Is Meigs County, TN a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Meigs County is a seller's market


Difference Since August 2022

Since last year, Meigs County has remained a Seller's Market.

Key Takeaway

Meigs County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices

How much do homes in Meigs County, TN cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since August 2022


Key Takeaway

Homes in Meigs County have sold for 13.1% less than they did a year ago.

Summary: The median home sold price in Meigs County was $304,000 in August 2023, down 13.1% from last year, and the median price per square foot was $168.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 $204.9K$185K
2 $210K$165K
3 $341.1K$309K
4 $582.4K$380.5K
5+ $705K$782.4K

Summary: Meigs County housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 9.7%, 2 bedroom homes decreased by 21.4%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes decreased by 34.7%, and 5+ bedroom homes increased by 11%.

Median Sold Price Compared To Nearby Counties

Rhea County
Bradley County
Hamilton County
McMinn County
Meigs County

Housing Supply

How many homes are available in Meigs County, TN?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE

Summary: The Meigs County real estate market had 80 homes for sale in August 2023, a 5.3% increase compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 11
2 910
3 4248
4 2216
5+ 25

Summary: The Meigs County housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes increased by 150%.

Number of Homes Sold

Jul 2023Aug 2023CHANGE

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Meigs County, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Meigs County in August 2023, down by 11.1% month-over-month. Of the 16 sold homes, 56% were sold under asking, 25% were sold at asking, and 19% were sold over asking.

Days on Market

How long does it take to sell a home in Meigs County, TN?

Average Sale Time

Aug 2022Aug 2023CHANGE
24 Days200 Days+715.0%

Summary: Homes in Meigs County had an average of 200 days on market in Aug 2023, up by 715% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Meigs County are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During August 2023, 16 homes were sold in Meigs County; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

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Nearby Markets

What housing markets are near Meigs County, TN?