Is Cosby, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Cosby was a Seller's Market.
Housing Prices in Cosby, TN
How much do homes in Cosby, TN cost?
Median Sold Price
$314,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Cosby was $314,000 in March 2024, up 24.4% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $229.5K | $350K | +52.5% |
2 Bedrooms | $334.9K | $275.9K | -17.6% |
3 Bedrooms | $200K | $380K | +90.0% |
4 Bedrooms | $240K | $293.5K | +22.3% |
5+ Bedrooms | - | - | N/A |
Summary: Cosby housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 52.5%, 2 bedroom homes decreased by 17.6%, 3 bedroom homes increased by 90%, 4 bedroom homes increased by 22.3%, and 5+ bedroom homes did not change.
Housing Supply in Cosby, TN
How many homes are available in Cosby, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
31 | 41 | +32.3% |
Summary: The Cosby real estate market had 41 homes for sale in March 2024, a 32.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 9 | +12.5% |
2 Bedrooms | 12 | 17 | +41.7% |
3 Bedrooms | 5 | 8 | +60.0% |
4 Bedrooms | 6 | 6 | 0.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Cosby housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 41.7%, 3 bedroom homes increased by 60%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1 | 5 | +400.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Cosby in March 2024, up by 400.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Cosby, TN
How long does it take to sell a home in Cosby, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
54 Days | 64 Days | +19.0% |
Summary: Homes in Cosby had an average of 64 days on market in Mar 2024, up by 19% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Cosby; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.