Is Lauderdale County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Lauderdale County has remained a Seller's Market.
Key Takeaway
Lauderdale County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lauderdale County, TN
How much do homes in Lauderdale County, TN cost?
Median Sold Price
$130,000
-
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Lauderdale County have sold for 12.5% less than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $45K | $90K | +100.0% |
| 3 Bedrooms | $180K | $268K | +48.9% |
| 4 Bedrooms | - | $130K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Lauderdale County housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 48.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
| Lauderdale County | $148.5K | $130K | -12.5% |
| Haywood County | $229K | $85K | -62.9% |
Housing Supply in Lauderdale County, TN
How many homes are available in Lauderdale County, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 59 | 64 | +8.5% |
Summary: The Lauderdale County real estate market had 64 homes for sale in March 2024, a 8.5% 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 | 9 | 8 | -11.1% |
| 3 Bedrooms | 35 | 37 | +5.7% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Lauderdale County 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 decreased by 11.1%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lauderdale County, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Lauderdale County in March 2024, down by 8.3% month-over-month. Of the 11 sold homes, 45% were sold under asking, 36% were sold at asking, and 18% were sold over asking.
Days on Market for Lauderdale County, TN
We’re sorry, we don't have information for this market at the moment
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.