Is Irene, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Irene was a Seller's Market.
Key Takeaway
Irene is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Irene, TN
How much do homes in Irene, TN cost?
Median Sold Price
$302,500
-
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Irene have sold for 0.8% less than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $268.7K | $302.5K | +12.6% |
| 4 Bedrooms | $322K | $307.5K | -4.5% |
| 5+ Bedrooms | $399.9K | - | N/A |
Summary: Irene housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 12.6%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Irene | $304.9K | $302.5K | -0.8% |
| Richwood | $282.5K | $260K | -8.0% |
| Buckingham Farms | $256.9K | $212.7K | -17.2% |
Housing Supply in Irene, TN
How many homes are available in Irene, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 47 | 48 | +2.1% |
Summary: The Irene real estate market had 48 homes for sale in April 2024, a 2.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 20 | 17 | -15.0% |
| 4 Bedrooms | 15 | 18 | +20.0% |
| 5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The Irene 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 decreased by 15%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Irene, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Irene in April 2024, down by 40.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Irene, TN
We’re sorry, we don't have information for this market at the moment
