Mon Oct 03 2022
This week the median list price for Oakland, TN 38060 is $397,400 with the market action index hovering around 43. This is less than last month's market action index of 48. Inventory has increased to 46.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$397,400|
|Median Price of New Listings||$366,900|
|Per Square Foot||$174|
|Average Days on Market||110|
|Median Days on Market||46|
|Slight Seller's Advantage|
Again this week we see a downward notch for prices in this zip code. We continue to pull back from the market’s highs. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$610,500||2,899||5 - 10 acres||4||3||15||0||1||98|
|$445,000||2,899||0.25 - 0.5 acre||4||3||0||0||2||77|
|$377,495||2,099||4,500 - 6,500 sqft||4||2.5||0||2||2||42|
|$328,995||1,799||8,000 - 10,000 sqft||3||2||2||1||2||28|