Is Hohenwald, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Hohenwald was a Seller's Market.
Key Takeaway
Hohenwald is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hohenwald, TN
How much do homes in Hohenwald, TN cost?
Median Sold Price
$250,000
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Hohenwald have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Hohenwald was $250,000 in April 2024, up 4.2% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $96.2K | $215K | +123.4% |
| 2 Bedrooms | $110K | $147.7K | +34.3% |
| 3 Bedrooms | $215.5K | $260K | +20.6% |
| 4 Bedrooms | $299K | $284.5K | -4.8% |
| 5+ Bedrooms | $475K | $209.5K | -55.9% |
Summary: Hohenwald housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 123.4%, 2 bedroom homes increased by 34.3%, 3 bedroom homes increased by 20.6%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes decreased by 55.9%.
Housing Supply in Hohenwald, TN
How many homes are available in Hohenwald, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 54 | 56 | +3.7% |
Summary: The Hohenwald real estate market had 56 homes for sale in April 2024, a 3.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 32 | 33 | +3.1% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Hohenwald housing inventory by bedroom type for April 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 3.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 5 | -58.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hohenwald, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Hohenwald in April 2024, down by 58.3% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Hohenwald, TN
How long does it take to sell a home in Hohenwald, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 38 Days | 50 Days | +30.2% |
Summary: Homes in Hohenwald had an average of 50 days on market in Apr 2024, up by 30.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Hohenwald has remained consistent over time.
Summary: During April 2024, 5 homes were sold in Hohenwald; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.