Is Deer Creek, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Deer Creek is a neutral's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

Deer Creek is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Deer Creek, TN

How much do homes in Deer Creek, TN cost?

Median Sold Price

$435,000

$213/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$5,000(+1.2%)

Key Takeaway

Homes in Deer Creek have sold for 1.2% more than they did a year ago.

Summary: The median home sold price in Deer Creek was $435,000 in March 2024, up 1.2% from last year, and the median price per square foot was $213.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 --
N/A
3 $437.5K$435K
-0.6%
4 $355K-
N/A
5+ --
N/A

Summary: Deer Creek 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 did not change, 3 bedroom homes decreased by 0.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Deer Creek, TN

How many homes are available in Deer Creek, TN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
770.0%

Summary: The Deer Creek real estate market had 7 homes for sale in March 2024, the same as February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 11
0.0%
3 44
0.0%
4 22
0.0%
5+ 00
0.0%

Summary: The Deer Creek 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

0 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 Deer Creek, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Deer Creek in March 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Deer Creek, TN

How long does it take to sell a home in Deer Creek, TN?

Average Sale Time

Mar 2023Mar 2024CHANGE
32 Days1 Day-96.9%

Summary: Homes in Deer Creek had an average of 1 days on market in Mar 2024, down by 96.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Deer Creek are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 1 homes were sold in Deer Creek; 100% of homes were sold within 30 days, 0% 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 28 Days Ago

Newest Listings in Deer Creek, TN

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