Is Munford, 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, Munford was a Buyer's Market.
Housing Prices in Munford, TN
How much do homes in Munford, TN cost?
Median Sold Price
$299,900
-
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 | - | - | N/A |
2 Bedrooms | - | $122K | N/A |
3 Bedrooms | $266K | $260.5K | -2.1% |
4 Bedrooms | $427K | $335K | -21.5% |
5+ Bedrooms | - | $409.7K | N/A |
Summary: Munford 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 did not change, 3 bedroom homes decreased by 2.1%, 4 bedroom homes decreased by 21.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Munford | $270.9K | $299.9K | +10.7% |
Drummonds | $272K | $261K | -4.0% |
Housing Supply in Munford, TN
How many homes are available in Munford, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
49 | 60 | +22.4% |
Summary: The Munford real estate market had 60 homes for sale in April 2024, a 22.4% 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 | 3 | 3 | 0.0% |
3 Bedrooms | 25 | 31 | +24.0% |
4 Bedrooms | 20 | 25 | +25.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Munford 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 increased by 24%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 11 | +37.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Munford in April 2024, up by 37.5% month-over-month. Of the 11 sold homes, 64% were sold under asking, 9% were sold at asking, and 27% were sold over asking.
Days on Market for Munford, TN
We’re sorry, we don't have information for this market at the moment