Is Decherd, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Decherd was a Neutral Market.
Housing Prices in Decherd, TN
How much do homes in Decherd, TN cost?
Median Sold Price
$278,900
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Decherd was $278,900 in April 2024, up 4.1% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $120K | N/A |
2 Bedrooms | $115K | $182.2K | +58.5% |
3 Bedrooms | $285K | $289.9K | +1.7% |
4 Bedrooms | $279.9K | $299.9K | +7.1% |
5+ Bedrooms | $182.5K | $225K | +23.3% |
Summary: Decherd housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 58.5%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 23.3%.
Median Sold Price Compared To Nearby Cities
Winchester | $300.5K | $365K | +21.5% |
Estill Springs | $266K | $279.9K | +5.2% |
Decherd | $267.9K | $278.9K | +4.1% |
Housing Supply in Decherd, TN
How many homes are available in Decherd, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
30 | 27 | -10.0% |
Summary: The Decherd real estate market had 27 homes for sale in April 2024, a 10.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 18 | 16 | -11.1% |
4 Bedrooms | 9 | 8 | -11.1% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Decherd housing inventory by bedroom type for April 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 11.1%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 9 | +80.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Decherd in April 2024, up by 80.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.
Days on Market for Decherd, TN
How long does it take to sell a home in Decherd, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
41 Days | 57 Days | +39.8% |
Summary: Homes in Decherd had an average of 57 days on market in Apr 2024, up by 39.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Decherd; 56% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.