Is Taft, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Taft was a Buyer's Market.
Key Takeaway
Taft is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Taft, TN
How much do homes in Taft, TN cost?
Median Sold Price
$215,000
$157/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Taft have sold for 50% less than they did a month ago.
Summary: The median home sold price in Taft was $215,000 in May 2024, down 50% from last month, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $215K | N/A |
| 4 Bedrooms | $430K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Taft housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Taft, TN
How many homes are available in Taft, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 11 | +37.5% |
Summary: The Taft real estate market had 11 homes for sale in May 2024, a 37.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 5 | 8 | +60.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Taft 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 50%, 3 bedroom homes increased by 60%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Taft, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Taft in May 2024, up by 200.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Taft, TN
How long does it take to sell a home in Taft, TN?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 Days | 23 Days | -12.3% |
Summary: Homes in Taft had an average of 23 days on market in May 2024, down by 12.3% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Taft are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Taft; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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.