Is Estill Springs, 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, Estill Springs has remained a Seller's Market.
Key Takeaway
Estill Springs is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Estill Springs, TN
How much do homes in Estill Springs, TN cost?
Median Sold Price
$289,950
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Estill Springs have sold for 10.7% more than they did a year ago.
Summary: The median home sold price in Estill Springs was $289,950 in May 2024, up 10.7% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | $199.9K | -0.1% |
| 2 Bedrooms | $181K | $250K | +38.1% |
| 3 Bedrooms | $260K | $291.5K | +12.1% |
| 4 Bedrooms | $820K | $730.9K | -10.9% |
| 5+ Bedrooms | $825K | - | N/A |
Summary: Estill Springs housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.1%, 2 bedroom homes increased by 38.1%, 3 bedroom homes increased by 12.1%, 4 bedroom homes decreased by 10.9%, and 5+ bedroom homes did not change.
Housing Supply in Estill Springs, TN
How many homes are available in Estill Springs, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 54 | 55 | +1.9% |
Summary: The Estill Springs real estate market had 55 homes for sale in May 2024, a 1.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 32 | 35 | +9.4% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Estill Springs 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 decreased by 10%, 3 bedroom homes increased by 9.4%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 11 | +37.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Estill Springs, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Estill Springs in May 2024, up by 37.5% month-over-month. Of the 11 sold homes, 64% were sold under asking, 18% were sold at asking, and 18% were sold over asking.
Days on Market for Estill Springs, TN
How long does it take to sell a home in Estill Springs, TN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 18 Days | 63 Days | +244.0% |
Summary: Homes in Estill Springs had an average of 63 days on market in May 2024, up by 244% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Estill Springs are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in Estill Springs; 45% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% 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.