Bryan Realty

Millington, TN

Single-Family Homes

Market Report / michael@bryanrealty.com



Millington, TN

Thu Sep 16 2021
This week the median list price for Millington, TN is $285,000 with the market action index hovering around 88. This is less than last month's market action index of 93. Inventory has increased to 15. 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 appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Millington, TN

Thu Sep 16 2021
This week the median list price for Millington, TN is $285,000 with the market action index hovering around 88. This is less than last month's market action index of 93. Inventory has increased to 15. 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 appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Millington market.
Median List Price $285,000
Median Price of New Listings $189,442
Per Square Foot $142
Average Days on Market 49
Median Days on Market 42
Price Decreased 47%
Price Increased 0%
Relisted 0%
Inventory 15
Median Rent
Market Action 88
Strong Seller's Market

Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.

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
$530,000 3,299 2.5 - 5 acres 4 2 18 1 1 21
$385,000 2,799 2.5 - 5 acres 4 3 11 0 1 94
$242,442 1,799 1 - 2.5 acres 3 2 49 2 2 49
$150,700 1,199 0.5 - 1 acre 3 1 63 1 1 42