Tue Mar 02 2021
This week the median list price for Millington, TN is $191,350 with the market action index hovering around 74. This is an increase over last month's market action index of 64. Inventory has held steady at or around 8.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$191,350|
|Per Square Foot||$107|
|Days on Market||35|
|Strong Seller's Market|
Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$382,500||2,599||10 - 20 acres||3||2||41||0||0||31|
|$229,350||1,899||1 - 2.5 acres||3||2||38||0||1||28|
|$174,950||1,549||2.5 - 5 acres||2||1||43||0||1||17|
|$115,000||1,549||0.25 - 0.5 acre||3||1||91||0||1||129|