Bryan Realty

Millington, TN

Single-Family Homes

Market Report / michael@bryanrealty.com



Millington, TN

Fri Apr 23 2021
This week the median list price for Millington, TN is $176,000 with the market action index hovering around 87. This is an increase over last month's market action index of 80. Inventory has held steady at or around 11. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Millington, TN

Fri Apr 23 2021
This week the median list price for Millington, TN is $176,000 with the market action index hovering around 87. This is an increase over last month's market action index of 80. Inventory has held steady at or around 11. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Millington market.
Median List Price $176,000
Per Square Foot $135
Days on Market 7
Price Decreased 9%
Price Increased 9%
Relisted 0%
Inventory 11
Median Rent
Most Expensive $450,000
Least Expensive $120,000
Market Action 87
Strong Seller's Market

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.

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
$433,500 2,499 10 - 20 acres 4 2 27 0 1 56
$192,900 2,099 0.25 - 0.5 acre 4 2 39 2 0 0
$160,000 1,099 0.25 - 0.5 acre 3 1 56 1 1 7
$135,000 1,099 0.25 - 0.5 acre 3 2 26 1 2 7