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FOCUS ON: COLUMBIA HOUSING MARKET |
AUGUST 2025 |
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Zip Code(s): 21044, 21045 and 21046 |
Units Sold
102 |
Active Inventory
126 |
Median Sale Price
$490,000 |
Days On Market
18 |
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Down -7%
Vs. Year Ago |
Up 22%
Vs. Year Ago |
No Change
Vs. Year Ago |
Up 50%
Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in August, with 102 sold this month in Columbia Real Estate versus 111 last month, a decrease of 8%. This month's total units sold was lower than at this time last year, a decrease of 7% versus August 2024.
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Active Inventory
Versus last year, the total number of homes available this month is higher by 23 units or 22%. The total number of active inventory this August was 126 compared to 103 in August 2024. This month's total of 126 is lower than the previous month's total supply of available inventory of 142, a decrease of 11%.
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Median Sale Price
Last August, the median sale price for Columbia Homes was $488,000. This August, the median sale price was $490,000, which is similar compared to a year ago. The current median sold price is 1% higher than in July.
Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.
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New Listings
102 |
Current Contracts
95 |
Sold Vs. List Price
101.5% |
Months of Supply
1.2 |
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Down -3%
Vs. Year Ago |
Up 8%
Vs. Year Ago |
Down -0.5%
Vs. Year Ago |
Up 32%
Vs. Year Ago |
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Months of Supply
In August, there was 1.2 months of supply available in Columbia, compared to 0.9 in August 2024. That is an increase of 32% versus a year ago.
Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
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New Listings & Current Contracts
This month there were 102 homes newly listed for sale in Columbia compared to 105 in August 2024, a decrease of 3%. There were 95 current contracts pending sale this August compared to 88 a year ago. The number of current contracts is 8% higher than last August.
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Sale Price to List Price Ratio
In August, the average sale price in Columbia was 101.5% of the average list price, which is 0.5% lower than at this time last year.
Days on Market
This month, the average number of days on market was 18, higher than the average last year, which was 12, an increase of 50%.
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Columbia are defined as properties listed in zip code/s 21044, 21045 and 21046. |
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates. |
Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc. |