Is Columbia, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$359,999
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Columbia have sold for 3% more than they did a year ago.
Summary: The median home sold price in Columbia was $359,999 in April 2024, up 3% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $243K | $280K | +15.2% |
| 2 Bedrooms | $230K | $233.6K | +1.6% |
| 3 Bedrooms | $339.9K | $349.9K | +3.0% |
| 4 Bedrooms | $433.7K | $494.2K | +14.0% |
| 5+ Bedrooms | $499.5K | $493K | -1.3% |
Summary: Columbia housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.2%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 14%, and 5+ bedroom homes decreased by 1.3%.
Median Sold Price Compared To Nearby Cities
| Mount Pleasant | $272.5K | $285K | +4.6% |
| Columbia | $349.5K | $359.9K | +3.0% |
| Spring Hill | $518.7K | $481K | -7.3% |
Housing Supply in Columbia, TN
How many homes are available in Columbia, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 392 | 412 | +5.1% |
Summary: The Columbia real estate market had 412 homes for sale in April 2024, a 5.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 39 | 47 | +20.5% |
| 3 Bedrooms | 228 | 246 | +7.9% |
| 4 Bedrooms | 87 | 72 | -17.2% |
| 5+ Bedrooms | 36 | 44 | +22.2% |
Summary: The Columbia housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 20.5%, 3 bedroom homes increased by 7.9%, 4 bedroom homes decreased by 17.2%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 89 | 90 | +1.1% |
Asking Price vs. Sold Price
43 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Columbia, you may be able to get a good deal. 47.8% of homes here sold below asking price last month.
Summary: A total of 90 homes were sold or pending in Columbia in April 2024, up by 1.1% month-over-month. Of the 90 sold homes, 48% were sold under asking, 36% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 38 Days | 29 Days | -23.5% |
Summary: Homes in Columbia had an average of 29 days on market in Apr 2024, down by 23.5% compared to last year.
Breakdown of Home Sale Times
60 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
9 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 April 2024, 90 homes were sold in Columbia; 67% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 10% 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.