$6,828 Closing Credit*
$575,000
3,572 SqFt
4 Beds
•2 Full Baths, 2 Partial
Listing Office: Engel & Volkers Minneapolis Downtown
Is Columbus, MN 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, Columbus has remained a Seller'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
$464,195
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$48,804(-9.5%)
Key Takeaway
Homes in Columbus have sold for 9.5% less than they did a year ago.
Summary: The median home sold price in Columbus was $464,195 in November 2024, down 9.5% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $421.4K | $315K | -25.3% |
| 3 Bedrooms | $511K | $468.9K | -8.2% |
| 4 Bedrooms | $487.5K | $499.9K | +2.5% |
| 5+ Bedrooms | $535K | $835K | +56.1% |
Summary: Columbus 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 decreased by 25.3%, 3 bedroom homes decreased by 8.2%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 56.1%.
Median Sold Price Compared To Nearby Cities
| Forest Lake | $380K | $390K | +2.6% |
| Wyoming | $375K | $383.6K | +2.3% |
| Forest Lake | $389.8K | $395K | +1.3% |
| Wyoming | $399.9K | $405K | +1.3% |
| Columbus | $513K | $464.1K | -9.5% |
Housing Supply in Columbus, MN
How many homes are available in Columbus, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 29 | -3.3% |
Summary: The Columbus real estate market had 29 homes for sale in November 2024, a 3.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 15 | 13 | -13.3% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Columbus 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 remained the same, 3 bedroom homes decreased by 13.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Columbus, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Columbus in November 2024, the same as the previous month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 108 Days | 48 Days | -55.1% |
Summary: Homes in Columbus had an average of 48 days on market in Nov 2024, down by 55.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Columbus has remained consistent over time.
Summary: During November 2024, 6 homes were sold in Columbus; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
