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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cottontown is a neutral's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Cottontown was a Seller's Market.

Key Takeaway

Cottontown is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Cottontown, TN

How much do homes in Cottontown, TN cost?

Median Sold Price

$500,000

$240/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$42,000(+9.2%)

Key Takeaway

Homes in Cottontown have sold for 9.2% more than they did a year ago.

Summary: The median home sold price in Cottontown was $500,000 in September 2024, up 9.2% from last year, and the median price per square foot was $240.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $362.5K$349.9K
-3.5%
3 $405.9K$490K
+20.7%
4 $640K$699.9K
+9.4%
5+ --
N/A

Summary: Cottontown housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.5%, 3 bedroom homes increased by 20.7%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Cottontown
+9.2%
Cross Plains
+9.0%
White House
+0.8%

Housing Supply in Cottontown, TN

How many homes are available in Cottontown, TN?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
34340.0%

Summary: The Cottontown real estate market had 34 homes for sale in September 2024, the same as August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 00
0.0%
3 2523
-8.0%
4 79
+28.6%
5+ 22
0.0%

Summary: The Cottontown 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 decreased by 8%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
85-37.5%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cottontown, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Cottontown in September 2024, down by 37.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for Cottontown, TN

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

Average Sale Time

Sep 2023Sep 2024CHANGE
40 Days37 Days-6.7%

Summary: Homes in Cottontown had an average of 37 days on market in Sep 2024, down by 6.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Cottontown has remained consistent over time.

Summary: During September 2024, 5 homes were sold in Cottontown; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% 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 30 Days Ago

Newest Listings in Cottontown, TN

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