Is Columbia, MO 65203 a buyer’s or seller’s market?
Columbia is a seller’s market. With about 2.5 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 41% of U.S. ZIP codes, and #179 of 263 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Columbia housing market right now
In the three months ending August 31, 2026, 0% of homes in Columbia, MO 65203 sold above their list price, the typical home went under contract in 26 days and there were 2.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 257 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (50 days then) and the median sale price rose 2% to $397,278. Overall, Columbia is more competitive than a year ago, so tougher for buyers.
Within Boone County, homes here sell faster than in 75% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county. On our competition score, Columbia ranks #179 of 263 MO ZIP codes with enough sales (score 42 out of 100).
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Nearby markets
Ashland 65010Seller’s market $200 /sq ftColumbia 65201Seller’s market $184 /sq ftColumbia 65202Seller’s market $179 /sq ftHallsville 65255Seller’s market $201 /sq ft Browse all markets →Towns like Columbia nearby
Find towns like Columbia in other states →Where Columbia is
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Questions about Columbia real estate
Is Columbia a buyer’s or seller’s market?
A seller’s market: there were 2.5 months of supply in Columbia, MO 65203 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?
0% of homes sold above their original list price, and the typical sale closed at 98.7% of the list price.
What are property taxes in Columbia?
About 0.85% of a home’s value a year in Boone County, or roughly $3,400 on a $400,000 home.
What is the median home price in Columbia?
The median sale price was $397,278 in the three months ending August 31, 2026, about $176 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