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.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$176,000|
|Per Square Foot||$135|
|Days on Market||7|
|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.
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|