Is Monteagle, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Monteagle was a Seller's Market.
Key Takeaway
Monteagle is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Monteagle, TN
How much do homes in Monteagle, TN cost?
Median Sold Price
$499,990
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Monteagle have sold for 26.6% more than they did a year ago.
Summary: The median home sold price in Monteagle was $499,990 in March 2024, up 26.6% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $357.5K | - | N/A |
| 2 Bedrooms | $225K | $215K | -4.4% |
| 3 Bedrooms | $395K | $352.5K | -10.8% |
| 4 Bedrooms | $561.3K | $529.9K | -5.6% |
| 5+ Bedrooms | - | $605.6K | N/A |
Summary: Monteagle housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.4%, 3 bedroom homes decreased by 10.8%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Monteagle | $395K | $499.9K | +26.6% |
| Monteagle | $419.9K | $511.4K | +21.8% |
Housing Supply in Monteagle, TN
How many homes are available in Monteagle, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 40 | 39 | -2.5% |
Summary: The Monteagle real estate market had 39 homes for sale in March 2024, a 2.5% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 16 | 15 | -6.3% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Monteagle housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 4 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monteagle, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Monteagle in March 2024, down by 50.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Monteagle, TN
How long does it take to sell a home in Monteagle, TN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 2 Days | 67 Days | +2502.6% |
Summary: Homes in Monteagle had an average of 67 days on market in Mar 2024, up by 2502.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Monteagle are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in Monteagle; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.