Price per square meter is the quickest way to compare properties of different sizes and to tell whether an asking price is in line with the market. For this guide we analysed 594 sale listings of apartments and houses published on Fincaraíz and Metrocuadrado, Colombia’s main property portals, reviewed on 16 October 2026 across the four areas where we work. We then checked them against the latest reports from Metrocuadrado and Ciencuadras. All figures are in Colombian pesos (COP).
Important: these are asking prices — what sellers list on the portals — not closing prices or appraisals. The final price of a negotiation is usually somewhat lower. If you need a formal appraisal, for a mortgage for example, it must be done by an appraiser listed in Colombia’s Open Registry of Appraisers (RAA).
Summary: mid-size apartment (60 – 120 m²)
| Area | Price per m² range (COP millions) |
|---|---|
| El Poblado | 9.2 – 12.0 |
| Envigado | 8.0 – 10.3 |
| Laureles | 6.6 – 8.7 |
| Sabaneta | 6.6 – 8.0 |
With these ranges, a 90 m² apartment is usually listed at COP 830–1,080 million in El Poblado, 720–930 million in Envigado, 590–780 million in Laureles and 590–720 million in Sabaneta.
El Poblado (including Ciudad del Río)
| Property type | Price per m² range (COP millions) | Listings analysed |
|---|---|---|
| Studio or small apartment (under 60 m²) | $12.1 – $15.3 | 12 |
| Mid-size apartment (60 – 120 m²) | $9.2 – $12.0 | 60 |
| Large apartment or penthouse (over 120 m²) | $7.1 – $10.7 | 52 |
| House | $6.1 – $9.2 | 28 |
Top of the range: Ciudad del Río, thanks to its newer buildings; San Lucas, El Tesoro and Lalinde; and new developments in Castropol and Santa María de los Ángeles. Studios in Manila and San Lucas can exceed COP 15 million per m². Middle: Castropol, Los Balsos, the Milla de Oro, Provenza and El Campestre. Lower end: La Aguacatala, Patio Bonito, Los Parra, Loma de San Julián, Oviedo and large apartments in older buildings. For houses, La Calera, La Concha and Las Lomas sit at the top, and much of the price reflects the land. See properties for sale in El Poblado and apartments for sale in Las Palmas.
Laureles
| Property type | Price per m² range (COP millions) | Listings analysed |
|---|---|---|
| Studio or small apartment (under 60 m²) | $10.9 – $12.1 * | 4 |
| Mid-size apartment (60 – 120 m²) | $6.6 – $8.7 | 28 |
| Large apartment or penthouse (over 120 m²) | $4.6 – $7.1 | 16 |
| House | $4.1 – $5.8 | 12 |
Top of the range: La Castellana and El Nogal – Los Almendros, plus new or renovated apartments near the First and Second Park. Middle: central Laureles. Lower end: Los Conquistadores, Estadio and apartments over 150 m² in buildings from the 1980s and 1990s. Few studios come up for sale here, so that range is only a reference. Houses cost less per m² than apartments because much of their value is the land. See apartments for sale in Laureles.
Envigado
| Property type | Price per m² range (COP millions) | Listings analysed |
|---|---|---|
| Studio or small apartment (under 60 m²) | $10.1 – $12.9 * | 8 |
| Mid-size apartment (60 – 120 m²) | $8.0 – $10.3 | 140 |
| Large apartment or penthouse (over 120 m²) | $7.7 – $9.8 | 41 |
| House | $5.1 – $7.3 | 37 |
Top of the range: Las Palmas, El Esmeraldal — where there are new developments —, Loma del Escobero, Loma de las Brujas and Loma de Benedictinos. Middle: La Abadía, Camino Verde, La Frontera, Las Casitas, Las Antillas, Las Brujas and Bosques de Zúñiga. Lower end: El Chingüí, La Inmaculada, Zúñiga and the neighborhoods in the south of the municipality. For houses, Zúñiga and Benedictinos are at the top, and La Magnolia and Otraparte among the most affordable. See properties for sale in Envigado.
Sabaneta
| Property type | Price per m² range (COP millions) | Listings analysed |
|---|---|---|
| Studio or small apartment (under 60 m²) | $7.0 – $9.5 | 30 |
| Mid-size apartment (60 – 120 m²) | $6.6 – $8.0 | 83 |
| Large apartment or penthouse (over 120 m²) | $4.4 – $5.9 * | 10 |
| House | $4.1 – $5.6 | 33 |
Top of the range: studios in Entreamigos and Mayorca, Loma de la Doctora and San José. Middle: Calle Larga — with a wide spread of prices —, Sabaneta Real and Loma de San José. Lower end: Las Lomitas, Aves María and large penthouses. Large houses in Aves María and Monteazul have the lowest price per m² in the area. See properties for sale in Sabaneta.
* Small sample: treat it as a rough reference. Ranges are the 25th to 75th percentile of sale listings published on Fincaraíz and Metrocuadrado and reviewed on 16 October 2026. These are asking prices, not closing prices or appraisals.
How these compare with published reports
In September 2026 Metrocuadrado published a report with August asking prices by municipality, socioeconomic stratum (estrato) and size. Its figures, in COP millions per m², are a useful cross-check:
| Size | Estrato | Medellín | Envigado | Sabaneta |
|---|---|---|---|---|
| Under 50 m² | 3 – 4 | 5.85 | 9.36 | 7.08 |
| Under 50 m² | 5 – 6 | 12.27 | 16.50 | 8.52 |
| 50 – 100 m² | 3 – 4 | 6.50 | 7.97 | 7.18 |
| 50 – 100 m² | 5 – 6 | 8.92 | 9.29 | 7.69 |
| 100 – 200 m² | 3 – 4 | 5.13 | 6.96 | 6.25 |
| 100 – 200 m² | 5 – 6 | 7.72 | 8.58 | 6.49 |
Ciencuadras reported first-half 2026 averages of COP 7.46 million per m² for resale apartments in Envigado, 6.50 million in Sabaneta and 6.47 million across Medellín. Those averages cover every stratum in each municipality; our figures focus on the areas where we work, which are among the most sought-after, so they come out higher.
Why small apartments cost more per m²
A small apartment has almost the same expensive elements as a large one — kitchen, bathroom, finishes, parking — spread over fewer meters, and it’s the favourite product of investors who want to rent. That pushes its price per m² up. According to Metrocuadrado, in Medellín’s estratos 5 and 6 apartments under 50 m² cost 59% more per m² than those of 100–200 m². Always compare properties of a similar size.
How to use these figures
- If you’re buying: divide the asking price by the private area and compare it with the range for its area and type. If it’s well above, ask what justifies it: views, a high floor, a renovation, parking or a new building.
- If you’re selling: they give you an idea of the range similar properties are listed at. The right price depends on condition, floor, views, parking and the age of the building.
- For buying costs: add about 2% to 2.5% to the price for deed and registration costs. We explain them in how to buy property in Medellín, step by step.
Sources
- Sale listings on Fincaraíz and Metrocuadrado in El Poblado, Laureles, Envigado and Sabaneta, reviewed on 16 October 2026.
- Metrocuadrado: price per square meter for sale in Medellín and the Aburrá Valley (September 2026, in Spanish).
- Ciencuadras: real estate sector report, first half of 2026 (in Spanish).
Method: we removed duplicate listings, land plots, commercial units, “from” prices of off-plan projects and listings with obviously wrong data. Ranges run from the 25th to the 75th percentile of each group. We update this guide every quarter.