Is Columbia Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Columbia Township was a Seller's Market.
Housing Prices in Columbia Township, MI
How much do homes in Columbia Township, MI cost?
Median Sold Price
$324,900
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Columbia Township was $324,900 in May 2024, up 9.8% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $93K | - | N/A |
2 Bedrooms | $209.9K | $247.5K | +17.9% |
3 Bedrooms | $296.5K | $270K | -8.9% |
4 Bedrooms | $306K | $397.7K | +30.0% |
5+ Bedrooms | $653.2K | $459.9K | -29.6% |
Summary: Columbia Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.9%, 3 bedroom homes decreased by 8.9%, 4 bedroom homes increased by 30%, and 5+ bedroom homes decreased by 29.6%.
Median Sold Price Compared To Nearby Cities
Cement City | $235K | $269.9K | +14.9% |
Cement City | $235K | $269.9K | +14.9% |
Brooklyn | $260K | $292.5K | +12.5% |
Columbia Township | $296K | $324.9K | +9.8% |
Clarklake | $439.5K | $375K | -14.7% |
Housing Supply in Columbia Township, MI
How many homes are available in Columbia Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
52 | 57 | +9.6% |
Summary: The Columbia Township real estate market had 57 homes for sale in May 2024, a 9.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 29 | 27 | -6.9% |
4 Bedrooms | 13 | 18 | +38.5% |
5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Columbia Township housing inventory by bedroom type for May 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 6.9%, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 8 | -46.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Columbia Township in May 2024, down by 46.7% month-over-month. Of the 8 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Columbia Township, MI
How long does it take to sell a home in Columbia Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
28 Days | 129 Days | +349.1% |
Summary: Homes in Columbia Township had an average of 129 days on market in May 2024, up by 349.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Columbia Township; 38% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.