Is Columbia, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Columbia has remained a Seller's Market.
Key Takeaway
Columbia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Columbia, TN
How much do homes in Columbia, TN cost?
Median Sold Price
$368,043
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Columbia have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in Columbia was $368,043 in June 2024, up 6.7% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $296.5K | $159.7K | -46.1% |
| 2 Bedrooms | $245K | $233.6K | -4.6% |
| 3 Bedrooms | $336.5K | $350K | +4.0% |
| 4 Bedrooms | $435K | $455K | +4.6% |
| 5+ Bedrooms | $493.4K | $495K | 0.3% |
Summary: Columbia housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 46.1%, 2 bedroom homes decreased by 4.6%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 0.3%.
Median Sold Price Compared To Nearby Cities
| Columbia | $345K | $368K | +6.7% |
| Mount Pleasant | $277.5K | $290K | +4.5% |
| Spring Hill | $511.7K | $484.3K | -5.4% |
Housing Supply in Columbia, TN
How many homes are available in Columbia, TN?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 482 | 502 | +4.1% |
Summary: The Columbia real estate market had 502 homes for sale in June 2024, a 4.1% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 44 | 48 | +9.1% |
| 3 Bedrooms | 306 | 294 | -3.9% |
| 4 Bedrooms | 87 | 112 | +28.7% |
| 5+ Bedrooms | 42 | 44 | +4.8% |
Summary: The Columbia housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 9.1%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes increased by 28.7%, and 5+ bedroom homes increased by 4.8%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 112 | 104 | -7.1% |
Asking Price vs. Sold Price
53 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Columbia, you may be able to get a good deal. 52% of homes here sold below asking price last month.
Summary: A total of 104 homes were sold or pending in Columbia in June 2024, down by 7.1% month-over-month. Of the 102 sold homes, 52% were sold under asking, 31% were sold at asking, and 17% were sold over asking.
Days on Market for Columbia, TN
How long does it take to sell a home in Columbia, TN?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 23 Days | 26 Days | +13.1% |
Summary: Homes in Columbia had an average of 26 days on market in Jun 2024, up by 13.1% compared to last year.
Breakdown of Home Sale Times
79 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Columbia are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 104 homes were sold in Columbia; 76% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.