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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cunningham is a buyer's market

Buyer's
Market

Difference Since January 2023

At the same time last year, Cunningham was a Seller's Market.

Key Takeaway

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

Housing Prices in Cunningham, TN

How much do homes in Cunningham, TN cost?

Median Sold Price

$363,950

$193/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

-$36,050(-9.0%)

Key Takeaway

Homes in Cunningham have sold for 9% less than they did a year ago.

Summary: The median home sold price in Cunningham was $363,950 in January 2024, down 9% from last year, and the median price per square foot was $193.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 --
N/A
2 $202K$277.4K
+37.4%
3 $399.9K$327.5K
-18.1%
4 $442.7K$512.5K
+15.8%
5+ -$965K
N/A

Summary: Cunningham housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 37.4%, 3 bedroom homes decreased by 18.1%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes did not change.

Housing Supply in Cunningham, TN

How many homes are available in Cunningham, TN?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
1315+15.4%

Summary: The Cunningham real estate market had 15 homes for sale in January 2024, a 15.4% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 01
+100.0%
2 22
0.0%
3 99
0.0%
4 23
+50.0%
5+ 00
0.0%

Summary: The Cunningham housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
02+100.0%

Asking Price vs. Sold Price

1 Home Was 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 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 January 2024, up by 100.0% 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

Jan 2023Jan 2024CHANGE
21 Days58 Days+176.2%

Summary: Homes in Cunningham had an average of 58 days on market in Jan 2024, up by 176.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

Summary: During January 2024, 2 homes were sold in Cunningham; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 21 Days Ago

Newest Listings in Cunningham, TN

Nearby Markets to Cunningham, TN

What housing markets are near Cunningham, TN?