Is Columbia, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Columbia is a 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

# BEDSDec 2021Dec 2022%
1 $147.5K$244K
+65.4%
2 $179.7K$230K
+28.0%
3 $260.9K$324.9K
+24.6%
4 $353K$428.8K
+21.5%
5+ $404K$459.8K
+13.8%

Median Sold Price Compared To Nearby Cities

Columbia
+25.2%
Spring Hill
+24.3%

How many homes are available in Columbia, TN?

Number of Homes For Sale

Nov 2022Dec 2022%
229222-3.1%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 00
0.0%
2 3833
-13.2%
3 131126
-3.8%
4 4851
+6.3%
5+ 1212
0.0%

Number of Homes Sold

Nov 2022Dec 2022%
5541-25.5%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2021Dec 2022%
13 Days31 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Columbia are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Columbia, TN

Homes for sale in Columbia, TN have reached 222. The inventory of homes for sale in Columbia, TN between November 2022 and December 2022 decreased by 3.1%. The median list price of listings available in December 2022 was $329,959, while the average time on the real estate market was 31 days. From November 2022 through December 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 65.4%, the cost of 2 bedrooms properties went up by 28%, prices of 3 bedrooms properties went up by 24.6%, the cost of 4 bedrooms properties went up by 21.5%, the cost of 5 bedrooms properties went up by 13.8%. Volume of homes for sale changed: number of 1 bedroom homes remained the same, volume of 2 bedrooms homes went down by 13.2%, number of 3 bedrooms homes decreased by 3.8%, volume of 4 bedrooms homes went up by 6.3%, 5 bedrooms homes inventory did not change. In December 2022 more than 6 listings in Columbia, TN were sold above the asking price. During the same period more than 14 listings were sold at asking price, while more than 20 were sold below.

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