If you’ve been thinking about buying or selling a home in Columbia, TN, knowing how the housing market in the area is performing is very important. It helps you determine the right price to sell your home or how much you should pay for the next home. Here’s a quick look at the most important housing data for the Columbia TN housing market over the last month.
Columbia TN Housing Market Update
October 23, 2015 through November 23, 2015
Houses Closed: 51
Average Sale Price: $176,266
Average Sale Price per Square Foot: $95.90
Median Sale Price: $139,900
Median Sale Price per Square Foot: $98.69
Lowest Sale Price: $59,995 for a 925 SQFT home with 2 bedrooms and 1 bathrooms.*
Highest Sale Price: $475,000 for a 4,288 SQFT home with 4 bedrooms and 3.5 bathrooms.
Homes Currently on the Market in Columbia, TN
$100,000 and under: 48 with 15 under contract.
$100,001 to $150,000: 74 with 31 under contract.
$150,001 to $200,000: 78 with 24 under contract.
$200,001 to $250,000: 46 with 10 under contract.
$250,001 to $300,000: 27 with 8 under contract.
$300,001 to $400,000: 48 with 5 under contract.
$401,000 to $500,000: 13 with 5 under contract.
$501,000 and up: 27 with 0 under contract.
Columbia, TN Market Analysis:
Houses in Columbia, TN sold on average within 2.82% of the list price. The most popular neighborhoods in Columbia during this time period was Armstrong Meadows (4 homes sold). Homes in the $100k to $150k are the ones that are in the most demand in Columbia with 41% under contract. The next highest under contract group was the $250k to $300k area with a percentage of 29%. Homes in Columbia that closed during this period had been on the market for an average of 86 days with a high of 339 days and a low of 0 days (sold before listing) on the market.
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*Two homes that sold for less that $25k each were removed from the data as they skewed the home values significantly and did not fit with the other selected homes.
**Parenthesis indicate the number of homes closed in these subdivisions over this period of time.
This data was valid as of 11/23/2015 and is subject to change as market conditions change.