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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pegram is a neutral's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Pegram was a Buyer's Market.

Key Takeaway

Pegram is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

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

+$16,500(+3.8%)

Key Takeaway

Homes in Pegram have sold for 3.8% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $365K$320K
-12.3%
3 $451.2K$450K
-0.3%
4 $399K$445K
+11.5%
5+ -$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
+3.8%
Nashville
0.1%
Kingston Springs
-5.7%

Housing Supply in Pegram, TN

How many homes are available in Pegram, TN?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
914+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

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 35
+66.7%
3 35
+66.7%
4 34
+33.3%
5+ 00
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 2024Feb 2024CHANGE
12+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pegram, you may be able to get a good deal. 50% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
40 Days36 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Pegram are selling fast, if you're buying plan to act quickly.

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.

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

Report Updated 28 Days Ago

Newest Listings in Pegram, TN

Nearby Markets to Pegram, TN

What housing markets are near Pegram, TN?