Is Fentress County, 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, Fentress County was a Seller's Market.
Housing Prices in Fentress County, TN
How much do homes in Fentress County, TN cost?
Median Sold Price
$246,900
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Fentress County was $246,900 in March 2024, up 2.9% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $158K | $164K | +3.8% |
2 Bedrooms | $152.5K | $185K | +21.3% |
3 Bedrooms | $262.5K | $265K | +1.0% |
4 Bedrooms | $279.5K | $235.7K | -15.7% |
5+ Bedrooms | $337.5K | $237K | -29.8% |
Summary: Fentress County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.8%, 2 bedroom homes increased by 21.3%, 3 bedroom homes increased by 1%, 4 bedroom homes decreased by 15.7%, and 5+ bedroom homes decreased by 29.8%.
Median Sold Price Compared To Nearby Counties
Morgan County | $200K | $240K | +20.0% |
Scott County | $187.5K | $215K | +14.7% |
Cumberland County | $300K | $318.1K | +6.1% |
Fentress County | $239.9K | $246.9K | +2.9% |
Housing Supply in Fentress County, TN
How many homes are available in Fentress County, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
209 | 219 | +4.8% |
Summary: The Fentress County real estate market had 219 homes for sale in March 2024, a 4.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 9 | -10.0% |
2 Bedrooms | 29 | 35 | +20.7% |
3 Bedrooms | 141 | 145 | +2.8% |
4 Bedrooms | 25 | 25 | 0.0% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Fentress County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes increased by 20.7%, 3 bedroom homes increased by 2.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
23 | 20 | -13.0% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Fentress County in March 2024, down by 13.0% month-over-month. Of the 20 sold homes, 90% were sold under asking, 10% were sold at asking, and 0% were sold over asking.
Days on Market for Fentress County, TN
How long does it take to sell a home in Fentress County, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
85 Days | 108 Days | +26.8% |
Summary: Homes in Fentress County had an average of 108 days on market in Mar 2024, up by 26.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During March 2024, 20 homes were sold in Fentress County; 30% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.