Is Cheatham 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, Cheatham County has remained a Seller's Market.
Housing Prices in Cheatham County, TN
How much do homes in Cheatham County, TN cost?
Median Sold Price
$384,392
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Cheatham County was $384,392 in March 2024, up 1.2% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $199.9K | $221K | +10.6% |
2 Bedrooms | $310K | $325K | +4.8% |
3 Bedrooms | $368.4K | $380K | +3.1% |
4 Bedrooms | $572K | $484K | -15.4% |
5+ Bedrooms | $619.5K | $570K | -8.0% |
Summary: Cheatham County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.6%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes decreased by 8%.
Median Sold Price Compared To Nearby Counties
Dickson County | $343.6K | $354.9K | +3.3% |
Robertson County | $377.7K | $389.6K | +3.2% |
Montgomery County | $304.9K | $309.2K | +1.4% |
Cheatham County | $380K | $384.3K | +1.2% |
Davidson County | $451.6K | $450K | -0.4% |
Housing Supply in Cheatham County, TN
How many homes are available in Cheatham County, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
183 | 199 | +8.7% |
Summary: The Cheatham County real estate market had 199 homes for sale in March 2024, a 8.7% 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 | 23 | 29 | +26.1% |
3 Bedrooms | 122 | 127 | +4.1% |
4 Bedrooms | 33 | 37 | +12.1% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Cheatham 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 26.1%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
26 | 43 | +65.4% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 43 homes were sold or pending in Cheatham County in March 2024, up by 65.4% month-over-month. Of the 43 sold homes, 53% were sold under asking, 35% were sold at asking, and 12% were sold over asking.
Days on Market for Cheatham County, TN
How long does it take to sell a home in Cheatham County, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
44 Days | 46 Days | +6.0% |
Summary: Homes in Cheatham County had an average of 46 days on market in Mar 2024, up by 6% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 43 homes were sold in Cheatham County; 58% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.