Is Meigs County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Meigs County has remained a Seller's Market.
Housing Prices in Meigs County, TN
How much do homes in Meigs County, TN cost?
Median Sold Price
$325,000
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $205K | $279.9K | +36.5% |
2 Bedrooms | $175K | $217.5K | +24.3% |
3 Bedrooms | $325.1K | $332.5K | +2.3% |
4 Bedrooms | $430K | $460K | +7.0% |
5+ Bedrooms | $712.5K | $350K | -50.9% |
Summary: Meigs County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.5%, 2 bedroom homes increased by 24.3%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 7%, and 5+ bedroom homes decreased by 50.9%.
Median Sold Price Compared To Nearby Counties
Bradley County | $294.2K | $309.2K | +5.1% |
McMinn County | $239.9K | $248.1K | +3.4% |
Rhea County | $285K | $293.5K | +3.0% |
Hamilton County | $348.4K | $355.9K | +2.2% |
Meigs County | $325.1K | $325K | 0% |
Housing Supply in Meigs County, TN
How many homes are available in Meigs County, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
80 | 87 | +8.8% |
Summary: The Meigs County real estate market had 87 homes for sale in April 2024, a 8.8% increase 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 | 9 | 11 | +22.2% |
3 Bedrooms | 49 | 53 | +8.2% |
4 Bedrooms | 20 | 21 | +5.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Meigs County 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 increased by 22.2%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 16 | +23.1% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Meigs County in April 2024, up by 23.1% month-over-month. Of the 16 sold homes, 88% were sold under asking, 6% were sold at asking, and 6% were sold over asking.
Days on Market for Meigs County, TN
How long does it take to sell a home in Meigs County, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
94 Days | 55 Days | -41.0% |
Summary: Homes in Meigs County had an average of 55 days on market in Apr 2024, down by 41% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 16 homes were sold in Meigs County; 31% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.