Is Columbia, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$358,372
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Columbia have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Columbia was $358,372 in March 2024, up 2.4% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $243K | $280K | +15.2% |
| 2 Bedrooms | $232.5K | $234.3K | +0.8% |
| 3 Bedrooms | $340K | $345.8K | +1.7% |
| 4 Bedrooms | $445.8K | $477.4K | +7.1% |
| 5+ Bedrooms | $502.5K | $509.9K | +1.5% |
Summary: Columbia housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.2%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 1.5%.
Median Sold Price Compared To Nearby Cities
| Columbia | $350K | $358.3K | +2.4% |
| Mount Pleasant | $300K | $280K | -6.7% |
| Spring Hill | $519.9K | $484.6K | -6.8% |
Housing Supply in Columbia, TN
How many homes are available in Columbia, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 345 | 378 | +9.6% |
Summary: The Columbia real estate market had 378 homes for sale in March 2024, a 9.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 31 | 38 | +22.6% |
| 3 Bedrooms | 200 | 215 | +7.5% |
| 4 Bedrooms | 85 | 89 | +4.7% |
| 5+ Bedrooms | 28 | 34 | +21.4% |
Summary: The Columbia housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 22.6%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 21.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 57 | 83 | +45.6% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
24 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. 50.6% of homes here sold below asking price last month.
Summary: A total of 83 homes were sold or pending in Columbia in March 2024, up by 45.6% month-over-month. Of the 83 sold homes, 51% were sold under asking, 29% were sold at asking, and 20% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 35 Days | 39 Days | +9.9% |
Summary: Homes in Columbia had an average of 39 days on market in Mar 2024, up by 9.9% compared to last year.
Breakdown of Home Sale Times
53 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
16 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 March 2024, 83 homes were sold in Columbia; 64% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 19% 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.