Is Limestone, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Limestone was a Neutral Market.
Key Takeaway
Limestone is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Limestone, TN
How much do homes in Limestone, TN cost?
Median Sold Price
$305,000
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Limestone have sold for 29.8% more than they did a year ago.
Summary: The median home sold price in Limestone was $305,000 in April 2024, up 29.8% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $31.5K | $445K | +1312.7% |
| 2 Bedrooms | $150K | $237.5K | +58.3% |
| 3 Bedrooms | $260.5K | $315K | +20.9% |
| 4 Bedrooms | $342.5K | $300.7K | -12.2% |
| 5+ Bedrooms | - | $705K | N/A |
Summary: Limestone housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1312.7%, 2 bedroom homes increased by 58.3%, 3 bedroom homes increased by 20.9%, 4 bedroom homes decreased by 12.2%, and 5+ bedroom homes did not change.
Housing Supply in Limestone, TN
How many homes are available in Limestone, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 23 | 19 | -17.4% |
Summary: The Limestone real estate market had 19 homes for sale in April 2024, a 17.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 12 | 10 | -16.7% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Limestone housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Limestone, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Limestone in April 2024, up by 75.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.
Days on Market for Limestone, TN
How long does it take to sell a home in Limestone, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 206 Days | 100 Days | -51.5% |
Summary: Homes in Limestone had an average of 100 days on market in Apr 2024, down by 51.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Limestone has remained consistent over time.
Summary: During April 2024, 7 homes were sold in Limestone; 0% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.