Is Centerville, 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, Centerville has remained a Seller's Market.
Key Takeaway
Centerville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Centerville, TN
How much do homes in Centerville, TN cost?
Median Sold Price
$258,500
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Centerville have sold for 14% more than they did a year ago.
Summary: The median home sold price in Centerville was $258,500 in March 2024, up 14% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | $105.2K | -27.4% |
| 2 Bedrooms | $178.5K | $201.9K | +13.1% |
| 3 Bedrooms | $209K | $267.1K | +27.8% |
| 4 Bedrooms | $267K | $297.2K | +11.3% |
| 5+ Bedrooms | $3.0M | $331.5K | -88.9% |
Summary: Centerville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.4%, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 27.8%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes decreased by 88.9%.
Housing Supply in Centerville, TN
How many homes are available in Centerville, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 26 | 25 | -3.8% |
Summary: The Centerville real estate market had 25 homes for sale in March 2024, a 3.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 16 | 16 | 0.0% |
| 4 Bedrooms | 6 | 4 | -33.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Centerville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Centerville, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Centerville in March 2024, the same as the previous month. Of the 5 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% were sold over asking.
Days on Market for Centerville, TN
How long does it take to sell a home in Centerville, TN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 28 Days | 71 Days | +154.3% |
Summary: Homes in Centerville had an average of 71 days on market in Mar 2024, up by 154.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Centerville has remained consistent over time.
Summary: During March 2024, 5 homes were sold in Centerville; 0% of homes were sold within 30 days, 80% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.