Is Columbia, VA 23038 a buyer’s or seller’s market?
Columbia is a balanced market. With about 5.6 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Columbia housing market right now
In the three months ending August 31, 2026, 50% of homes in Columbia, VA 23038 sold above their list price, the typical home went under contract in 26 days and there were 5.6 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 4 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 20%, homes sold more slowly (12 days then) and the median sale price rose 67% to $442,858. Overall, Columbia is more competitive than a year ago, so tougher for buyers.
Within Goochland County, homes here sell more slowly than in 75% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Oilville 23129 (0% sold over asking) or Goochland 23063 (32% sold over asking).
Run the numbers for 23038
Nearby markets
Crozier 23039 $321 /sq ftGoochland 23063Seller’s market $255 /sq ftGum Spring 23065Seller’s market $251 /sq ftHenrico 23238Seller’s market $241 /sq ft Browse all markets →Towns like Columbia nearby
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Questions about Columbia real estate
Is Columbia a buyer’s or seller’s market?
A balanced market: there were 5.6 months of supply in Columbia, VA 23038 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Columbia?
The typical home went under contract in 26 days in the latest three months.
Do homes in Columbia sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 100.7% of the list price.
What are property taxes in Columbia?
About 0.50% of a home’s value a year in Goochland County, or roughly $2,000 on a $400,000 home.
What is the median home price in Columbia?
The median sale price was $442,858 in the three months ending August 31, 2026, about $190 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology