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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Clarkrange is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Clarkrange has remained a Buyer's Market.

Key Takeaway

Clarkrange is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Clarkrange, TN

How much do homes in Clarkrange, TN cost?

Median Sold Price

$285,200

$199/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

-$70,800(-19.9%)

Key Takeaway

Homes in Clarkrange have sold for 19.9% less than they did a month ago.

Summary: The median home sold price in Clarkrange was $285,200 in September 2024, down 19.9% from last month, and the median price per square foot was $199.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 -$163.7K
N/A
3 $327K$367.4K
+12.4%
4 $399.9K-
N/A
5+ --
N/A

Summary: Clarkrange 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 increased by 12.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Grimsley
+37.3%
Deer Lodge
+1.3%
Clarkrange
-19.9%

Housing Supply in Clarkrange, TN

How many homes are available in Clarkrange, TN?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
4847-2.1%

Summary: The Clarkrange real estate market had 47 homes for sale in September 2024, a 2.1% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 66
0.0%
3 3232
0.0%
4 98
-11.1%
5+ 11
0.0%

Summary: The Clarkrange 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
440.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Clarkrange, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in Clarkrange in September 2024, the same as the previous month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.

Days on Market for Clarkrange, TN

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

Average Sale Time

Aug 2024Sep 2024CHANGE
126 Days49 Days-60.7%

Summary: Homes in Clarkrange had an average of 49 days on market in Sep 2024, down by 60.7% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 4 homes were sold in Clarkrange; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 Sep 1, 2024

Newest Listings in Clarkrange, TN

Nearby Markets to Clarkrange, TN

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