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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lascassas is a seller's market

Buyer's
Market

Difference Since August 2022

Since last year, Lascassas has remained a Seller's Market.

Key Takeaway

Lascassas is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices

How much do homes in Lascassas, TN cost?

Median Sold Price

$554,999

$214/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2022

+$80,849(+17.1%)

Key Takeaway

Homes in Lascassas have sold for 17.1% more than they did a year ago.

Summary: The median home sold price in Lascassas was $554,999 in August 2023, up 17.1% from last year, and the median price per square foot was $214.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 --
N/A
2 $420K$1.6M
+285.7%
3 $405.5K$401.6K
-1.0%
4 $520K$592.4K
+13.9%
5+ $475K$582.4K
+22.6%

Summary: Lascassas housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 285.7%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes increased by 22.6%.

Median Sold Price Compared To Nearby Cities

Lascassas
+17.1%
Milton
-2.8%

Housing Supply

How many homes are available in Lascassas, TN?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE
3437+8.8%

Summary: The Lascassas real estate market had 37 homes for sale in August 2023, a 8.8% increase compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 00
0.0%
2 00
0.0%
3 912
+33.3%
4 2222
0.0%
5+ 33
0.0%

Summary: The Lascassas housing inventory by bedroom type for August 2023 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 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2023Aug 2023CHANGE
78+14.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lascassas, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Lascassas in August 2023, up by 14.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.

Days on Market

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

Average Sale Time

Aug 2022Aug 2023CHANGE
9 Days9 Days+2.2%

Summary: Homes in Lascassas had an average of 9 days on market in Aug 2023, up by 2.2% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During August 2023, 8 homes were sold in Lascassas; 88% of homes were sold within 30 days, 13% 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 26 Days Ago

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