Is Columbia, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Columbia is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Columbia has remained a Seller's Market.

Key Takeaway

Columbia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Columbia, MO

How much do homes in Columbia, MO cost?

Median Sold Price

$314,992

$168/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$15,194(+5.1%)

Key Takeaway

Homes in Columbia have sold for 5.1% more than they did a year ago.

Summary: The median home sold price in Columbia was $314,992 in November 2024, up 5.1% from last year, and the median price per square foot was $168.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $89.9K$135K
+50.2%
2 $160K$165K
+3.1%
3 $265.9K$275.3K
+3.5%
4 $360K$371K
+3.0%
5+ $510K$574.4K
+12.6%

Summary: Columbia housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 50.2%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 12.6%.

Median Sold Price Compared To Nearby Cities

Rock Bridge Township
+12.8%
Columbia
+5.1%
Columbia Township
+5.0%
Missouri Township
+3.1%
Katy Township
-12.3%

Housing Supply in Columbia, MO

How many homes are available in Columbia, MO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
546513-6.0%

Summary: The Columbia real estate market had 513 homes for sale in November 2024, a 6.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 12
+100.0%
2 4333
-23.3%
3 256228
-10.9%
4 160155
-3.1%
5+ 8695
+10.5%

Summary: The Columbia housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 23.3%, 3 bedroom homes decreased by 10.9%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes increased by 10.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
136107-21.3%

Asking Price vs. Sold Price

52 Homes Were Sold
Under Asking

31 Homes Were Sold
At Asking

21 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Columbia, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 107 homes were sold or pending in Columbia in November 2024, down by 21.3% month-over-month. Of the 104 sold homes, 50% were sold under asking, 30% were sold at asking, and 20% were sold over asking.

Days on Market for Columbia, MO

How long does it take to sell a home in Columbia, MO?

Average Sale Time

Nov 2023Nov 2024CHANGE
37 Days30 Days-19.8%

Summary: Homes in Columbia had an average of 30 days on market in Nov 2024, down by 19.8% compared to last year.

Breakdown of Home Sale Times

74 Homes Were Sold
Under 30 Days

23 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Columbia are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 107 homes were sold in Columbia; 69% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Columbia, MO

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