Bryan Realty

Millington, TN

Single-Family Homes

Market Report / michael@bryanrealty.com



Millington, TN

Tue Aug 09 2022
This week the median list price for Millington, TN is $297,990 with the market action index hovering around 80. This is less than last month's market action index of 83. Inventory has increased to 26. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Millington, TN

Tue Aug 09 2022
This week the median list price for Millington, TN is $297,990 with the market action index hovering around 80. This is less than last month's market action index of 83. Inventory has increased to 26. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Millington market.
Median List Price $297,990
Median Price of New Listings $298,990
Per Square Foot $152
Average Days on Market 23
Median Days on Market 21
Price Decreased 15%
Price Increased 8%
Relisted 0%
Inventory 26
Median Rent
Market Action 80
Strong Seller's Market

This week saw relatively little price change from last week. However, prices continue demonstrate a nice up trend in general over the last several weeks.

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
$325,445 1,899 0.25 - 0.5 acre 4 2.3 7 1 3 14
$299,990 1,699 0.25 - 0.5 acre 4 2 0 2 1 17
$279,900 1,499 0.25 - 0.5 acre 3 2 43 2 2 21
$140,000 1,299 8,000 - 10,000 sqft 3 1.5 49 1 2 14