Your Local Real Estate Market Report

Clarksville, TN

Single-Family Homes

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Clarksville, TN

Thu Sep 21 2023
This week the median list price for Clarksville, TN is $359,900 with the market action index hovering around 39. This is less than last month's market action index of 40. Inventory has held steady at or around 850. Click here to stay informed with the Clarksville market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Clarksville, TN

Thu Sep 21 2023
This week the median list price for Clarksville, TN is $359,900 with the market action index hovering around 39. This is less than last month's market action index of 40. Inventory has held steady at or around 850. Click here to stay informed with the Clarksville market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Clarksville market.
Median List Price $359,900
Median Price of New Listings $309,900
Per Square Foot $190
Average Days on Market 94
Median Days on Market 56
Price Decreased 37%
Price Increased 5%
Relisted 15%
Inventory 850
Median Rent
Market Action 39
Slight Seller's Advantage

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$510,000 2,759 0.25 - 0.5 acre 4 3 1 12 14 77
$387,250 2,157 0.25 - 0.5 acre 4 3 0 11 30 66
$328,900 1,750 0.25 - 0.5 acre 3 2.5 1 22 24 49
$276,000 1,357 0.25 - 0.5 acre 3 2 9 39 52 35