Is Munford, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Munford is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Munford was a Seller's Market.

Key Takeaway

Munford 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 Munford, TN

How much do homes in Munford, TN cost?

Median Sold Price

$292,000

-

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$7,900(-2.6%)

Key Takeaway

Homes in Munford have sold for 2.6% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 -$122K
N/A
3 $275.9K$260.5K
-5.6%
4 $323.9K$351.4K
+8.5%
5+ -$409.7K
N/A

Summary: Munford 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 decreased by 5.6%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Atoka
+4.2%
Munford
-2.6%

Housing Supply in Munford, TN

How many homes are available in Munford, TN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
6272+16.1%

Summary: The Munford real estate market had 72 homes for sale in May 2024, a 16.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 31
-66.7%
3 3138
+22.6%
4 2731
+14.8%
5+ 12
+100.0%

Summary: The Munford 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 66.7%, 3 bedroom homes increased by 22.6%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
12120.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Munford, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Munford in May 2024, the same as the previous month. Of the 12 sold homes, 58% were sold under asking, 25% were sold at asking, and 17% were sold over asking.

Days on Market for Munford, TN

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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Newest Listings in Munford, TN

Nearby Markets to Munford, TN

What housing markets are near Munford, TN?

MLS Disclaimers and Copyright

Based on information from Memphis MLS, and RealTracs Middle Tennessee Regional MLS for the period 06/01/2022 - 06/01/2024

Copyright© 2024 Memphis Area Association of REALTORS. The information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/2/2024, 4:20:32 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

IDX Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX© 2024 of the REALTRACS MLS. All rights Reserved.

The data relating to this real estate for sale on this websites comes in part courtesy of the IDX program of the REALTRACS MLS. Real estate listings held by brokerage firms other than this broker are marked with the REALTRACS IDX Logo. REALTRACS and this broker deem all information reliable but not guaranteed, and should be independently verified. REALTRACS and this broker assume no responsibility for typographical errors, misprints or misinformation.

REALTRACS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/2/2024, 12:48:31 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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