Today’s View – November 14, 2016, – Columbia Md. – Condo Rentals
This is a market report on the Condo rental market in Columbia, Md. At the time of this report (11/14/2016) there are 65 such condo units on the market FOR RENT, 8 have leases ready to be signed, and another 23 that have sold in the last 30 days. The absorption rate (Active/ Rented in 30 days) is 2.8 which is considered to be a landlords market.
One Bedroom
There are 3 one-bedroom condos for rent in this market area. These condos range in price from a low of $1,175 to $1,275 with the median being $1,250. The days on market for these homes ranges from 2 weeks (13 days) to 3.5 months (103 days), with the median being 2 months (60 days).
There are no one-bedroom condos in this market place that have leases ready to be signed at this time.
In the last 30 days, 2 one-bedroom condos have completed the rental process. These homes rented at prices ranging form $1,000 to $1,275 with the median being $1,138. These homes were on the market from 1 week (8 days) to approaching 3 weeks (19 days) with the median being 2 weeks (11 days).
Two Bedrooms
There are 35 two-bedroom condo units for rent in this market area. These homes range in price from a low of $1,200 to $2,500 with the median being $1,645. The days on market for these homes ranges from new to the market (1 day) to 6 months (179 days), with the median being 1 month (33 days).
There are 4 two-bedroom condo units in this market place that have leases ready to be signed at this time. The last known list price of these homes was $1,299 and $2,000, with the median being $1,850. The days on market for these homes ranged from 2 weeks (11 days) to 2 months (66 days), with the median being 3 weeks (20 days).
In the last 30 days, 9 two-bedroom condo units have completed the rental process. These homes rented at prices ranging form $1,300 to $1,650, with the median being $1,500. These homes were on the market from 3 weeks (21 days) to approaching 3.5 months (105 days) with the median approaching 1 month (26 days).
Three Bedrooms
There are 26 three-bedroom condo units on the market for rent in this market area. These homes range in price from a low of $1,500 to $3,000 with the median being $2,150. The days on market for these homes ranges from new to the market (1 day) to 5.5 months (168 days), with the median being over 1 month (34 days).
There are another 4 three-bedroom condo in this market place that are waiting on the lease to be signed. The last known list price of these homes ranged from $1,500 to $1,900, with the median being $1,735. The days on market for these homes ranged from approaching 1.5 months (39 days) to 2.5 months (75 days) with the median being 2 months (59 days).
In the last 30 days, 10 three-bedroom condo units have successfully completed the rental process. These homes rented at prices ranging form $1,550 to $2,695, with the median being $1,775. These homes were on the market from 2 weeks (14 days) to 3 months (85 days) with the median approaching 2 months (54 days).
Four Bedrooms
There is 1 four-bedroom condo unit on the market for rent in this market area. This home is currently listed for $2,800 and has been on the market for 2 weeks (11 days).
There is currently no four-bedroom condo unit in this market place that is waiting on the lease to be signed.
In the last 30 days, 1 four-bedroom condo unit has successfully completed the rental process. This home rented at $2,700 to $2,700 after being on the market for 1.5 months (49 days).
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This report covers only condo rentals in Columbia, Md. If you have any questions about this report or the surrounding area, please call me or send me an email.
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