Is Cunningham, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Cunningham has remained a Seller's Market.
Key Takeaway
Cunningham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cunningham, TN
How much do homes in Cunningham, TN cost?
Median Sold Price
$420,000
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Cunningham have sold for 15.4% more than they did a year ago.
Summary: The median home sold price in Cunningham was $420,000 in June 2024, up 15.4% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $215K | N/A |
| 2 Bedrooms | - | $277.4K | N/A |
| 3 Bedrooms | $327.5K | $434K | +32.5% |
| 4 Bedrooms | $400K | $434.4K | +8.6% |
| 5+ Bedrooms | - | - | N/A |
Summary: Cunningham 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 did not change, 3 bedroom homes increased by 32.5%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Cunningham | $364K | $420K | +15.4% |
| Cumberland Furnace | $454.9K | $499.9K | +9.9% |
Housing Supply in Cunningham, TN
How many homes are available in Cunningham, TN?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 12 | 9 | -25.0% |
Summary: The Cunningham real estate market had 9 homes for sale in June 2024, a 25.0% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 7 | 4 | -42.9% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Cunningham housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 42.9%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cunningham, 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 Cunningham in June 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Cunningham, TN
How long does it take to sell a home in Cunningham, TN?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 2 Days | 189 Days | +8021.4% |
Summary: Homes in Cunningham had an average of 189 days on market in Jun 2024, up by 8021.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Cunningham has remained consistent over time.
Summary: During June 2024, 2 homes were sold in Cunningham; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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.