Is Humphreys 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, Humphreys County was a Seller's Market.
Key Takeaway
Humphreys County 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 Humphreys County, TN
How much do homes in Humphreys County, TN cost?
Median Sold Price
$243,775
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Humphreys County have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Humphreys County was $243,775 in March 2024, up 7.3% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $138.7K | $163K | +17.5% |
| 2 Bedrooms | $165K | $166.2K | +0.8% |
| 3 Bedrooms | $228.7K | $257K | +12.3% |
| 4 Bedrooms | $297K | $250K | -15.8% |
| 5+ Bedrooms | $1.5M | $470K | -70.3% |
Summary: Humphreys County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.5%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 12.3%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes decreased by 70.3%.
Median Sold Price Compared To Nearby Counties
| Humphreys County | $227.2K | $243.7K | +7.3% |
| Dickson County | $343.6K | $354.9K | +3.3% |
| Hickman County | $315K | $299.9K | -4.8% |
| Houston County | $248.7K | $231.4K | -6.9% |
| Benton County | $245K | $225K | -8.2% |
Housing Supply in Humphreys County, TN
How many homes are available in Humphreys County, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 65 | 64 | -1.5% |
Summary: The Humphreys County real estate market had 64 homes for sale in March 2024, a 1.5% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 8 | 6 | -25.0% |
| 3 Bedrooms | 42 | 41 | -2.4% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Humphreys County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Humphreys County, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Humphreys County in March 2024, down by 9.1% month-over-month. Of the 10 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Humphreys County, TN
How long does it take to sell a home in Humphreys County, TN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 65 Days | 60 Days | -7.6% |
Summary: Homes in Humphreys County had an average of 60 days on market in Mar 2024, down by 7.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Humphreys County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 10 homes were sold in Humphreys County; 50% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 30% 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.