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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Clarksville is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Clarksville has remained a Seller's Market.

Key Takeaway

Clarksville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Clarksville, TN

How much do homes in Clarksville, TN cost?

Median Sold Price

$308,931

$178/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$8,882(+3.0%)

Key Takeaway

Homes in Clarksville have sold for 3% more than they did a year ago.

Summary: The median home sold price in Clarksville was $308,931 in March 2024, up 3% from last year, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $138.7K$170K
+22.5%
2 $215K$221.9K
+3.2%
3 $276.6K$288.5K
+4.3%
4 $365K$371.8K
+1.9%
5+ $410K$416K
+1.5%

Summary: Clarksville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.5%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 1.5%.

Median Sold Price Compared To Nearby Cities

Oak Grove
+17.8%
Oak Grove-Pembroke
+15.5%
Clarksville
+3.0%

Housing Supply in Clarksville, TN

How many homes are available in Clarksville, TN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1,5101,630+7.9%

Summary: The Clarksville real estate market had 1,630 homes for sale in March 2024, a 7.9% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 107113
+5.6%
3 871971
+11.5%
4 420421
0.2%
5+ 111124
+11.7%

Summary: The Clarksville 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 5.6%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 11.7%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
268305+13.8%

Asking Price vs. Sold Price

92 Homes Were Sold
Under Asking

169 Homes Were Sold
At Asking

43 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Clarksville, expect to pay close to the asking price. 55.6% of homes here sold near the asking price last month.

Summary: A total of 305 homes were sold or pending in Clarksville in March 2024, up by 13.8% month-over-month. Of the 304 sold homes, 30% were sold under asking, 56% were sold at asking, and 14% were sold over asking.

Days on Market for Clarksville, TN

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

Average Sale Time

Mar 2023Mar 2024CHANGE
41 Days46 Days+14.2%

Summary: Homes in Clarksville had an average of 46 days on market in Mar 2024, up by 14.2% compared to last year.

Breakdown of Home Sale Times

166 Homes Were Sold
Under 30 Days

83 Homes Were Sold
In 30 - 90 Days

54 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 305 homes were sold in Clarksville; 54% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 18% 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 24 Days Ago

Newest Listings in Clarksville, TN

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