Is Crab Orchard, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Crab Orchard is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Crab Orchard was a Neutral Market.

Key Takeaway

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

Housing Prices in Crab Orchard, TN

How much do homes in Crab Orchard, TN cost?

Median Sold Price

$190,000

$174/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

-$175,000(-47.9%)

Key Takeaway

Homes in Crab Orchard have sold for 47.9% less than they did a month ago.

Summary: The median home sold price in Crab Orchard was $190,000 in April 2024, down 47.9% from last month, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 $365K$190K
-47.9%
3 --
N/A
4 --
N/A
5+ --
N/A

Summary: Crab Orchard housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 47.9%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Crab Orchard, TN

How many homes are available in Crab Orchard, TN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
69+50.0%

Summary: The Crab Orchard real estate market had 9 homes for sale in April 2024, a 50.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 53
-40.0%
3 14
+300.0%
4 02
+100.0%
5+ 00
0.0%

Summary: The Crab Orchard housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes increased by 300%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Crab Orchard, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Crab Orchard in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Crab Orchard, TN

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

Average Sale Time

Mar 2024Apr 2024CHANGE
176 Days38 Days-78.4%

Summary: Homes in Crab Orchard had an average of 38 days on market in Apr 2024, down by 78.4% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 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 Crab Orchard has remained consistent over time.

Summary: During April 2024, 2 homes were sold in Crab Orchard; 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.

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

Report Updated 17 Days Ago

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