Is Greenback, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Greenback has remained a Seller's Market.
Housing Prices in Greenback, TN
How much do homes in Greenback, TN cost?
Median Sold Price
$407,900
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Greenback was $407,900 in May 2024, down 0.5% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $147.4K | - | N/A |
2 Bedrooms | $262.5K | $245K | -6.7% |
3 Bedrooms | $410K | $390.4K | -4.8% |
4 Bedrooms | $485K | $760K | +56.7% |
5+ Bedrooms | $737.5K | $370K | -49.8% |
Summary: Greenback 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 6.7%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 56.7%, and 5+ bedroom homes decreased by 49.8%.
Housing Supply in Greenback, TN
How many homes are available in Greenback, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
20 | 25 | +25.0% |
Summary: The Greenback real estate market had 25 homes for sale in May 2024, a 25.0% 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 | 2 | 2 | 0.0% |
3 Bedrooms | 14 | 18 | +28.6% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Greenback 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 28.6%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 9 | +800.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Greenback in May 2024, up by 800.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% were sold over asking.
Days on Market for Greenback, TN
How long does it take to sell a home in Greenback, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
71 Days | 10 Days | -84.9% |
Summary: Homes in Greenback had an average of 10 days on market in May 2024, down by 84.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Greenback; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.