Is Ripley, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Ripley has remained a Seller's Market.
Housing Prices in Ripley, TN
How much do homes in Ripley, TN cost?
Median Sold Price
$147,500
-
Based on all homes sold in March 2024.
Difference Since Last Month
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $30K | $71.5K | +138.3% |
3 Bedrooms | $150K | $268K | +78.7% |
4 Bedrooms | - | $130K | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Ripley housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 138.3%, 3 bedroom homes increased by 78.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Ripley, TN
How many homes are available in Ripley, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
46 | 47 | +2.2% |
Summary: The Ripley real estate market had 47 homes for sale in March 2024, a 2.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 27 | 27 | 0.0% |
4 Bedrooms | 9 | 10 | +11.1% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Ripley 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 remained the same, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 10 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Ripley in March 2024, the same as the previous month. Of the 10 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Ripley, TN
We’re sorry, we don't have information for this market at the moment