Is Petersburg, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Petersburg has remained a Buyer's Market.
Housing Prices in Petersburg, TN
How much do homes in Petersburg, TN cost?
Median Sold Price
$310,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Petersburg was $310,000 in February 2024, up 47.6% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $200K | $360K | +80.0% |
2 Bedrooms | $178.5K | $154.5K | -13.4% |
3 Bedrooms | $252.4K | $290K | +14.9% |
4 Bedrooms | $531.5K | $576.4K | +8.4% |
5+ Bedrooms | - | - | N/A |
Summary: Petersburg housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 80%, 2 bedroom homes decreased by 13.4%, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes did not change.
Housing Supply in Petersburg, TN
How many homes are available in Petersburg, TN?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
14 | 16 | +14.3% |
Summary: The Petersburg real estate market had 16 homes for sale in February 2024, a 14.3% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 10 | 10 | 0.0% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Petersburg housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, 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 Petersburg 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 Petersburg, TN
How long does it take to sell a home in Petersburg, TN?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 2 homes were sold in Petersburg; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.