Is Waverly, 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, Waverly was a Seller's Market.
Housing Prices in Waverly, TN
How much do homes in Waverly, TN cost?
Median Sold Price
$230,500
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Waverly was $230,500 in May 2024, up 15.5% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $155K | $163K | +5.2% |
2 Bedrooms | $150K | $160.7K | +7.1% |
3 Bedrooms | $199.7K | $256.5K | +28.4% |
4 Bedrooms | $235K | $272.5K | +16.0% |
5+ Bedrooms | - | $467.5K | N/A |
Summary: Waverly housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.2%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 28.4%, 4 bedroom homes increased by 16%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Waverly | $199.5K | $230.5K | +15.5% |
Mc Ewen | $270K | $272K | +0.7% |
Housing Supply in Waverly, TN
How many homes are available in Waverly, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
36 | 39 | +8.3% |
Summary: The Waverly real estate market had 39 homes for sale in May 2024, a 8.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 0 | -100.0% |
2 Bedrooms | 4 | 6 | +50.0% |
3 Bedrooms | 19 | 20 | +5.3% |
4 Bedrooms | 8 | 10 | +25.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Waverly housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 2 | -83.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Waverly in May 2024, down by 83.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Waverly, TN
How long does it take to sell a home in Waverly, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
36 Days | 53 Days | +45.2% |
Summary: Homes in Waverly had an average of 53 days on market in May 2024, up by 45.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Waverly; 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.