Is Indian Mound, 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, Indian Mound was a Neutral Market.
Key Takeaway
Indian Mound is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Indian Mound, TN
How much do homes in Indian Mound, TN cost?
Median Sold Price
$245,000
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Indian Mound have sold for 30.5% less than they did a year ago.
Summary: The median home sold price in Indian Mound was $245,000 in March 2024, down 30.5% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | $225K | +60.7% |
| 2 Bedrooms | $166.9K | $102.5K | -38.6% |
| 3 Bedrooms | $325K | $245K | -24.6% |
| 4 Bedrooms | $387.5K | $352.5K | -9.0% |
| 5+ Bedrooms | $415K | - | N/A |
Summary: Indian Mound housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 60.7%, 2 bedroom homes decreased by 38.6%, 3 bedroom homes decreased by 24.6%, 4 bedroom homes decreased by 9%, and 5+ bedroom homes did not change.
Housing Supply in Indian Mound, TN
How many homes are available in Indian Mound, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Summary: The Indian Mound real estate market had 9 homes for sale in March 2024, a 28.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 5 | 7 | +40.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Indian Mound 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 remained the same, 3 bedroom homes increased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Indian Mound, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Indian Mound in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Indian Mound, TN
How long does it take to sell a home in Indian Mound, TN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 2 Days | 54 Days | +2625.0% |
Summary: Homes in Indian Mound had an average of 54 days on market in Mar 2024, up by 2625% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Indian Mound are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Indian Mound; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
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The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.