Is Riceville, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Riceville was a Seller's Market.
Housing Prices in Riceville, TN
How much do homes in Riceville, TN cost?
Median Sold Price
$279,875
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Riceville was $279,875 in March 2024, down 8.8% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $180K | $57.5K | -68.1% |
3 Bedrooms | $308.9K | $263.5K | -14.7% |
4 Bedrooms | $253.5K | $475K | +87.4% |
5+ Bedrooms | $402.2K | $462.5K | +15.0% |
Summary: Riceville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 68.1%, 3 bedroom homes decreased by 14.7%, 4 bedroom homes increased by 87.4%, and 5+ bedroom homes increased by 15%.
Housing Supply in Riceville, TN
How many homes are available in Riceville, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 12 | 0.0% |
Summary: The Riceville real estate market had 12 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 5 | 7 | +40.0% |
4 Bedrooms | 5 | 3 | -40.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Riceville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 40%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
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 Riceville in March 2024, the same as the previous 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 Riceville, TN
How long does it take to sell a home in Riceville, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
36 Days | 6 Days | -83.6% |
Summary: Homes in Riceville had an average of 6 days on market in Mar 2024, down by 83.6% compared to last year.
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
Summary: During March 2024, 2 homes were sold in Riceville; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.