Is Monteagle, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Monteagle was a Buyer's Market.
Housing Prices in Monteagle, TN
How much do homes in Monteagle, TN cost?
Median Sold Price
$514,545
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Monteagle was $514,545 in February 2024, up 26% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $359.9K | - | N/A |
2 Bedrooms | $295.8K | $315.2K | +6.6% |
3 Bedrooms | $419.9K | $355K | -15.5% |
4 Bedrooms | $550K | $529.9K | -3.6% |
5+ Bedrooms | - | $605.6K | N/A |
Summary: Monteagle housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.6%, 3 bedroom homes decreased by 15.5%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes did not change.
Housing Supply in Monteagle, TN
How many homes are available in Monteagle, TN?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
37 | 35 | -5.4% |
Summary: The Monteagle real estate market had 35 homes for sale in February 2024, a 5.4% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 10 | 14 | +40.0% |
4 Bedrooms | 16 | 11 | -31.3% |
5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Monteagle housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 40%, 4 bedroom homes decreased by 31.3%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
5 | 7 | +40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Monteagle in February 2024, up by 40.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.
Days on Market for Monteagle, TN
How long does it take to sell a home in Monteagle, TN?
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 7 homes were sold in Monteagle; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.