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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Culleoka is a buyer's market

Buyer's
Market

Difference Since May 2023

Since last year, Culleoka has remained a Buyer's Market.

Key Takeaway

Culleoka is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Culleoka, TN

How much do homes in Culleoka, TN cost?

Median Sold Price

$444,900

$276/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$45,100(-9.2%)

Key Takeaway

Homes in Culleoka have sold for 9.2% less than they did a year ago.

Summary: The median home sold price in Culleoka was $444,900 in May 2024, down 9.2% from last year, and the median price per square foot was $276.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$250K
N/A
2 $390K$550K
+41.0%
3 $437.5K$435K
-0.6%
4 $785K$750K
-4.5%
5+ $690K$1.0M
+55.8%

Summary: Culleoka housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 41%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 55.8%.

Housing Supply in Culleoka, TN

How many homes are available in Culleoka, TN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1622+37.5%

Summary: The Culleoka real estate market had 22 homes for sale in May 2024, a 37.5% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 22
0.0%
3 1112
+9.1%
4 38
+166.7%
5+ 00
0.0%

Summary: The Culleoka housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 166.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Culleoka, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Culleoka in May 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Culleoka, TN

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

Average Sale Time

May 2023May 2024CHANGE
23 Days43 Days+89.1%

Summary: Homes in Culleoka had an average of 43 days on market in May 2024, up by 89.1% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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 Culleoka are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 2 homes were sold in Culleoka; 50% of homes were sold within 30 days, 50% 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 12 Days Ago

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