Is Bedford County, 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, Bedford County has remained a Seller's Market.
Housing Prices in Bedford County, TN
How much do homes in Bedford County, TN cost?
Median Sold Price
$312,240
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Bedford County was $312,240 in March 2024, up 2.4% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $81K | $289.9K | +257.9% |
2 Bedrooms | $215K | $232.5K | +8.1% |
3 Bedrooms | $304.6K | $306.9K | +0.8% |
4 Bedrooms | $366.2K | $399.9K | +9.2% |
5+ Bedrooms | $444.7K | $492.9K | +10.8% |
Summary: Bedford County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 257.9%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 10.8%.
Median Sold Price Compared To Nearby Counties
Lincoln County | $234.2K | $248.2K | +6.0% |
Coffee County | $289K | $296.6K | +2.6% |
Bedford County | $304.9K | $312.2K | +2.4% |
Marshall County | $323.2K | $329.6K | +2.0% |
Housing Supply in Bedford County, TN
How many homes are available in Bedford County, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
225 | 235 | +4.4% |
Summary: The Bedford County real estate market had 235 homes for sale in March 2024, a 4.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 27 | 28 | +3.7% |
3 Bedrooms | 147 | 158 | +7.5% |
4 Bedrooms | 44 | 41 | -6.8% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Bedford County 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 increased by 3.7%, 3 bedroom homes increased by 7.5%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
40 | 49 | +22.5% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 49 homes were sold or pending in Bedford County in March 2024, up by 22.5% month-over-month. Of the 49 sold homes, 41% were sold under asking, 41% were sold at asking, and 18% were sold over asking.
Days on Market for Bedford County, TN
How long does it take to sell a home in Bedford County, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
46 Days | 42 Days | -7.8% |
Summary: Homes in Bedford County had an average of 42 days on market in Mar 2024, down by 7.8% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 49 homes were sold in Bedford County; 53% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.