Is Estill Springs, 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, Estill Springs has remained a Seller's Market.
Housing Prices in Estill Springs, TN
How much do homes in Estill Springs, TN cost?
Median Sold Price
$289,950
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Estill Springs was $289,950 in May 2024, up 10.7% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $200K | $199.9K | -0.1% |
2 Bedrooms | $181K | $250K | +38.1% |
3 Bedrooms | $260K | $291.5K | +12.1% |
4 Bedrooms | $820K | $730.9K | -10.9% |
5+ Bedrooms | $825K | - | N/A |
Summary: Estill Springs housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.1%, 2 bedroom homes increased by 38.1%, 3 bedroom homes increased by 12.1%, 4 bedroom homes decreased by 10.9%, and 5+ bedroom homes did not change.
Housing Supply in Estill Springs, TN
How many homes are available in Estill Springs, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
54 | 55 | +1.9% |
Summary: The Estill Springs real estate market had 55 homes for sale in May 2024, a 1.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 10 | 9 | -10.0% |
3 Bedrooms | 32 | 35 | +9.4% |
4 Bedrooms | 7 | 6 | -14.3% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Estill Springs 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 decreased by 10%, 3 bedroom homes increased by 9.4%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 11 | +37.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Estill Springs in May 2024, up by 37.5% month-over-month. Of the 11 sold homes, 64% were sold under asking, 18% were sold at asking, and 18% were sold over asking.
Days on Market for Estill Springs, TN
How long does it take to sell a home in Estill Springs, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
18 Days | 63 Days | +244.0% |
Summary: Homes in Estill Springs had an average of 63 days on market in May 2024, up by 244% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 11 homes were sold in Estill Springs; 45% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.