5K | -0.4% |
| 5+ Bedrooms | $370.8K | $350K | -5.6% |
Summary: Columbia Heights housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.2%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes decreased by 5.6%.
Median Sold Price Compared To Nearby Cities
| New Brighton | $362.6K | $376K | +3.7% |
| Columbia Heights | $287.5K | $290K | +0.9% |
| Fridley | $312.1K | $315K | +0.9% |
| Saint Anthony | $383.2K | $319.9K | -16.5% |
Housing Supply in Columbia Heights, MN
How many homes are available in Columbia Heights, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 64 | 87 | +35.9% |
Summary: The Columbia Heights real estate market had 87 homes for sale in October 2024, a 35.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 12 | 16 | +33.3% |
| 3 Bedrooms | 32 | 42 | +31.3% |
| 4 Bedrooms | 15 | 17 | +13.3% |
| 5+ Bedrooms | 3 | 8 | +166.7% |
Summary: The Columbia Heights 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 increased by 33.3%, 3 bedroom homes increased by 31.3%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 166.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 11 | -45.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Columbia Heights, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Columbia Heights in October 2024, down by 45.0% month-over-month. Of the 11 sold homes, 18% were sold under asking, 36% were sold at asking, and 45% were sold over asking.
Days on Market for Columbia Heights, MN
How long does it take to sell a home in Columbia Heights, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 24 Days | +44.3% |
Summary: Homes in Columbia Heights had an average of 24 days on market in Oct 2024, up by 44.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Columbia Heights are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in Columbia Heights; 64% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
