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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Trade is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Trade was a Buyer's Market.

Key Takeaway

Trade 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 Trade, TN

How much do homes in Trade, TN cost?

Median Sold Price

$499,000

$143/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

+$276,847(+124.6%)

Key Takeaway

Homes in Trade have sold for 124.6% more than they did a month ago.

Summary: The median home sold price in Trade was $499,000 in May 2024, up 124.6% from last month, and the median price per square foot was $143.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 --
N/A
3 $222.1K$499K
+124.6%
4 --
N/A
5+ --
N/A

Summary: Trade housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 124.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Trade, TN

How many homes are available in Trade, TN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
87-12.5%

Summary: The Trade real estate market had 7 homes for sale in May 2024, a 12.5% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 11
0.0%
3 65
-16.7%
4 00
0.0%
5+ 00
0.0%

Summary: The Trade 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 decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Trade, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Trade in May 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Trade, TN

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

Average Sale Time

Apr 2024May 2024CHANGE
17 Days47 Days+176.5%

Summary: Homes in Trade had an average of 47 days on market in May 2024, up by 176.5% compared to last month.

Breakdown of Home Sale Times

0 Homes Were 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

Avg time on Rocket Homes in Trade has remained consistent over time.

Summary: During May 2024, 1 homes were sold in Trade; 0% of homes were sold within 30 days, 100% 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 Trade, TN

Nearby Markets to Trade, TN