Is Monterey, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2022
Since last year, Monterey has remained a Seller's Market.
Key Takeaway
Monterey is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in Monterey, TN cost?
Median Sold Price
$492,950
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2022
+$237,950(+93.3%)
Key Takeaway
Homes in Monterey have sold for 93.3% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | May 2022 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $150K | $562.5K | +275.0% |
| 3 Bedrooms | $350K | $479.9K | +37.1% |
| 4 Bedrooms | $440K | $565K | +28.4% |
| 5+ Bedrooms | $400K | $470K | +17.5% |
How many homes are available in Monterey, TN?
Number of Homes For Sale
| Apr 2023 | May 2023 | % |
|---|---|---|
| 28 | 27 | -3.6% |
Homes For Sale By Bedroom Count
| # BEDS | Apr 2023 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 12 | 14 | +16.7% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Number of Homes Sold
| Apr 2023 | May 2023 | % |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
6 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 Monterey, you may be able to get a good deal. 75% of homes here sold below asking price last month.
How long does it take to sell a home in Monterey, TN?
How long does it take to sell a home in Monterey, TN?
Average Sale Time
| May 2022 | May 2023 | % |
|---|---|---|
| 4 Days | 6 Days | +50.0% |
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Monterey are selling fast, if you're buying plan to act quickly.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms. 
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