Columbia-area home prices fall 6.1% in September, with houses for sale in high demand

Mike Stucka and Sean Lahman USA TODAY NETWORK
·2 min read
The Harvest Point subdivision, under construction in Spring Hill in Maury County, contains single family homes, condos and town homes.
The Harvest Point subdivision, under construction in Spring Hill in Maury County, contains single family homes, condos and town homes.

A typical Maury County home listed for $460,000 in September, down 6.1% from the previous month's $489,923, an analysis of data from Realtor.com shows.

The median list home price in September was up about 16.3% from September 2021. Maury County's median home was 2,126 square feet for a listed price of $234 per square foot.

The Maury County market was busy, with a median 36 days on market. A month earlier, homes had a median 26 days on market. The market added 272 new home listings in September, compared with the 222 added in September 2021. The market ended the month with some 431 listings of homes for sale.

The median home prices issued by Realtor.com may exclude much, or even most, of a market's homes. The price and volume represent only homes that are single-family homes, condominiums or townhomes. They include existing homes, but exclude most new construction as well as pending and contingent sales.

Work continues on a new building at the Arden Village Community in Columbia, Tenn., on Wednesday, Feb. 9, 2022.
Work continues on a new building at the Arden Village Community in Columbia, Tenn., on Wednesday, Feb. 9, 2022.

Information on your local housing market is available through the USA TODAY Network, with more data from Realtor.com.

Across metro Nashville, median home prices fell to $528,875, down 0.8% from a month earlier. The median home had 2,200 square feet, at a list price of $249 per square foot.

Across all of Tennessee, median home prices were $425,000, falling 1.7% from a month earlier. The median Tennessee home for sale had 2,080 square feet at list price of $217 per square foot.

Across the United States, median home prices were $427,250, down 1.3% from a month earlier. The median American home for sale had 1,875 square feet, listed at $220 per square foot.

The median home list price — the midway point of all the houses or units listed over a period of time — is used more often in this report instead of the average home list price because experts say the median offers a more accurate view of what's happening in a market. In finding the average price, all prices of homes listed are added and then divided by the number of homes sold. This measure can be skewed by one low or high price.

The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from the Realtor.com residential listings database. The story was written by Mike Stucka and Sean Lahman.

This article originally appeared on The Daily Herald: Columbia-area homes for sale drop to $460,000 median price