Tue Mar 02 2021
This week the median list price for Somerville, TN 38068 is $625,000 with the market action index hovering around 57. This is less than last month's market action index of 58. Inventory has held steady at or around 5.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$625,000|
|Per Square Foot||$240|
|Days on Market||91|
|Strong Seller's Market|
The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$382,000||2,699||2.5 - 5 acres||4||4||15||0||1||91|