Is Columbiaville, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Columbiaville has remained a Seller's Market.
Key Takeaway
Columbiaville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Columbiaville, MI
How much do homes in Columbiaville, MI cost?
Median Sold Price
$255,000
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Columbiaville have sold for 12.3% more than they did a year ago.
Summary: The median home sold price in Columbiaville was $255,000 in May 2024, up 12.3% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $164.9K | $325K | +97.1% |
| 2 Bedrooms | $171K | $212K | +24.0% |
| 3 Bedrooms | $227K | $234.9K | +3.5% |
| 4 Bedrooms | $239K | $279.9K | +17.1% |
| 5+ Bedrooms | $539.5K | $319.9K | -40.7% |
Summary: Columbiaville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 97.1%, 2 bedroom homes increased by 24%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes decreased by 40.7%.
Median Sold Price Compared To Nearby Cities
| Oregon Township | $226.5K | $260K | +14.8% |
| Columbiaville | $227K | $255K | +12.3% |
| Marathon Township | $229K | $248.2K | +8.4% |
Housing Supply in Columbiaville, MI
How many homes are available in Columbiaville, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 26 | 24 | -7.7% |
Summary: The Columbiaville real estate market had 24 homes for sale in May 2024, a 7.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 13 | 10 | -23.1% |
| 4 Bedrooms | 6 | 9 | +50.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Columbiaville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 23.1%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Columbiaville, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Columbiaville in May 2024, down by 33.3% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Columbiaville, MI
How long does it take to sell a home in Columbiaville, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 39 Days | 46 Days | +18.4% |
Summary: Homes in Columbiaville had an average of 46 days on market in May 2024, up by 18.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Columbiaville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Columbiaville; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.