Is Lewisburg, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Lewisburg was a Seller's Market.
Key Takeaway
Lewisburg 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 Lewisburg, TN
How much do homes in Lewisburg, TN cost?
Median Sold Price
$275,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Lewisburg have sold for 0.7% more than they did a year ago.
Summary: The median home sold price in Lewisburg was $275,000 in March 2024, up 0.7% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $60K | $110K | +83.3% |
| 2 Bedrooms | $134.9K | $182.5K | +35.2% |
| 3 Bedrooms | $279.9K | $272.9K | -2.5% |
| 4 Bedrooms | $320K | $380K | +18.8% |
| 5+ Bedrooms | $585.9K | $340K | -42.0% |
Summary: Lewisburg housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 83.3%, 2 bedroom homes increased by 35.2%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes decreased by 42%.
Housing Supply in Lewisburg, TN
How many homes are available in Lewisburg, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 120 | 137 | +14.2% |
Summary: The Lewisburg real estate market had 137 homes for sale in March 2024, a 14.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 88 | 96 | +9.1% |
| 4 Bedrooms | 14 | 21 | +50.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Lewisburg 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 increased by 9.1%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 21 | +40.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lewisburg, you may be able to get a good deal. 52.4% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Lewisburg in March 2024, up by 40.0% month-over-month. Of the 21 sold homes, 52% were sold under asking, 38% were sold at asking, and 10% were sold over asking.
Days on Market for Lewisburg, TN
How long does it take to sell a home in Lewisburg, TN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 55 Days | 65 Days | +16.9% |
Summary: Homes in Lewisburg had an average of 65 days on market in Mar 2024, up by 16.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Lewisburg are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 21 homes were sold in Lewisburg; 33% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.