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 May 2021

Since last year, 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.

How much do homes in Millington, TN cost?

Median Sold Price

$215,000

-

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$42,050(+24.3%)

Key Takeaway

Homes in Millington have sold for 24.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 $52K-
N/A
2 $80K$100K
+25.0%
3 $168.5K$199K
+18.1%
4 $247.7K$265K
+7.0%
5+ $279.9K$389K
+39.0%

Median Sold Price Compared To Nearby Cities

Millington
+24.3%
Bartlett
+19.2%
Drummonds
+15.8%

How many homes are available in Millington, TN?

Number of Homes For Sale

Apr 2022May 2022%
1824+33.3%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 00
0.0%
2 31
-66.7%
3 812
+50.0%
4 710
+42.9%
5+ 01
+100.0%

Number of Homes Sold

Apr 2022May 2022%
75-28.6%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was 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. 80% of homes here sold below asking price last month.

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

About Millington, TN

Millington, TN has 24 homes for sale to choose from. The number of homes for sale in Millington, TN increased by 33.3% between April 2022 and May 2022. Listing prices have changed in this real estate market between April 2022 and May 2022: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties increased by 25%, 3 bedrooms properties became 18.1% more expensive, 4 bedrooms properties became 7% more expensive, the cost of 5 bedrooms properties went up by 39%. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes have not changed, volume of 2 bedrooms homes went down by 66.7%, 3 bedrooms homes became 50% more available, the quantity of 4 bedrooms homes went up by 42.9%, number of 5 bedrooms homes increased by 100%. Over 1 listings were sold over their listed price in May 2022 in Millington, TN. In the same period over 4 listings were sold below the listed price and 0 listings were sold for the listed price.

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