Is Cross Plains, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Cross Plains was a Seller's Market.
Key Takeaway
Cross Plains is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cross Plains, TN
How much do homes in Cross Plains, TN cost?
Median Sold Price
$470,500
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Cross Plains have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in Cross Plains was $470,500 in May 2024, up 6.1% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $470K | N/A |
| 3 Bedrooms | $411.9K | $434.4K | +5.5% |
| 4 Bedrooms | $443.5K | $545K | +22.9% |
| 5+ Bedrooms | $597.1K | $1.0M | +68.2% |
Summary: Cross Plains 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 did not change, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 22.9%, and 5+ bedroom homes increased by 68.2%.
Median Sold Price Compared To Nearby Cities
| Cross Plains | $443.5K | $470.5K | +6.1% |
| Cottontown | $495K | $490K | -1.0% |
Housing Supply in Cross Plains, TN
How many homes are available in Cross Plains, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 20 | +25.0% |
Summary: The Cross Plains real estate market had 20 homes for sale in May 2024, a 25.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Cross Plains housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cross Plains, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Cross Plains in May 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Cross Plains, TN
How long does it take to sell a home in Cross Plains, TN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 124 Days | 28 Days | -77.5% |
Summary: Homes in Cross Plains had an average of 28 days on market in May 2024, down by 77.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cross Plains are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Cross Plains; 50% of homes were sold within 30 days, 50% 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.