Is Pegram, 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, Pegram was a Buyer's Market.
Housing Prices in Pegram, TN
How much do homes in Pegram, TN cost?
Median Sold Price
$446,500
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Pegram was $446,500 in February 2024, up 3.8% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $365K | $320K | -12.3% |
3 Bedrooms | $451.2K | $450K | -0.3% |
4 Bedrooms | $399K | $445K | +11.5% |
5+ Bedrooms | - | $530K | N/A |
Summary: Pegram 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 decreased by 12.3%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Pegram | $430K | $446.5K | +3.8% |
Nashville | $521.3K | $521.8K | 0.1% |
Kingston Springs | $482.5K | $455K | -5.7% |
Housing Supply in Pegram, TN
How many homes are available in Pegram, TN?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
9 | 14 | +55.6% |
Summary: The Pegram real estate market had 14 homes for sale in February 2024, a 55.6% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 5 | +66.7% |
3 Bedrooms | 3 | 5 | +66.7% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Pegram 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 66.7%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Pegram in February 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Pegram, TN
How long does it take to sell a home in Pegram, TN?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
40 Days | 36 Days | -10.0% |
Summary: Homes in Pegram had an average of 36 days on market in Feb 2024, down by 10% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 2 homes were sold in Pegram; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.