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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Harriman is a neutral's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

Harriman 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 Harriman, TN

How much do homes in Harriman, TN cost?

Median Sold Price

$249,000

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$57,000(+29.7%)

Key Takeaway

Homes in Harriman have sold for 29.7% more than they did a year ago.

Summary: The median home sold price in Harriman was $249,000 in September 2024, up 29.7% from last year, and the median price per square foot was $159.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $47.5K$58K
+22.1%
2 $139K$169.5K
+21.9%
3 $205K$259.9K
+26.8%
4 $310K$315K
+1.6%
5+ $525K$324K
-38.3%

Summary: Harriman housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.1%, 2 bedroom homes increased by 21.9%, 3 bedroom homes increased by 26.8%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes decreased by 38.3%.

Median Sold Price Compared To Nearby Cities

Harriman
+29.7%
Rockwood
+2.2%

Housing Supply in Harriman, TN

How many homes are available in Harriman, TN?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
8883-5.7%

Summary: The Harriman real estate market had 83 homes for sale in September 2024, a 5.7% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 22
0.0%
2 1918
-5.3%
3 5150
-2.0%
4 1310
-23.1%
5+ 33
0.0%

Summary: The Harriman 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 decreased by 5.3%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2013-35.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Harriman, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Harriman in September 2024, down by 35.0% month-over-month. Of the 12 sold homes, 67% were sold under asking, 25% were sold at asking, and 8% were sold over asking.

Days on Market for Harriman, TN

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

Average Sale Time

Sep 2023Sep 2024CHANGE
24 Days45 Days+85.1%

Summary: Homes in Harriman had an average of 45 days on market in Sep 2024, up by 85.1% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 13 homes were sold in Harriman; 62% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 15% 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

Newest Listings in Harriman, TN

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