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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Algood is a neutral's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

Algood is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

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

-$51,539(-17.9%)

Key Takeaway

Homes in Algood have sold for 17.9% less than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 -$85K
N/A
2 $199.9K$195K
-2.5%
3 $294.9K$264K
-10.5%
4 $335K$249K
-25.7%
5+ --
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
+8.3%
Algood
-17.9%

Housing Supply in Algood, TN

How many homes are available in Algood, TN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
814+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

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 00
0.0%
3 511
+120.0%
4 33
0.0%
5+ 00
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 2024May 2024CHANGE
02+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Algood, you may be able to get a good deal. 50% of homes here sold below asking price last month.

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 2023May 2024CHANGE
18 Days19 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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 Algood, TN

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