Is Cottontown, 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, Cottontown was a Seller's Market.
Key Takeaway
Cottontown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cottontown, TN
How much do homes in Cottontown, TN cost?
Median Sold Price
$500,000
$243/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since March 2023.
Key Takeaway
The sold price of homes in Cottontown has remained the same since last year.
Summary: The median home sold price in Cottontown was $500,000 in March 2024, the same as last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $385K | $312.4K | -18.8% |
| 3 Bedrooms | $475K | $463.5K | -2.4% |
| 4 Bedrooms | $605K | $654.4K | +8.2% |
| 5+ Bedrooms | $850K | - | N/A |
Summary: Cottontown housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 18.8%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Cross Plains | $443.5K | $494K | +11.4% |
| Cottontown | $500K | $500K | 0.0% |
| White House | $395K | $389.8K | -1.3% |
Housing Supply in Cottontown, TN
How many homes are available in Cottontown, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 28 | 32 | +14.3% |
Summary: The Cottontown real estate market had 32 homes for sale in March 2024, a 14.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 19 | 21 | +10.5% |
| 4 Bedrooms | 7 | 10 | +42.9% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Cottontown 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 decreased by 100%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 1 | -80.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cottontown, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Cottontown in March 2024, down by 80.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 28 Days | 81 Days | +185.9% |
Summary: Homes in Cottontown had an average of 81 days on market in Mar 2024, up by 185.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Cottontown has remained consistent over time.
Summary: During March 2024, 1 homes were sold in Cottontown; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.