Bryan Realty

Millington, TN

Single-Family Homes

Market Report / michael@bryanrealty.com



Millington, TN

Thu Mar 28 2024
This week the median list price for Millington, TN is $332,990 with the market action index hovering around 48. This is an increase over last month's market action index of 39. Inventory has decreased to 49. Click here to stay informed with the Millington market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Millington, TN

Thu Mar 28 2024
This week the median list price for Millington, TN is $332,990 with the market action index hovering around 48. This is an increase over last month's market action index of 39. Inventory has decreased to 49. Click here to stay informed with the Millington market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Millington market.
Median List Price $332,990
Median Price of New Listings $352,450
Per Square Foot $162
Average Days on Market 99
Median Days on Market 42
Price Decreased 37%
Price Increased 0%
Relisted 2%
Inventory 49
Median Rent
Market Action 48
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$587,000 3,900 2.5 - 5 acres 4 3.3 24 3 1 108
$357,500 2,200 1 - 2.5 acres 3 2.5 33 3 2 63
$302,449 1,900 0.5 - 1 acre 3 2 32 1 3 38
$189,900 1,400 0.25 - 0.5 acre 3 2 60 3 3 42