Is Mooresburg, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mooresburg is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Mooresburg was a Seller's Market.

Key Takeaway

Mooresburg is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Mooresburg, TN

How much do homes in Mooresburg, TN cost?

Median Sold Price

$250,000

$153/sqft

Based on all homes sold in November 2023.

Difference Since Last Month

-$185,000(-42.5%)

Key Takeaway

Homes in Mooresburg have sold for 42.5% less than they did a month ago.

Summary: The median home sold price in Mooresburg was $250,000 in November 2023, down 42.5% from last month, and the median price per square foot was $153.

Median Sold Price By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 --
N/A
2 $145K$250K
+72.4%
3 $435K-
N/A
4 --
N/A
5+ --
N/A

Summary: Mooresburg housing prices by bedroom type for November 2023 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 72.4%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Mooresburg, TN

How many homes are available in Mooresburg, TN?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE
1410-28.6%

Summary: The Mooresburg real estate market had 10 homes for sale in November 2023, a 28.6% decrease compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 00
0.0%
2 54
-20.0%
3 75
-28.6%
4 21
-50.0%
5+ 00
0.0%

Summary: The Mooresburg housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2023Nov 2023CHANGE
41-75.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mooresburg, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Mooresburg in November 2023, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

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

Report Updated 1 Day Ago

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