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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Meigs County is a seller's market

Buyer's
Market

Difference Since April 2021

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.

How much do homes in Meigs County, TN cost?

Median Sold Price

$309,000

$162/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2021

+$59,050(+23.6%)

Key Takeaway

Homes in Meigs County have sold for 23.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2021Apr 2022%
1 $156K$213.4K
+36.8%
2 $227.5K$205K
-9.9%
3 $245.7K$301.5K
+22.7%
4 $331.7K$398K
+20.0%
5+ $612K$387.5K
-36.7%

Median Sold Price Compared To Nearby Counties

Meigs County
+23.6%
McMinn County
+22.7%
Hamilton County
+15.0%
Bradley County
+14.5%
Rhea County
+9.3%

How many homes are available in Meigs County, TN?

Number of Homes For Sale

Mar 2022Apr 2022%
5981+37.3%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 57
+40.0%
2 1514
-6.7%
3 3351
+54.5%
4 69
+50.0%
5+ 00
0.0%

Number of Homes Sold

Mar 2022Apr 2022%
1019+90.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Meigs County, you could pay more than the asking price. 42.1% of homes here sold above asking price last month.

Average Sale Time

Apr 2021Apr 2022%
4 Days3 Days-30.8%

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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Meigs County are selling fast, if you're buying plan to act quickly.

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

About Meigs County, TN

Number of homes for sale in Meigs County, TN real estate market have reached 81. The inventory of homes for sale in Meigs County, TN between March 2022 and April 2022 increased by 37.3%. The median list price of listings available in April 2022 was $309,000, while the average time on the real estate market was 3 days. Listing prices have changed in this real estate market between March 2022 and April 2022: the cost of 1 bedroom properties went up by 36.8%, prices of 2 bedrooms properties decreased by 9.9%, 3 bedrooms properties prices increased by 22.7%, the cost of 4 bedrooms properties went up by 20%, 5 bedrooms properties became 36.7% more cheaper. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes went up by 40%, 2 bedrooms homes became 6.7% less available, volume of 3 bedrooms homes went up by 54.5%, volume of 4 bedrooms homes went up by 50%, 5 bedrooms homes did not move. In April 2022 more than 8 listings in Meigs County, TN were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 7 were sold below.

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