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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cottontown is a seller's market

Buyer's
Market

Difference Since October 2021

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

Key Takeaway

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

How much do homes in Cottontown, TN cost?

Median Sold Price

$495,000

$217/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$117,100(+31.0%)

Key Takeaway

Homes in Cottontown have sold for 31% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 --
N/A
2 $225K$277.5K
+23.3%
3 $372.2K$475K
+27.6%
4 $601K$530K
-11.8%
5+ $320K$670K
+109.4%

Median Sold Price Compared To Nearby Cities

Cottontown
+31.0%
White House
+19.3%

How many homes are available in Cottontown, TN?

Number of Homes For Sale

Sep 2022Oct 2022%
3841+7.9%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 11
0.0%
3 2626
0.0%
4 1114
+27.3%
5+ 00
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
79+28.6%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cottontown, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.

Average Sale Time

Oct 2021Oct 2022%
11 Days11 Days+2.1%

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Cottontown, TN

Number of homes for sale in Cottontown, TN real estate market have reached 41. The inventory of homes for sale in Cottontown, TN between September 2022 and October 2022 increased by 7.9%. Listings spent 11 days on the market in October 2022, and had a median list price of $495,000 during the same period. Between September 2022 and October 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 0% more expensive, 2 bedrooms properties became 23.3% more expensive, the cost of 3 bedrooms properties went up by 27.6%, the cost of 4 bedrooms properties went down by 11.8%, 5 bedrooms properties prices increased by 109.4%. Volume of homes for sale changed: 1 bedroom homes inventory did not change, the quantity of 2 bedrooms homes have not changed, 3 bedrooms homes inventory did not change, 4 bedrooms homes inventory increased by 27.3%, volume of 5 bedrooms homes stayed the same. In October 2022 more than 2 listings in Cottontown, TN were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 1 were sold below.

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