Annual Residential Real Estate Trends Report for Columbus/Phenix City

Key highlights:

Georgia Side

• The supply of homes on the GA side increased slightly for the 3rd consecutive year to 2.6 months.
• For the 14th consecutive year, average home values experienced appreciation in 2024 – up 5% with an average sales price of $264,627.
• The total number of units sold was up 1% to 2,714 units.
• Average Days on Market increased slightly for the 2nd consecutive year to 42 days for homes sold in 2024.
• The average list-to-sale price ratio decreased to 96.8%.
• Homes that sold in their 1st 30 days on the market garnered a significant amount more of their list price (97%) compared to those that were on the market 30+ days at 93%.
• New construction accounted for 7% of home sales in 2024, an increase of 2 percentage points from 2023, and 8 percentage points under 2020. Resale average price / sq. ft. decreased slightly from $127 in 2023 to $125 in 2024, while new construction increased 8% in the last year to $158.
• Homes in South Harris County garnered the highest average sales price at $409,534 – up 7%.

Alabama Side

• The supply of homes increased substantially in AL to 3.3 months compared to 1.6 months in 2023.
• Average home values again experienced appreciation in 2024 – up 5% to $275,418.
• The total number of units sold decreased 1% to 1,390.
• Average Days on Market remained consistent with 2023’s numbers at 36 days.
• The average list-to-sale price slightly decreased to 98.6%.
• Homes that sold in their 1st 30 days on the market garnered a significant amount more of their list price (98.3%) compared to those that were on the market 30+ days at 95.7%.
• All areas saw appreciation in 2024. Salem garnered the highest average sales price at $352,442 - up 9%.

From Rolanda Rogers

Coldwell Banker Kennon Parker Duncan & Davis

Whitesville Road, Columbus GA