Is McNairy County, 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, McNairy County was a Buyer's Market.
Housing Prices in McNairy County, TN
How much do homes in McNairy County, TN cost?
Median Sold Price
$175,000
$112/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in McNairy County was $175,000 in March 2024, down 17.1% from last year, and the median price per square foot was $112.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $58.5K | N/A |
2 Bedrooms | $73.5K | $127K | +72.8% |
3 Bedrooms | $210.5K | $187.4K | -10.9% |
4 Bedrooms | $300K | $274K | -8.7% |
5+ Bedrooms | $272.4K | $252K | -7.5% |
Summary: McNairy County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 72.8%, 3 bedroom homes decreased by 10.9%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes decreased by 7.5%.
Housing Supply in McNairy County, TN
How many homes are available in McNairy County, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
101 | 123 | +21.8% |
Summary: The McNairy County real estate market had 123 homes for sale in March 2024, a 21.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 6 | 0.0% |
2 Bedrooms | 12 | 16 | +33.3% |
3 Bedrooms | 56 | 68 | +21.4% |
4 Bedrooms | 19 | 24 | +26.3% |
5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The McNairy 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 33.3%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 26.3%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 19 | +90.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in McNairy County in March 2024, up by 90.0% month-over-month. Of the 19 sold homes, 58% were sold under asking, 16% were sold at asking, and 26% were sold over asking.
Days on Market for McNairy County, TN
How long does it take to sell a home in McNairy County, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
67 Days | 9 Days | -86.7% |
Summary: Homes in McNairy County had an average of 9 days on market in Mar 2024, down by 86.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 19 homes were sold in McNairy County; 5% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.