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 April 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

$306,157

$161/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$20,947(+7.3%)

Key Takeaway

Homes in Columbia have sold for 7.3% more than they did a year ago.

Summary: The median home sold price in Columbia was $306,157 in April 2024, up 7.3% from last year, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $102.5K$132.5K
+29.3%
2 $145K$169.9K
+17.2%
3 $250K$268K
+7.2%
4 $349.2K$357.4K
+2.4%
5+ $514.3K$536.6K
+4.3%

Summary: Columbia housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.3%, 2 bedroom homes increased by 17.2%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 4.3%.

Median Sold Price Compared To Nearby Cities

Katy Township
+27.7%
Rock Bridge Township
+10.9%
Columbia
+7.3%
Columbia Township
+7.3%
Missouri Township
+6.5%

Housing Supply in Columbia, MO

How many homes are available in Columbia, MO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
488531+8.8%

Summary: The Columbia real estate market had 531 homes for sale in April 2024, a 8.8% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 21
-50.0%
2 3440
+17.6%
3 231249
+7.8%
4 128135
+5.5%
5+ 93106
+14.0%

Summary: The Columbia housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 14%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
129151+17.1%

Asking Price vs. Sold Price

47 Homes Were Sold
Under Asking

49 Homes Were Sold
At Asking

51 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Columbia, you could pay more than the asking price. 34.7% of homes here sold above asking price last month.

Summary: A total of 151 homes were sold or pending in Columbia in April 2024, up by 17.1% month-over-month. Of the 147 sold homes, 32% were sold under asking, 33% were sold at asking, and 35% 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

Apr 2023Apr 2024CHANGE
29 Days34 Days+16.8%

Summary: Homes in Columbia had an average of 34 days on market in Apr 2024, up by 16.8% compared to last year.

Breakdown of Home Sale Times

112 Homes Were Sold
Under 30 Days

20 Homes Were Sold
In 30 - 90 Days

19 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 April 2024, 151 homes were sold in Columbia; 74% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% 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 13 Days Ago

Newest Listings in Columbia, MO

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