Is Macon County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Macon County has remained a Seller's Market.
Key Takeaway
Macon County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Macon County, TN
How much do homes in Macon County, TN cost?
Median Sold Price
$259,000
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in Macon County has remained the same since last year.
Summary: The median home sold price in Macon County was $259,000 in March 2024, down 0.3% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | $152.5K | +103.3% |
| 2 Bedrooms | $145K | $170K | +17.2% |
| 3 Bedrooms | $271K | $262K | -3.3% |
| 4 Bedrooms | $249.9K | $389.9K | +56.0% |
| 5+ Bedrooms | $289.9K | $348.5K | +20.2% |
Summary: Macon County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 103.3%, 2 bedroom homes increased by 17.2%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 56%, and 5+ bedroom homes increased by 20.2%.
Median Sold Price Compared To Nearby Counties
| Jackson County | $192K | $255K | +32.8% |
| Smith County | $291.9K | $300K | +2.8% |
| Macon County | $259.9K | $259K | -0.3% |
Housing Supply in Macon County, TN
How many homes are available in Macon County, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 81 | 98 | +21.0% |
Summary: The Macon County real estate market had 98 homes for sale in March 2024, a 21.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 10 | -9.1% |
| 3 Bedrooms | 57 | 74 | +29.8% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Macon 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 9.1%, 3 bedroom homes increased by 29.8%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 20 | +42.9% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Macon County, you may be able to get a good deal. 78.9% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Macon County in March 2024, up by 42.9% month-over-month. Of the 19 sold homes, 79% were sold under asking, 11% were sold at asking, and 11% were sold over asking.
Days on Market for Macon County, TN
How long does it take to sell a home in Macon County, TN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 70 Days | 52 Days | -25.4% |
Summary: Homes in Macon County had an average of 52 days on market in Mar 2024, down by 25.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Macon County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 20 homes were sold in Macon County; 45% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
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