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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Alexandria is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Alexandria has remained a Seller's Market.

Key Takeaway

Alexandria is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Alexandria, TN

How much do homes in Alexandria, TN cost?

Median Sold Price

$322,500

$206/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$66,050(+25.8%)

Key Takeaway

Homes in Alexandria have sold for 25.8% more than they did a year ago.

Summary: The median home sold price in Alexandria was $322,500 in May 2024, up 25.8% from last year, and the median price per square foot was $206.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $225K$189.9K
-15.6%
3 $257.9K$310.2K
+20.3%
4 $369.9K$492.5K
+33.1%
5+ $510K-
N/A

Summary: Alexandria 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 decreased by 15.6%, 3 bedroom homes increased by 20.3%, 4 bedroom homes increased by 33.1%, and 5+ bedroom homes did not change.

Housing Supply in Alexandria, TN

How many homes are available in Alexandria, TN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1417+21.4%

Summary: The Alexandria real estate market had 17 homes for sale in May 2024, a 21.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 35
+66.7%
3 1010
0.0%
4 12
+100.0%
5+ 00
0.0%

Summary: The Alexandria 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 66.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
25+150.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Alexandria, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Alexandria in May 2024, up by 150.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.

Days on Market for Alexandria, TN

How long does it take to sell a home in Alexandria, TN?

Average Sale Time

May 2023May 2024CHANGE
48 Days9 Days-80.3%

Summary: Homes in Alexandria had an average of 9 days on market in May 2024, down by 80.3% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Alexandria are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 5 homes were sold in Alexandria; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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 Alexandria, TN

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