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Columbia, MO housing market

The Columbia housing market isn’t that competitive. The median home sales price in January 2025 has decreased in the past 3 months to $324,950. That’s down 7.1% and $24,950 lower than January 2024 of last year. That is lower than the Missouri state median home sales price of $251,900. Homes typically sell after 35 days on market, which is faster than the state average and higher than 32 days in January 2024 a year prior.

Housing market overview for

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Trended Median Home Values
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  • 3 year

  • 5 year

How much do homes in Columbia, MO cost?

The median home price in Columbia was $324,950 in January 2025, down 7.1% from last year.

January's median sale price
$325K
Caret DownDown $25K and 7.1% since Jan 2024
Trended Homes Inventory
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How many homes are available in Columbia, MO?

The real estate market in Columbia had 209 homes for sale in January and is down from 230 homes for sale the month prior and up from 183 homes in January 2024.

Homes for sale in January
209
Caret UpUp 26 and 14.2% since Jan 2024
Trended Homes Sold
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  • 3 year

  • 5 year

How many homes are sold in Columbia, MO?

There were 94 homes sold in January 2025, trending up from 71 homes sold a year ago.

Homes sold in January
94
Caret UpUp 23 and 32.4% since Jan 2024
Trended Median Days on Market
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How long does it take to sell a home in Columbia, MO?

Homes in Columbia are staying on the market for 35 days. That’s 3 days slower than the median in January 2024, which means that the market is less competitive today.

Median days on market in January
35
Caret UpUp 3 and 9.4% since Jan 2024

Is it a buyer’s or seller’s market in Columbia, MO?

It is considered a seller’s market right now. Housing inventory is up since last year, which means supply is less constrained. Mortgage rates are 7%, making the average house payment $2,359, which is $35 lower than a year before.

Total months of housing supply available for sale is 2.2 months, down 21.4% from 2.8 month(s) in January 2024.

Months of Supply

The Months of Supply housing metric is an estimate of how long it would take to sell all the homes for sale relative to the number of homes sold each month. Historically, 5 to 6 months is the average. You may also hear this metric referred to as the "absorption rate."

Lower months of housing supply typically signal a seller’s market whereas when months of supply is greater than 6 months typically signal a buyer’s market.

Sales to Listing Ratio

Sales to Listing Ratios are an indicator of supply and demand. It is all the completed sales in the past month divided by the total number of active listings.

In a balanced real estate market, the total number of home sales to active listings ratio is between 0.12 and 0.2 while markets with a ratio higher than 0.2 favors seller’s, as homes are selling fast and there is limited inventory, while markets below 0.12 favor home buyers because there is a larger supply of homes to purchase.

Selling a house in Columbia, MO

Home values have decreased by 7.1% since last year, and the number of days it takes to sell a home has increased from 31 days in January 2024 to 35 days in January 2025.

The best time to sell your home in Columbia is in July, when homes sell fastest and for the most money.

Sellers typically pay the commission of both the listing and buyer’s agents, which typically total 5-6% of the home sale price. That’s $19,497 paid in commission to the real estate agents. You’d also need to factor in closing costs, plus other fees and your mortgage payoff amount, to calculate the net proceeds from your home sale.

Buying a house in Columbia, MO

Homes in Columbia have a median price of $324,950, which means you’ll need $32,495 for a 10% down payment. Housing costs have decreased 7.1% in the past year. When you’re several months out and have your down payment saved, make sure to get pre-approved for a mortgage and find a real estate agent.

Home values are only one part of the home affordability equation. When buying a house in Columbia, don’t forget to also account for closing costs, which are typically 3-4% of the home cost. In addition to a down payment of $32,495 you should have $12,998 as well as budget for cash reserves, moving expenses and ongoing homeownership costs for home maintenance and repairs or HOA fees.

Columbia home values are 21.5% more expensive than Kansas City and 22.5% more expensive than the state median home value.

How does the Columbia real estate market compare to other markets?

The Columbia real estate market has a median sale price of $324,950, which is 22.5% higher than the state median sale price of $251,900. Compare other markets or nearby cities, as they can vary significantly.

Columbia, MO
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Kansas City, MO
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Missouri
Median home saleMedian home saleMedian home sale
$324,950$255,000$251,900
Days on marketDays on marketDays on market
354847
Monthly house payment
Monthly house payment
Monthly house payment
$2,359$1,882$1,861
Cost to buy a house
Cost to buy a house
Cost to buy a house
$45,493$35,700$35,266
Cost to sell a house
Cost to sell a house
Cost to sell a house
$22,746$17,850$17,633

Take the next step in Columbia: Find an agent

Navigating the Columbia housing market can be tricky, but you don’t have to go it alone. When you're ready to learn more, reach out to a local Columbia real estate agent to get the process started. We recommend interviewing multiple candidates and coming prepared with a list of all your questions.

Columbia, MO housing market FAQs

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