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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Allardt is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Allardt has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Allardt, TN

How much do homes in Allardt, TN cost?

Median Sold Price

$303,750

$146/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

-$56,250(-15.6%)

Key Takeaway

Homes in Allardt have sold for 15.6% less than they did a month ago.

Summary: The median home sold price in Allardt was $303,750 in September 2024, down 15.6% from last month, and the median price per square foot was $146.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 $365K-
N/A
3 $355K$303.7K
-14.4%
4 --
N/A
5+ --
N/A

Summary: Allardt housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 14.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Allardt, TN

How many homes are available in Allardt, TN?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
95-44.4%

Summary: The Allardt real estate market had 5 homes for sale in September 2024, a 44.4% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 85
-37.5%
4 00
0.0%
5+ 00
0.0%

Summary: The Allardt housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 37.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
220.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Allardt, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Allardt in September 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Allardt, TN

How long does it take to sell a home in Allardt, TN?

Average Sale Time

Aug 2024Sep 2024CHANGE
80 Days49 Days-38.1%

Summary: Homes in Allardt had an average of 49 days on market in Sep 2024, down by 38.1% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 2 homes were sold in Allardt; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 30 Days Ago

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