Is Decherd, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Decherd was a Seller's Market.
Key Takeaway
Decherd is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Decherd, TN
How much do homes in Decherd, TN cost?
Median Sold Price
$279,900
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Decherd have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Decherd was $279,900 in March 2024, up 5.6% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $120K | N/A |
| 2 Bedrooms | $122K | $182.2K | +49.4% |
| 3 Bedrooms | $274.4K | $289.9K | +5.6% |
| 4 Bedrooms | $279.9K | $289.9K | +3.6% |
| 5+ Bedrooms | $182.5K | $225K | +23.3% |
Summary: Decherd housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 49.4%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 23.3%.
Median Sold Price Compared To Nearby Cities
| Winchester | $300.5K | $365K | +21.5% |
| Decherd | $265K | $279.9K | +5.6% |
| Estill Springs | $260K | $269.9K | +3.8% |
Housing Supply in Decherd, TN
How many homes are available in Decherd, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 33 | 33 | 0.0% |
Summary: The Decherd real estate market had 33 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 23 | 21 | -8.7% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Decherd housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 4 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Decherd, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Decherd in March 2024, down by 50.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 75% were sold at asking, and 0% were sold over asking.
Days on Market for Decherd, TN
How long does it take to sell a home in Decherd, TN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 64 Days | 86 Days | +33.4% |
Summary: Homes in Decherd had an average of 86 days on market in Mar 2024, up by 33.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Decherd are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 4 homes were sold in Decherd; 25% of homes were sold within 30 days, 25% 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.