Is Perry County, 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, Perry County was a Buyer's Market.
Key Takeaway
Perry County 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 Perry County, TN
How much do homes in Perry County, TN cost?
Median Sold Price
$237,500
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Perry County have sold for 31.9% more than they did a year ago.
Summary: The median home sold price in Perry County was $237,500 in May 2024, up 31.9% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $73K | $179.5K | +145.9% |
| 2 Bedrooms | $174.5K | $197.5K | +13.2% |
| 3 Bedrooms | $157.5K | $323.5K | +105.4% |
| 4 Bedrooms | $315K | $193.7K | -38.5% |
| 5+ Bedrooms | $500K | $395K | -21.0% |
Summary: Perry County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 145.9%, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 105.4%, 4 bedroom homes decreased by 38.5%, and 5+ bedroom homes decreased by 21%.
Median Sold Price Compared To Nearby Counties
| Perry County | $180K | $237.5K | +31.9% |
| Decatur County | $180K | $219.7K | +22.1% |
| Lewis County | $245K | $251.5K | +2.7% |
| Hickman County | $315K | $307.4K | -2.4% |
| Wayne County | $212.5K | $180K | -15.3% |
Housing Supply in Perry County, TN
How many homes are available in Perry County, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 27 | 0.0% |
Summary: The Perry County real estate market had 27 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 13 | 13 | 0.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Perry County 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 increased by 25%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
2 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 Perry County, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Perry County in May 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Perry County, TN
How long does it take to sell a home in Perry County, TN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 54 Days | 58 Days | +7.0% |
Summary: Homes in Perry County had an average of 58 days on market in May 2024, up by 7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Perry County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Perry County; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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.