$6,519 Closing Credit*
$549,000
2,277 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: RE/MAX Results Inc
Is Columbus, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Columbus was a Buyer's Market.
Key Takeaway
Columbus is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Columbus, MN
How much do homes in Columbus, MN cost?
Median Sold Price
$465,389
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$59,610(-11.4%)
Key Takeaway
Homes in Columbus have sold for 11.4% less than they did a year ago.
Summary: The median home sold price in Columbus was $465,389 in December 2024, down 11.4% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $421.4K | $315K | -25.3% |
| 3 Bedrooms | $593K | $465.3K | -21.5% |
| 4 Bedrooms | $525K | $487.4K | -7.2% |
| 5+ Bedrooms | $535K | $835K | +56.1% |
Summary: Columbus housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 25.3%, 3 bedroom homes decreased by 21.5%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes increased by 56.1%.
Median Sold Price Compared To Nearby Cities
| Forest Lake | $381.3K | $390K | +2.3% |
| Forest Lake | $389.7K | $398.2K | +2.2% |
| Wyoming | $380K | $380K | 0.0% |
| Wyoming | $403K | $400K | -0.7% |
| Columbus | $525K | $465.3K | -11.4% |
Housing Supply in Columbus, MN
How many homes are available in Columbus, MN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 26 | 21 | -19.2% |
Summary: The Columbus real estate market had 21 homes for sale in December 2024, a 19.2% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 13 | 11 | -15.4% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Columbus housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 15.4%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Columbus, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Columbus in December 2024, down by 14.3% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Columbus, MN
How long does it take to sell a home in Columbus, MN?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 22 Days | 69 Days | +216.7% |
Summary: Homes in Columbus had an average of 69 days on market in Dec 2024, up by 216.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Columbus are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 6 homes were sold in Columbus; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
