Is Baxter, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Baxter has remained a Seller's Market.
Housing Prices in Baxter, TN
How much do homes in Baxter, TN cost?
Median Sold Price
$347,450
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Baxter was $347,450 in March 2024, up 7.9% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $116K | - | N/A |
2 Bedrooms | $215K | $240K | +11.6% |
3 Bedrooms | $298.7K | $300.8K | +0.7% |
4 Bedrooms | $333.3K | $512.4K | +53.7% |
5+ Bedrooms | $369.9K | $407.4K | +10.1% |
Summary: Baxter housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 53.7%, and 5+ bedroom homes increased by 10.1%.
Housing Supply in Baxter, TN
How many homes are available in Baxter, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
30 | 35 | +16.7% |
Summary: The Baxter real estate market had 35 homes for sale in March 2024, a 16.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 22 | 24 | +9.1% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Baxter housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 9 | +350.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Baxter in March 2024, up by 350.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% were sold over asking.
Days on Market for Baxter, TN
How long does it take to sell a home in Baxter, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
55 Days | 100 Days | +82.2% |
Summary: Homes in Baxter had an average of 100 days on market in Mar 2024, up by 82.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in Baxter; 22% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 56% of homes were sold over 90 days.