Real Estate Trends in Columbia, PA

If you’re interested in buying real estate property in Columbia, PA, this guide might be helpful for you. We’ve rounded up everything you need to know about where the Columbia, PA real estate market is right now and some critical national trends in real estate to take note of.

How to find the perfect home in Columbia, PA

If you’re looking for the perfect home in Columbia, start by researching the current market trends and home values in the area. To ensure everything goes smoothly, you can always turn to top realtors in Columbia PA for professional assistance.

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Key facts about the real estate in Columbia, PA

Before we take a closer look at home values and other important market data for Columbia, PA, here are some key facts to help you understand the market.

  1. Columbia, PA has a population of 10,207 and features 4,383 housing units.

  2. Most buildings (54.78%) in Columbia were constructed before 1939, while only a bit over 3% were built between 2000 and later.

  3. Real estate prices in Columbia are fairly lower than the national average.

  4. The most common housing types:

  • row houses (42.38% of all units)

  • single-family detached homes ( 28.42%)

  • apartment complexes/high rise apartments ( 19.87%)

5. Dominating building size: 3-4 bedroom homes.

6. Owner to renter ratio: 51.28% owners vs 48.72% renters.

7. There are four public schools with good and higher ratings (GreatSchools).

8. The major environmental risks include floods (21% of homes are already at risk), storms (80% of likelihood), and heat (58 % of likelihood).

Columbia, PA real estate market trends

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Home values

As of November 2021, there were 55 homes for sale. The prices ranged between $10,000 and $850,000.

  • Median listing home price: $210,000

  • Median listing home price per square foot: $126

Housing market

In November 2021, around 100% of real estate properties in Columbia, PA were sold for the asking price. Also, more people were seeking to buy than homes were available for sale.

On average, real estate property in the town sells after 50 days on the market.

Some national real estate market trends to keep an eye on

Of course, the real estate market in any area is affected by national trends. Here are some growing trends to know.

  1. Property prices will keep growing in 2022, but at a slower rate than through the last two years.

  2. In Columbia, PA, demand for real estate has already been outpacing supply, and this trend will probably stay in the years to come.

  3. Due to the COVID-19 pandemic, the demand for suburban homes is constantly growing.

  4. Since the national foreclosure ban expired, foreclosure rates started to rise and will probably keep on growing in 2022.

  5. Renting fees across the U.S. are expected to increase, although they have already reached their historic highs.

Final thoughts

With the key data and statistics in mind, it will be easier for you to make an informed decision about purchasing a home in Columbia, PA. If you need help from experts, go to FastExpert, a nationwide network of real estate agents.