Are Home Prices Rising or Falling in Columbia, TN?
Columbia, a city near Nashville, TN, is a housing market where prices have edged slightly lower. Here's why prices are moving this way and what it means on the ground.
The National Picture
Across the country, home prices have continued to edge up. The median U.S. sale price is about $399,000, a 2% gain from a year ago. The typical American household earns roughly $88,000 and now spends about 34% of that on housing costs, an improvement from last year. Around 20% of listings have had a price cut, homes take a median of 50 days to sell, and there are about four months of supply.
Home Prices in the Nashville Area
Across the Nashville metro, the median sale price is about $480,000, essentially flat from a year ago. The typical metro-area household earns around $96,000 and spends about 36% of that on housing, down about 1.5 percentage points from last year. With 5.4 months of supply and homes sitting a median of 64 days, the Nashville market is more balanced than it was a year ago.
Sellers Adjust Asking Prices as the Market Softens
The median home in Columbia sells for about $368K, down roughly 1% from last year. That's among the most affordable options in the Nashville metro, where the overall median sits at $480,000. About 40% of active listings have had a price cut, the highest share among nearby cities, and homes sit for a median of 78 days before going under contract. The typical sale closes at about 98% of list price, and about 15% of homes sold above asking. Nearby Spring Hill saw a steeper 4% decline, while Manchester posted a 12% gain.
Why Are Prices Flat in Columbia?
Homes in Columbia are taking considerably longer to sell, with the median days on market rising 18 days from last year to 78. Active listings grew about 4%, even as new listings dipped 3%, and pending sales edged up just 2%. With about 4.7 months of supply and 40% of listings carrying a price reduction, sellers are adjusting expectations. For buyers, the slower pace and frequent price cuts create more negotiating room.
| Location | Median Price | Price YoY | Price Drops | Months of Supply |
|---|---|---|---|---|
| Columbia ★ | $368,006 | -1.1% | 40.1% | 4.7 |
| Spring Hill | $508,284 | -4.1% | 34.6% | 4.1 |
| Murfreesboro | $429,716 | -1.2% | 33.2% | 4.0 |
| La Vergne | $378,549 | +2.3% | 33.4% | 4.6 |
| Portland | $329,772 | +3.1% | 29.7% | 4.9 |
| Manchester | $329,993 | +11.9% | 23.7% | 4.8 |
Limited to neighborhoods with at least 10 home sales in the period.
All data comes from Redfin and represents a three-month rolling average ending August 2026. This article has been generated, in whole or in part, using generative artificial intelligence (AI) technology, with input from Redfin head of economics research Chen Zhao. While efforts have been made to ensure the accuracy and reliability of this information, you should independently verify all data, facts, and citations contained in this article before relying on it for any purpose. This information is not a substitute for advice from a real estate agent, financial advisor, or other licensed professional. Check the Redfin Data Center for additional in-depth housing market data.
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