Is Columbus, NC 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, Columbus was a Seller's Market.
Housing Prices in Columbus, NC
How much do homes in Columbus, NC cost?
Median Sold Price
$410,000
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Columbus was $410,000 in May 2024, up 28.1% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $285K | - | N/A |
2 Bedrooms | $200K | $310K | +55.0% |
3 Bedrooms | $312.5K | $461K | +47.5% |
4 Bedrooms | $540K | $594K | +10.0% |
5+ Bedrooms | $535K | $1.2M | +132.9% |
Summary: Columbus 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 55%, 3 bedroom homes increased by 47.5%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 132.9%.
Median Sold Price Compared To Nearby Cities
Columbus | $320K | $410K | +28.1% |
Columbus Township | $397K | $435K | +9.6% |
Tryon Township | $370K | $399K | +7.8% |
Mill Spring | $496.5K | $469K | -5.5% |
White Oak Township | $362.4K | $338K | -6.8% |
Housing Supply in Columbus, NC
How many homes are available in Columbus, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
32 | 49 | +53.1% |
Summary: The Columbus real estate market had 49 homes for sale in May 2024, a 53.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 3 | +100.0% |
2 Bedrooms | 5 | 7 | +40.0% |
3 Bedrooms | 14 | 25 | +78.6% |
4 Bedrooms | 8 | 8 | 0.0% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Columbus housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 78.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 4 | -33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Columbus in May 2024, down by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Columbus, NC
How long does it take to sell a home in Columbus, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
27 Days | 25 Days | -8.0% |
Summary: Homes in Columbus had an average of 25 days on market in May 2024, down by 8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Columbus; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.