Is Downtown, 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, Downtown was a Seller's Market.
Housing Prices in Downtown, TN
How much do homes in Downtown, TN cost?
Median Sold Price
$255,250
-
Based on all homes sold in the last 12 months.
Difference Since May 2023
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | $212K | -5.8% |
2 Bedrooms | $341.5K | $290K | -15.1% |
3 Bedrooms | $356.2K | $490K | +37.5% |
4 Bedrooms | $670K | $610K | -9.0% |
5+ Bedrooms | - | - | N/A |
Summary: Downtown housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.8%, 2 bedroom homes decreased by 15.1%, 3 bedroom homes increased by 37.5%, 4 bedroom homes decreased by 9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Harbortown / Mud Island | $390K | $400K | +2.6% |
Downtown | $338K | $255.2K | -24.5% |
Housing Supply in Downtown, TN
How many homes are available in Downtown, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
76 | 90 | +18.4% |
Summary: The Downtown real estate market had 90 homes for sale in May 2024, a 18.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 21 | +110.0% |
2 Bedrooms | 39 | 40 | +2.6% |
3 Bedrooms | 18 | 22 | +22.2% |
4 Bedrooms | 8 | 6 | -25.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Downtown housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 110%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 22.2%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 5 | -54.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Downtown in May 2024, down by 54.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Downtown, TN
We’re sorry, we don't have information for this market at the moment