Is Columbia, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2021
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.
How much do homes in Columbia, TN cost?
Median Sold Price
$329,959
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2021
+$66,477(+25.2%)
Key Takeaway
Homes in Columbia have sold for 25.2% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Dec 2021 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | $147.5K | $244K | +65.4% |
| 2 Bedrooms | $179.7K | $230K | +28.0% |
| 3 Bedrooms | $260.9K | $324.9K | +24.6% |
| 4 Bedrooms | $353K | $428.8K | +21.5% |
| 5+ Bedrooms | $404K | $459.8K | +13.8% |
Median Sold Price Compared To Nearby Cities
| Columbia | $263.4K | $329.9K | +25.2% |
| Spring Hill | $414.3K | $515K | +24.3% |
How many homes are available in Columbia, TN?
Number of Homes For Sale
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 229 | 222 | -3.1% |
Homes For Sale By Bedroom Count
| # BEDS | Nov 2022 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 38 | 33 | -13.2% |
| 3 Bedrooms | 131 | 126 | -3.8% |
| 4 Bedrooms | 48 | 51 | +6.3% |
| 5+ Bedrooms | 12 | 12 | 0.0% |
Number of Homes Sold
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 55 | 41 | -25.5% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Columbia, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Average Sale Time
| Dec 2021 | Dec 2022 | % |
|---|---|---|
| 13 Days | 31 Days | +127.4% |
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Columbia are selling fast, if you're buying plan to act quickly.
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