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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Greenback is a seller's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Greenback was a Buyer's Market.

Key Takeaway

Greenback is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Greenback, TN

How much do homes in Greenback, TN cost?

Median Sold Price

$423,000

$219/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$13,000(+3.2%)

Key Takeaway

Homes in Greenback have sold for 3.2% more than they did a year ago.

Summary: The median home sold price in Greenback was $423,000 in September 2024, up 3.2% from last year, and the median price per square foot was $219.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $155K-
N/A
2 $485K$239.9K
-50.5%
3 $390.9K$423K
+8.2%
4 $675K$770K
+14.1%
5+ $375K-
N/A

Summary: Greenback housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 50.5%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes did not change.

Housing Supply in Greenback, TN

How many homes are available in Greenback, TN?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2026+30.0%

Summary: The Greenback real estate market had 26 homes for sale in September 2024, a 30.0% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 46
+50.0%
3 1315
+15.4%
4 34
+33.3%
5+ 01
+100.0%

Summary: The Greenback housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
45+25.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Greenback, 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 Greenback in September 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.

Days on Market for Greenback, TN

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

Average Sale Time

Sep 2023Sep 2024CHANGE
22 Days11 Days-48.2%

Summary: Homes in Greenback had an average of 11 days on market in Sep 2024, down by 48.2% compared to last year.

Breakdown of Home Sale Times

5 Homes Were 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 Greenback are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 5 homes were sold in Greenback; 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 30 Days Ago

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