Mon Dec 04 2023
This week the median list price for Tennessee, TN is $439,900 with the market action index hovering around 40. This is less than last month's market action index of 41. Inventory has held steady at or around 17,257.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$439,900|
|Median Price of New Listings||$379,900|
|Per Square Foot||$212|
|Average Days on Market||99|
|Median Days on Market||63|
|Slight Seller's Advantage|
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$989,900||3,478||1 - 2.5 acres||4||3.5||16||119||317||84|
|$530,000||2,433||0.25 - 0.5 acre||3||2.5||16||161||357||63|
|$369,900||1,855||0.25 - 0.5 acre||3||2||24||232||468||49|
|$225,000||1,300||0.25 - 0.5 acre||3||2||55||257||497||56|