Is Millington, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Millington is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Millington has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Millington, TN

How much do homes in Millington, TN cost?

Median Sold Price

$265,000

-

Based on all homes sold in April 2024.

Difference Since Last Month

+$1,500(+0.6%)

Key Takeaway

Homes in Millington have sold for 0.6% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 -$305K
N/A
3 $186K$200K
+7.5%
4 $277K$315K
+13.7%
5+ $464K$360K
-22.4%

Summary: Millington housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes decreased by 22.4%.

Housing Supply in Millington, TN

How many homes are available in Millington, TN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
114124+8.8%

Summary: The Millington real estate market had 124 homes for sale in April 2024, a 8.8% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 49
+125.0%
3 6069
+15.0%
4 3634
-5.6%
5+ 1412
-14.3%

Summary: The Millington housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 125%, 3 bedroom homes increased by 15%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2136+71.4%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Millington, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 36 homes were sold or pending in Millington in April 2024, up by 71.4% month-over-month. Of the 36 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Millington, TN

We’re sorry, we don't have information for this market at the moment

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

Report Updated 25 Days Ago

Newest Listings in Millington, TN

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