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 June 2023

At the same time last year, Culleoka was a Seller'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

$435,000

$266/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

-$29,950(-6.4%)

Key Takeaway

Homes in Culleoka have sold for 6.4% less than they did a year ago.

Summary: The median home sold price in Culleoka was $435,000 in June 2024, down 6.4% from last year, and the median price per square foot was $266.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $250K-
N/A
2 $300K$550K
+83.3%
3 $437.5K$426.3K
-2.6%
4 $785K$360K
-54.1%
5+ $690K$1.0M
+55.8%

Summary: Culleoka housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 83.3%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes decreased by 54.1%, 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

May 2024Jun 2024CHANGE
2526+4.0%

Summary: The Culleoka real estate market had 26 homes for sale in June 2024, a 4.0% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 1415
+7.1%
4 89
+12.5%
5+ 00
0.0%

Summary: The Culleoka housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

May 2024Jun 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were 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. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Culleoka in June 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% 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

Jun 2023Jun 2024CHANGE
90 Days18 Days-79.6%

Summary: Homes in Culleoka had an average of 18 days on market in Jun 2024, down by 79.6% compared to last year.

Breakdown of Home Sale Times

2 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 Culleoka are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 3 homes were sold in Culleoka; 67% of homes were sold within 30 days, 33% 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 26 Days Ago

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