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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kelso is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Kelso was a Seller's Market.

Key Takeaway

Kelso 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 Kelso, TN

How much do homes in Kelso, TN cost?

Median Sold Price

$185,000

$154/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

-$48,000(-20.6%)

Key Takeaway

Homes in Kelso have sold for 20.6% less than they did a month ago.

Summary: The median home sold price in Kelso was $185,000 in September 2024, down 20.6% from last month, and the median price per square foot was $154.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 $150K-
N/A
3 $233K$185K
-20.6%
4 $459.9K-
N/A
5+ --
N/A

Summary: Kelso housing prices by bedroom type for September 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 decreased by 20.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Flintville
-4.5%
Kelso
-20.6%

Housing Supply in Kelso, TN

How many homes are available in Kelso, TN?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
86-25.0%

Summary: The Kelso real estate market had 6 homes for sale in September 2024, a 25.0% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 55
0.0%
4 21
-50.0%
5+ 00
0.0%

Summary: The Kelso 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 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kelso, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Kelso in September 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Kelso, TN

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

Average Sale Time

Aug 2024Sep 2024CHANGE
15 Days2 Days-86.7%

Summary: Homes in Kelso had an average of 2 days on market in Sep 2024, down by 86.7% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 1 homes were sold in Kelso; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 Sep 1, 2024

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