Is Marshall 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, Marshall County has remained a Seller's Market.
Key Takeaway
Marshall County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marshall County, TN
How much do homes in Marshall County, TN cost?
Median Sold Price
$329,652
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Marshall County have sold for 2% more than they did a year ago.
Summary: The median home sold price in Marshall County was $329,652 in March 2024, up 2% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $110K | -38.9% |
| 2 Bedrooms | $186.7K | $197.4K | +5.7% |
| 3 Bedrooms | $319.8K | $315.4K | -1.4% |
| 4 Bedrooms | $364.5K | $362.3K | -0.6% |
| 5+ Bedrooms | $426.4K | $400.5K | -6.1% |
Summary: Marshall County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.9%, 2 bedroom homes increased by 5.7%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes decreased by 6.1%.
Median Sold Price Compared To Nearby Counties
| Lincoln County | $234.2K | $248.2K | +6.0% |
| Giles County | $251.6K | $260K | +3.3% |
| Bedford County | $304.9K | $312.2K | +2.4% |
| Marshall County | $323.2K | $329.6K | +2.0% |
| Maury County | $429.8K | $420K | -2.3% |
Housing Supply in Marshall County, TN
How many homes are available in Marshall County, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 186 | 205 | +10.2% |
Summary: The Marshall County real estate market had 205 homes for sale in March 2024, a 10.2% 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 | 15 | 19 | +26.7% |
| 3 Bedrooms | 136 | 143 | +5.1% |
| 4 Bedrooms | 28 | 35 | +25.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Marshall 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 increased by 26.7%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 31 | 36 | +16.1% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marshall County, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in Marshall County in March 2024, up by 16.1% month-over-month. Of the 36 sold homes, 44% were sold under asking, 42% were sold at asking, and 14% were sold over asking.
Days on Market for Marshall County, TN
How long does it take to sell a home in Marshall County, TN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 41 Days | 67 Days | +65.5% |
Summary: Homes in Marshall County had an average of 67 days on market in Mar 2024, up by 65.5% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Marshall County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 36 homes were sold in Marshall County; 33% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 42% 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.