$6,341 Closing Credit*
$534,021
2,800 SqFt
4 Beds
•3 Full Baths
Raychel Cook, Listing Office: Richmond American Homes of Tennessee Inc
Is Columbia, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$383,199
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$37,692(+10.9%)
Key Takeaway
Homes in Columbia have sold for 10.9% more than they did a year ago.
Summary: The median home sold price in Columbia was $383,199 in October 2024, up 10.9% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $254.8K | $314.5K | +23.4% |
| 2 Bedrooms | $243.5K | $237.6K | -2.4% |
| 3 Bedrooms | $334.2K | $358.5K | +7.2% |
| 4 Bedrooms | $425.2K | $463.1K | +8.9% |
| 5+ Bedrooms | $480K | $500.5K | +4.3% |
Summary: Columbia housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.4%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 4.3%.
Median Sold Price Compared To Nearby Cities
| Columbia | $345.5K | $383.1K | +10.9% |
| Mount Pleasant | $285K | $300K | +5.3% |
| Spring Hill | $490K | $480.6K | -1.9% |
Housing Supply in Columbia, TN
How many homes are available in Columbia, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 459 | 493 | +7.4% |
Summary: The Columbia real estate market had 493 homes for sale in October 2024, a 7.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 34 | 30 | -11.8% |
| 3 Bedrooms | 263 | 280 | +6.5% |
| 4 Bedrooms | 111 | 125 | +12.6% |
| 5+ Bedrooms | 46 | 54 | +17.4% |
Summary: The Columbia housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 11.8%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes increased by 17.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 91 | 88 | -3.3% |
Asking Price vs. Sold Price
46 Homes Were Sold
Under Asking
31 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Columbia, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.
Summary: A total of 88 homes were sold or pending in Columbia in October 2024, down by 3.3% month-over-month. Of the 87 sold homes, 53% were sold under asking, 36% were sold at asking, and 11% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 43 Days | 24 Days | -44.6% |
Summary: Homes in Columbia had an average of 24 days on market in Oct 2024, down by 44.6% compared to last year.
Breakdown of Home Sale Times
64 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
3 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 October 2024, 88 homes were sold in Columbia; 73% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 3% 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. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Greater Chattanooga Association of Realtors®. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright© 2024 Greater Chattanooga Association of REALTORS®.