Is Hohenwald, 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, Hohenwald has remained a Buyer's Market.
Housing Prices in Hohenwald, TN
How much do homes in Hohenwald, TN cost?
Median Sold Price
$251,550
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Hohenwald was $251,550 in May 2024, up 4.8% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $96.2K | $215K | +123.4% |
2 Bedrooms | $139.9K | $160.5K | +14.7% |
3 Bedrooms | $223K | $260K | +16.6% |
4 Bedrooms | $312.2K | $304K | -2.6% |
5+ Bedrooms | $475K | $209.5K | -55.9% |
Summary: Hohenwald housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 123.4%, 2 bedroom homes increased by 14.7%, 3 bedroom homes increased by 16.6%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes decreased by 55.9%.
Housing Supply in Hohenwald, TN
How many homes are available in Hohenwald, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
56 | 66 | +17.9% |
Summary: The Hohenwald real estate market had 66 homes for sale in May 2024, a 17.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 8 | 9 | +12.5% |
3 Bedrooms | 36 | 41 | +13.9% |
4 Bedrooms | 9 | 11 | +22.2% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Hohenwald 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 increased by 12.5%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 5 | -16.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Hohenwald in May 2024, down by 16.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Hohenwald, TN
How long does it take to sell a home in Hohenwald, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
4 Days | 49 Days | +1140.0% |
Summary: Homes in Hohenwald had an average of 49 days on market in May 2024, up by 1140% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Hohenwald; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.