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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Greeneville is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Greeneville has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Greeneville, TN

How much do homes in Greeneville, TN cost?

Median Sold Price

$263,583

$154/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$23,297(+9.7%)

Key Takeaway

Homes in Greeneville have sold for 9.7% more than they did a year ago.

Summary: The median home sold price in Greeneville was $263,583 in March 2024, up 9.7% from last year, and the median price per square foot was $154.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $175K$120K
-31.4%
2 $158.9K$184K
+15.8%
3 $241K$270K
+12.0%
4 $320K$299.9K
-6.3%
5+ $525K$380K
-27.6%

Summary: Greeneville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.4%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 12%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 27.6%.

Median Sold Price Compared To Nearby Cities

Afton
+20.5%
Mosheim
+15.4%
Greeneville
+9.7%
Chuckey
+8.7%

Housing Supply in Greeneville, TN

How many homes are available in Greeneville, TN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
203212+4.4%

Summary: The Greeneville real estate market had 212 homes for sale in March 2024, a 4.4% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 66
0.0%
2 2125
+19.0%
3 136128
-5.9%
4 3041
+36.7%
5+ 1012
+20.0%

Summary: The Greeneville 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 19%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 36.7%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
4345+4.7%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Greeneville, you may be able to get a good deal. 48.9% of homes here sold below asking price last month.

Summary: A total of 45 homes were sold or pending in Greeneville in March 2024, up by 4.7% month-over-month. Of the 45 sold homes, 49% were sold under asking, 24% were sold at asking, and 27% were sold over asking.

Days on Market for Greeneville, TN

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

Average Sale Time

Mar 2023Mar 2024CHANGE
86 Days104 Days+20.9%

Summary: Homes in Greeneville had an average of 104 days on market in Mar 2024, up by 20.9% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

23 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Greeneville are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 45 homes were sold in Greeneville; 9% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 51% 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 24 Days Ago

Newest Listings in Greeneville, TN

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