1The short answer
To know how much your home is worth you need two numbers: how many square meters it has and what the m² sells for in your neighborhood. The first is in your deed or in your property tax bill; the second we give you, neighborhood by neighborhood, with public and market data. A 100 m² home in an area where the m² sells for $4.0M is worth, as a starting point, around $400 million — and from there you adjust for condition, floor, age and extras.
That number is a market reference, not a certified appraisal. To sell, buy or apply for a mortgage you'll need a commercial appraisal carried out by an appraiser registered with the RAA. Ours helps you enter that conversation with context instead of blind.
2The m² by city, today
This is the sale value per square meter in the 7 cities we cover. We use the median — the middle value, not the average — because a handful of penthouses shouldn't inflate the figure for an entire city. And where we don't yet calibrate market value, we show the cadastral reference and say so right next to the number, not in the fine print. Open your city to see the breakdown by neighborhood:
| City | Median / reference $/m² | Coverage |
|---|---|---|
| Cartagena | $7,1 M/m² | Cobertura media |
| Medellín | $6,7 M/m² | Cobertura media |
| Bogotá D.C. | $6,0 M/m² | Cobertura amplia |
| Pereira | $4,7 M/m² · cadastral ref. | Cobertura limitada |
| Bucaramanga | $4,3 M/m² | Valor de mercado — cauteloso |
| Cali | $4,0 M/m² · cadastral ref. | Referencia catastral |
| Barranquilla | $4,0 M/m² · cadastral ref. | Referencia catastral |
The coverage column is our way of not lying to you: in Bogotá the model is calibrated with 52.408 listings; in Cali, Barranquilla, Pereira we still rely on the cadastral anchor — the official appraisal, which is not the same as market value —, and we say so next to each figure and on each city page. Your city's median is the starting point of the analysis, not the end: in Bogotá, the m² of the most expensive neighborhood is worth 1,4 times that of the cheapest. That's why the truly useful figure is the one for your neighborhood, and that's on each city page and on the value map.
3How the value is calculated
We don't guess: we cross-reference public and market sources and show where each figure comes from.
- Cadastre (IGAC and cadastral managers): the area, use and cadastral appraisal of each property. It's our historical anchor — by law, the cadastral appraisal cannot be lower than 60% of the commercial one.
- Published listings: the prices at which comparable properties are actually advertised in your area, today.
- Registered sales (SNR), where they exist: real transactions, not aspirations — currently active in Bogotá D.C. y Bucaramanga.
- Estrato and context (DANE): to compare like with like.
With that we calculate the median and a p10–p90 range by neighborhood — from the cheapest 10% to the most expensive 10%; half the market falls between the p25 and the p75 — and we show it to you with its confidence level, not as a magic number with ten decimal places. The full detail — which source weighs when, what we do when signal is missing and why we sometimes prefer to say "we don't know" — is in our methodology.
4No forms: here's how it works
Many "how much is my home worth?" pages are a disguised form: they ask for your email and phone before showing you anything, and the "appraisal" arrives later, along with the sales calls. Not here. You open the map, search for your address and see the estimated value with its range. No registration, no email, no phone, no waiting for a PDF.
The catch? There isn't one. The data already exists and is searchable — public cadastre, visible listings, registered sales —; we organize it and show it to you in full, including what we don't know. If you want to see how this compares with traditional online appraisals and what you can expect from each, we explain it plainly in free online appraisal.
5Frequently asked questions
How do I know how much my home is worth in Colombia?
Multiply the built area by the price per square meter in your neighborhood and adjust for condition, age and extras. The area is in your deed or in your property tax bill; the m² value by neighborhood you can see for free on the Terraes map, built with public and market data: cadastre, published listings and, where they exist, registered sales. For a certified figure you need a commercial appraisal carried out by an RAA appraiser.
How much is the square meter worth in Colombia?
It depends on the city and, above all, on the neighborhood. In the cities where we calibrate market value, the median sale price ranges today from $4,3 M/m² in Bucaramanga to $7,1 M/m² in Cartagena; in Cali, Barranquilla, Pereira we publish the cadastral reference while we gather enough market signal. And within a single city the difference is large: in Bogotá, the m² of the most expensive neighborhood is worth 1,4 times that of the cheapest.
Do I have to leave my email or phone to see the value?
No. The map and the city pages are freely accessible: you search the address and see the estimate with its range. We don't ask for registration, email or phone, and no advisor is going to call you.
Is the Terraes estimate an official appraisal?
No. It's value guidance built with public and market data. It doesn't replace the cadastral appraisal (the authority's, the basis of the property tax) nor the certified commercial appraisal (the one a bank requires or that's used in a sale). If you need to understand the difference between the two, we have the guide "Cadastral vs. commercial appraisal" at terraes.com/guias/avaluo-catastral-vs-comercial.
Why do you use the median and not the average?
Because the average gets distorted by a few very expensive or very cheap properties. The median is the middle value: half the market is below and half is above, so it better represents the typical property in an area.
What if my city isn't on the list?
For now we cover 7 cities: Bogotá D.C., Medellín, Cali, Barranquilla, Cartagena, Bucaramanga, Pereira. We prefer not to list a city until we have at least an honest reference — and when the signal is limited, we mark it as such in the coverage column and next to the figure, as we do today with cities where we only have the cadastral anchor. We're expanding coverage as we gather enough data to give a serious range.
Ready for your area's figure? Explore the appraisal by city, check how we calculate it or understand the difference between cadastral and commercial appraisal. If you're reading your property tax bill, start with what the cadastral appraisal is. Remember: the Terraes estimate is guidance, not a certified appraisal.