Bryan Realty

Millington, TN

Single-Family Homes

Market Report / michael@bryanrealty.com



Millington, TN

Sun Aug 18 2019
This week the median list price for Millington, TN is $179,950 with the market action index hovering around 48. This is less than last month's market action index of 53. Inventory has held steady at or around 38. Click here to stay informed with the Millington market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Millington, TN

Sun Aug 18 2019
This week the median list price for Millington, TN is $179,950 with the market action index hovering around 48. This is less than last month's market action index of 53. Inventory has held steady at or around 38. Click here to stay informed with the Millington market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Millington market.
Median List Price $179,950
Per Square Foot $80
Days on Market 82
Price Decreased 45%
Price Increased 0%
Relisted 3%
Inventory 38
Median House Rent $997
Most Expensive $409,900
Least Expensive $48,000
Market Action Index
Strong Seller's Market
48

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
$315,000 3,299 1 - 2.5 acres 4 3 22 2 0 121
$249,950 3,099 0.25 - 0.5 acre 4 3 21 1 1 91
$144,750 1,599 0.25 - 0.5 acre 3 2 51 0 2 42
$75,750 1,499 0.25 - 0.5 acre 3 1 66 2 0 81