Is Chapmansboro, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Chapmansboro has remained a Seller's Market.
Key Takeaway
Chapmansboro is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chapmansboro, TN
How much do homes in Chapmansboro, TN cost?
Median Sold Price
$357,500
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Chapmansboro have sold for 1.5% less than they did a year ago.
Summary: The median home sold price in Chapmansboro was $357,500 in May 2024, down 1.5% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $310K | $365K | +17.7% |
| 3 Bedrooms | $361.5K | $350K | -3.2% |
| 4 Bedrooms | $425K | $465K | +9.4% |
| 5+ Bedrooms | $800K | - | N/A |
Summary: Chapmansboro housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.7%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Chapmansboro | $363K | $357.5K | -1.5% |
| Pleasant View | $419K | $380K | -9.3% |
Housing Supply in Chapmansboro, TN
How many homes are available in Chapmansboro, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 20 | 19 | -5.0% |
Summary: The Chapmansboro real estate market had 19 homes for sale in May 2024, a 5.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 15 | 13 | -13.3% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Chapmansboro housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 7 | +133.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chapmansboro, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Chapmansboro in May 2024, up by 133.3% month-over-month. Of the 7 sold homes, 57% were sold under asking, 43% were sold at asking, and 0% were sold over asking.
Days on Market for Chapmansboro, TN
How long does it take to sell a home in Chapmansboro, TN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 56 Days | 18 Days | -67.1% |
Summary: Homes in Chapmansboro had an average of 18 days on market in May 2024, down by 67.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chapmansboro are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Chapmansboro; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.