Is Monteagle, 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, Monteagle was a Buyer's Market.
Key Takeaway
Monteagle is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Monteagle, TN
How much do homes in Monteagle, TN cost?
Median Sold Price
$489,990
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Monteagle have sold for 16.7% more than they did a year ago.
Summary: The median home sold price in Monteagle was $489,990 in May 2024, up 16.7% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $349K | - | N/A |
| 2 Bedrooms | $225K | $215K | -4.4% |
| 3 Bedrooms | $419.9K | $350K | -16.6% |
| 4 Bedrooms | $555.6K | $530.7K | -4.5% |
| 5+ Bedrooms | $594.9K | $616.2K | +3.6% |
Summary: Monteagle 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 decreased by 4.4%, 3 bedroom homes decreased by 16.6%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 3.6%.
Median Sold Price Compared To Nearby Cities
| Monteagle | $419.9K | $489.9K | +16.7% |
| Monteagle | $515.1K | $505.1K | -2.0% |
| Sewanee | $625K | $475K | -24.0% |
Housing Supply in Monteagle, TN
How many homes are available in Monteagle, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 36 | 42 | +16.7% |
Summary: The Monteagle real estate market had 42 homes for sale in May 2024, a 16.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 16 | 21 | +31.3% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Monteagle housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 31.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monteagle, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Monteagle in May 2024, up by 75.0% month-over-month. Of the 7 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Monteagle, TN
How long does it take to sell a home in Monteagle, TN?
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Monteagle are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Monteagle; 57% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 43% 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.