Is Columbia Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Columbia Township has remained a Seller's Market.
Key Takeaway
Columbia Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Columbia Township, MI
How much do homes in Columbia Township, MI cost?
Median Sold Price
$318,750
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Columbia Township have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in Columbia Township was $318,750 in April 2024, up 11.1% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $93K | - | N/A |
| 2 Bedrooms | $177K | $247.5K | +39.8% |
| 3 Bedrooms | $292K | $270.2K | -7.5% |
| 4 Bedrooms | $300K | $435K | +45.0% |
| 5+ Bedrooms | $653.2K | $439.9K | -32.7% |
Summary: Columbia Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 39.8%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes increased by 45%, and 5+ bedroom homes decreased by 32.7%.
Median Sold Price Compared To Nearby Cities
| Cement City | $200K | $282.4K | +41.2% |
| Cement City | $233.9K | $292.5K | +25.1% |
| Columbia Township | $287K | $318.7K | +11.1% |
| Brooklyn | $260.9K | $285K | +9.2% |
| Clarklake | $415K | $407.9K | -1.7% |
Housing Supply in Columbia Township, MI
How many homes are available in Columbia Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 44 | 51 | +15.9% |
Summary: The Columbia Township real estate market had 51 homes for sale in April 2024, a 15.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 25 | 29 | +16.0% |
| 4 Bedrooms | 11 | 13 | +18.2% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Columbia Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 15 | +114.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Columbia Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Columbia Township in April 2024, up by 114.3% month-over-month. Of the 15 sold homes, 67% were sold under asking, 7% were sold at asking, and 27% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 46 Days | 74 Days | +60.0% |
Summary: Homes in Columbia Township had an average of 74 days on market in Apr 2024, up by 60% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Columbia Township has remained consistent over time.
Summary: During April 2024, 15 homes were sold in Columbia Township; 27% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.