The real estate market in Columbia, MO is constantly changing. Columbia has now become the fourth largest city in the state of Missouri. The city gained around 10,600 residents between 2010 and 2015. This is excellent for real estate in the area. It has been the fastest growing city in Missouri for the past five years. All Boone County communities have seen 3-4 percent growth since 2010, except for the smallest towns. This city has a wide range of real estate from condos and apartments to single family homes. There is a lot to choose from and a good time to buy or sell.
Columbia, MO is the perfect place to live in Missouri. It’s pretty much in the middle of the state, with St. Louis and Kansas City less than 2 hours each way. There are many outdoor activities to participate in in the nearby state parks and the MKT and Katy Trail for walking and biking. Columbia has amazing festivals too! There are one or more each month ranging from the True / False Film Festival and the Citizen Jane Film Festival to Art in the Park and the Roots ‘n Blues n’ Barbecue Festival. If you’re a sports fan, you can’t go wrong with the Mizzou Tigers, Kansas City Chiefs, St. Louis Cardinals, or Kansas City Royals. If you like music, there are many great places like Mizzou Arena and Blue Note that attract great artists. In the summer, there are outdoor concerts downtown during Ninth Street Summerfest. Columbia also has its own airport to provide easy access for your business trips or family vacations.
Columbia is the perfect place to live for anyone. If you are a student coming to one of our 3 excellent universities, there are many student housing and apartments. If you are a young professional not ready to live in the suburbs, there are great downtown lofts to choose from. For those of you with families, there are many great subdivisions with amenities including pools, playgrounds, gyms, golf, fruit trees, and more. Are you ready to retire? Columbia, MO is the perfect place! There are many areas to live that are 55 and older communities. If you need daily help, there are also assisted living communities.
In May 2016, the median days on the market for a Columbia home was 69 days and the median sales price was $ 204,791. The number of active listings is down a lot from last year. Last May, the number of active ads was 1,208 and this May there are only 931 homes for sale. The active median list price has increased from last year from $ 170,000 to $ 194,900. So far this year, 91 more homes have been sold this year than last year. The most active listings are currently in the $ 300,000 to $ 399,999 range and the newest listings are in the $ 200,000 to $ 249,999 range. Currently, there is only enough inventory to support the market for the next 3 months. As of April 2016, there were 930 active ads, 482 new ads, and 292 sold ads.
If you’ve been thinking about listing your home in Columbia, MO or the surrounding areas, now is the time to do it. Since inventory is low, it’s more of a seller’s market. Some homes are currently seeing multiple deals, especially those priced under $ 300,000.
