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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cunningham is a seller's market

Buyer's
Market

Difference Since April 2021

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.

How much do homes in Cunningham, TN cost?

Median Sold Price

$345,000

$157/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2021

+$47,500(+16.0%)

Key Takeaway

Homes in Cunningham have sold for 16% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2021Apr 2022%
1 --
N/A
2 $150K$225.5K
+50.3%
3 $290K$302.7K
+4.4%
4 $349.4K$455.2K
+30.3%
5+ $379.9K$710K
+86.9%

Median Sold Price Compared To Nearby Cities

Cumberland Furnace
+17.8%
Cunningham
+16.0%

How many homes are available in Cunningham, TN?

Number of Homes For Sale

Mar 2022Apr 2022%
76-14.3%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 00
0.0%
2 00
0.0%
3 43
-25.0%
4 33
0.0%
5+ 00
0.0%

Number of Homes Sold

Mar 2022Apr 2022%
330.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cunningham, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Average Sale Time

Apr 2021Apr 2022%
2 Days18 Days+671.4%

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 Cunningham 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 Cunningham, TN

Number of homes for sale in Cunningham, TN real estate market have reached 6. The number of listings in Cunningham, TN decreased by 14.3% between March 2022 and April 2022. While the average time on the market in April 2022 was 18 days, the median list price was $345,000. Between March 2022 and April 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties went up by 50.3%, 3 bedrooms properties became 4.4% more expensive, 4 bedrooms properties became 30.3% more expensive, the cost of 5 bedrooms properties went up by 86.9%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes remained the same, volume of 2 bedrooms homes stayed the same, 3 bedrooms homes inventory decreased by 25%, volume of 4 bedrooms homes stayed the same, 5 bedrooms homes inventory did not change. In April 2022, from all listings sold in Cunningham, TN there were more than 1 sold above asking price, over 1 sold below and more than 1 were sold right at the asked price.

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