Is Millington, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Millington was a Seller's Market.
Key Takeaway
Millington is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Millington, TN
How much do homes in Millington, TN cost?
Median Sold Price
$244,000
-
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Millington have sold for 14.1% less than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $245K | $183K | -25.3% |
| 4 Bedrooms | $309.9K | $229.5K | -26.0% |
| 5+ Bedrooms | - | $464K | N/A |
Summary: Millington housing prices by bedroom type for March 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 decreased by 25.3%, 4 bedroom homes decreased by 26%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Millington | $283.9K | $244K | -14.1% |
| Drummonds | $317K | $156K | -50.8% |
Housing Supply in Millington, TN
How many homes are available in Millington, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 112 | 124 | +10.7% |
Summary: The Millington real estate market had 124 homes for sale in March 2024, a 10.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 57 | 67 | +17.5% |
| 4 Bedrooms | 40 | 40 | 0.0% |
| 5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The Millington 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 remained the same, 3 bedroom homes increased by 17.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 14 | -33.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Millington, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Millington in March 2024, down by 33.3% month-over-month. Of the 13 sold homes, 62% were sold under asking, 15% were sold at asking, and 23% were sold over asking.
Days on Market for Millington, TN
We’re sorry, we don't have information for this market at the moment
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
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