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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Whitwell is a buyer's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

Whitwell is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Whitwell, TN

How much do homes in Whitwell, TN cost?

Median Sold Price

$230,000

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$5,000(+2.2%)

Key Takeaway

Homes in Whitwell have sold for 2.2% more than they did a year ago.

Summary: The median home sold price in Whitwell was $230,000 in May 2024, up 2.2% from last year, and the median price per square foot was $159.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $350K$590K
+68.6%
2 $135K$195K
+44.4%
3 $199.5K$230K
+15.3%
4 $290.5K$359K
+23.6%
5+ $555K$255.9K
-53.9%

Summary: Whitwell housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 68.6%, 2 bedroom homes increased by 44.4%, 3 bedroom homes increased by 15.3%, 4 bedroom homes increased by 23.6%, and 5+ bedroom homes decreased by 53.9%.

Housing Supply in Whitwell, TN

How many homes are available in Whitwell, TN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4341-4.7%

Summary: The Whitwell real estate market had 41 homes for sale in May 2024, a 4.7% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 75
-28.6%
3 2828
0.0%
4 46
+50.0%
5+ 42
-50.0%

Summary: The Whitwell 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 28.6%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Apr 2024May 2024CHANGE
102-80.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Whitwell, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Whitwell in May 2024, down by 80.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Whitwell, 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

Newest Listings in Whitwell, TN

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