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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lancing is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Lancing was a Seller's Market.

Key Takeaway

Lancing is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Lancing, TN cost?

Median Sold Price

$285,000

$247/sqft

Based on all homes sold in October 2022.

Difference Since Last Month

+$103,200(+56.8%)

Key Takeaway

Homes in Lancing have sold for 56.8% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSSep 2022Oct 2022%
1 --
N/A
2 --
N/A
3 $181.8K$285K
+56.8%
4 --
N/A
5+ --
N/A

How many homes are available in Lancing, TN?

Number of Homes For Sale

Sep 2022Oct 2022%
56+20.0%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 12
+100.0%
3 43
-25.0%
4 01
+100.0%
5+ 00
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
110.0%

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 Lancing, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Lancing, TN

Number of homes for sale in Lancing, TN real estate market have reached 6. Between September 2022 and October 2022, Lancing, TN real estate market has seen increase in the number of listings by 20%. From October 2021 through October 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties became 0% more expensive, 3 bedrooms properties prices increased by 56.8%, prices of 4 bedrooms properties increased by 0%, prices of 5 bedrooms properties went up by 0%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes did not move, 2 bedrooms homes inventory increased by 100%, 3 bedrooms homes inventory decreased by 25%, volume of 4 bedrooms homes went up by 100%, volume of 5 bedrooms homes stayed the same. In October 2022, from all listings sold in Lancing, TN there were more than 0 sold above asking price, over 0 sold below and more than 1 were sold right at the asked price.

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