Is Algood, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Algood is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Algood was a Buyer's Market.

Key Takeaway

Algood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Algood, TN cost?

Median Sold Price

$183,600

$150/sqft

Based on all homes sold in April 2022.

Difference Since Last Month

-$275,400(-60.0%)

Key Takeaway

Homes in Algood have sold for 60% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSMar 2022Apr 2022%
1 --
N/A
2 --
N/A
3 -$183.6K
N/A
4 $459K-
N/A
5+ --
N/A

How many homes are available in Algood, TN?

Number of Homes For Sale

Mar 2022Apr 2022%
914+55.6%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 00
0.0%
2 22
0.0%
3 511
+120.0%
4 21
-50.0%
5+ 00
0.0%

Number of Homes Sold

Mar 2022Apr 2022%
14+300.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Algood, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Average Sale Time

Mar 2022Apr 2022%
58 Days3 Days-94.8%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Algood are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Algood, TN

Algood, TN has 14 homes for sale to choose from. The number of listings in Algood, TN increased by 55.6% between March 2022 and April 2022. Listings spent 3 days on the market in April 2022, and had a median list price of $183,600 during the same period. This housing market listing prices have changed between April 2021 and April 2022: prices of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went up by 0%, prices of 3 bedrooms properties went up by 0%, 4 bedrooms properties became 0% more expensive, prices of 5 bedrooms properties increased by 0%. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes have not changed, the quantity of 2 bedrooms homes have not changed, the quantity of 3 bedrooms homes went up by 120%, the quantity of 4 bedrooms homes went down by 50%, volume of 5 bedrooms homes stayed the same. While more than 4 listings in Algood, TN in April 2022 were sold above asking price, there were more than 0 listings sold at asking price, and more than 0 were sold below.

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