1What $/m² means
The price per square meter divides a property's value by its area. It helps you compare areas and detect whether a home is cheap or expensive relative to its surroundings. The problem is that not all $/m² figures mean the same thing: one may come from a listed asking price, another from a registered sale, another from a cadastral appraisal, and another from an automated estimate.
These figures come from sale listings. They are not completed transaction prices or cadastral appraisals. Check the sample size and period before comparing.
2Table by city
Monthly median asking prices from Terraes. Each row retains its source period and listing count; cities may have different periods. We mark the sample as insufficient when fewer than two observations or no valid value are available.
| City | Median asking price (COP/m²) | Sample and period |
|---|---|---|
| Cartagena | $7,1 M/m² | 5,700 listings · 2026-10 |
| Medellín | $6,7 M/m² | 28,782 listings · 2026-10 |
| Bogotá D.C. | $6,0 M/m² | 52,887 listings · 2026-06 |
| Pereira | $4,7 M/m² | 8,445 listings · 2026-06 |
| Bucaramanga | $4,3 M/m² | 5,336 listings · 2026-10 |
| Cali | $4,0 M/m² | 15,383 listings · 2026-10 |
| Barranquilla | $4,0 M/m² | 8,540 listings · 2026-10 |
3Why the neighborhood rules
A city median combines homes from different neighborhoods with different characteristics. Compare properties in the same neighborhood and of the same type, with similar areas and conditions. A high value in a small sample does not establish which neighborhood is most expensive.
- Asking price: reflects the seller's expectation and tends to sit above the closing price.
- Registered sale: improves the signal, but may arrive with a lag and without all details visible.
- Cadastral reference: serves as a fiscal or administrative anchor, not as a direct market price.
4How to use it
To estimate a home, multiply the built area by the neighborhood's $/m² and adjust for condition, age, floor, view, parking, HOA fees, and legal status. If the property is atypical, the neighborhood $/m² is only an initial reference.
If you need a value for a bank, succession, a formal sale, or a court proceeding, request a commercial appraisal from an appraiser registered with the RAA. If you need to correct the property's official value, check the cadastral appraisal review guide.
5Frequently asked questions
What is the price per square meter in Colombia?
There is no single national price. In the available samples, median asking prices range from $4,0 M/m² in Barranquilla to $7,1 M/m² in Cartagena. Check the period and size of each sample in the table; these are not completed transaction prices.
Why use the median and not the average?
The median splits an ordered sample into two equal halves. Unlike the average, it is less affected by a few very expensive or very cheap listings. It still requires a sufficient, comparable sample.
Is the asking price the same as the sale price?
No. The published asking price is what the seller wants. The registered sale is a stronger signal, but it isn't always available at the same level of detail. Terraes keeps sources separate so it doesn't present every figure as if it carried the same confidence.
Can I multiply area by $/m² to know how much my house is worth?
Yes as a starting point, not as a certified appraisal. Multiply the built area by your neighborhood's $/m² value and adjust for condition, age, floor, view, parking, and legal status.
Is the Terraes $/m² a cadastral appraisal?
No. This table summarizes asking prices per square meter. The official cadastral appraisal is issued by the cadastral authority and serves a different purpose.
Terraes publishes market guidance using public and listing data. It does not replace cadastral appraisals issued by the competent authority, nor commercial appraisals certified by appraisers registered with the RAA.