Is Drummonds, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Drummonds has remained a Seller's Market.
Key Takeaway
Drummonds is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Drummonds, TN
How much do homes in Drummonds, TN cost?
Median Sold Price
$156,000
-
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Drummonds have sold for 50.8% less than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $260K | $265K | +1.9% |
| 4 Bedrooms | $317K | $101.9K | -67.8% |
| 5+ Bedrooms | $595K | - | N/A |
Summary: Drummonds housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 67.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Atoka | $375K | $342K | -8.8% |
| Drummonds | $317K | $156K | -50.8% |
Housing Supply in Drummonds, TN
How many homes are available in Drummonds, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 20 | +33.3% |
Summary: The Drummonds real estate market had 20 homes for sale in March 2024, a 33.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 8 | 11 | +37.5% |
| 4 Bedrooms | 6 | 9 | +50.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Drummonds 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 increased by 37.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Drummonds, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Drummonds in March 2024, down by 16.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Drummonds, TN
We’re sorry, we don't have information for this market at the moment
