Is Algood, 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, Algood was a Seller's Market.
Housing Prices in Algood, TN
How much do homes in Algood, TN cost?
Median Sold Price
$236,750
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Algood was $236,750 in May 2024, down 17.9% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $85K | N/A |
2 Bedrooms | $199.9K | $195K | -2.5% |
3 Bedrooms | $294.9K | $264K | -10.5% |
4 Bedrooms | $335K | $249K | -25.7% |
5+ Bedrooms | - | - | N/A |
Summary: Algood 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 2.5%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes decreased by 25.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Cookeville | $305K | $330.2K | +8.3% |
Algood | $288.2K | $236.7K | -17.9% |
Housing Supply in Algood, TN
How many homes are available in Algood, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 14 | +75.0% |
Summary: The Algood real estate market had 14 homes for sale in May 2024, a 75.0% 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 | 0 | 0 | 0.0% |
3 Bedrooms | 5 | 11 | +120.0% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Algood 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 remained the same, 3 bedroom homes increased by 120%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
0 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Algood in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Algood, TN
How long does it take to sell a home in Algood, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
18 Days | 19 Days | +5.6% |
Summary: Homes in Algood had an average of 19 days on market in May 2024, up by 5.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Algood; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.