Is Monteagle, 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, Monteagle has remained a Buyer's Market.
Housing Prices in Monteagle, TN
How much do homes in Monteagle, TN cost?
Median Sold Price
$515,990
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Monteagle was $515,990 in April 2024, up 0.2% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $349K | - | N/A |
2 Bedrooms | $185K | $315.2K | +70.4% |
3 Bedrooms | $419.9K | $387.5K | -7.7% |
4 Bedrooms | $561.3K | $536.5K | -4.4% |
5+ Bedrooms | - | $594.9K | N/A |
Summary: Monteagle 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 70.4%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes did not change.
Housing Supply in Monteagle, TN
How many homes are available in Monteagle, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
42 | 45 | +7.1% |
Summary: The Monteagle real estate market had 45 homes for sale in April 2024, a 7.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 14 | 18 | +28.6% |
4 Bedrooms | 16 | 13 | -18.8% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Monteagle housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 28.6%, 4 bedroom homes decreased by 18.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 4 | -42.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Monteagle in April 2024, down by 42.9% month-over-month. Of the 4 sold homes, 25% were sold under asking, 75% were sold at asking, and 0% were sold over asking.
Days on Market for Monteagle, TN
How long does it take to sell a home in Monteagle, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
95 Days | 4 Days | -95.1% |
Summary: Homes in Monteagle had an average of 4 days on market in Apr 2024, down by 95.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Monteagle; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.