Is Strawberry Plains, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Strawberry Plains is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Strawberry Plains was a Seller's Market.

Key Takeaway

Strawberry Plains is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Strawberry Plains, TN

How much do homes in Strawberry Plains, TN cost?

Median Sold Price

$405,000

$188/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$95,000(+30.6%)

Key Takeaway

Homes in Strawberry Plains have sold for 30.6% more than they did a year ago.

Summary: The median home sold price in Strawberry Plains was $405,000 in September 2024, up 30.6% from last year, and the median price per square foot was $188.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $128.1K$75K
-41.5%
2 $175K$289.9K
+65.7%
3 $260K$396.5K
+52.5%
4 $422K$449K
+6.4%
5+ $447K$459.9K
+2.9%

Summary: Strawberry Plains housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.5%, 2 bedroom homes increased by 65.7%, 3 bedroom homes increased by 52.5%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 2.9%.

Median Sold Price Compared To Nearby Cities

Strawberry Plains
+30.6%
Kodak
+10.1%
Knoxville
+7.1%

Housing Supply in Strawberry Plains, TN

How many homes are available in Strawberry Plains, TN?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
3537+5.7%

Summary: The Strawberry Plains real estate market had 37 homes for sale in September 2024, a 5.7% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 66
0.0%
3 1820
+11.1%
4 1110
-9.1%
5+ 01
+100.0%

Summary: The Strawberry Plains housing inventory by bedroom type for September 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 11.1%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
95-44.4%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Strawberry Plains, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Strawberry Plains in September 2024, down by 44.4% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.

Days on Market for Strawberry Plains, TN

How long does it take to sell a home in Strawberry Plains, TN?

Average Sale Time

Sep 2023Sep 2024CHANGE
8 Days65 Days+676.1%

Summary: Homes in Strawberry Plains had an average of 65 days on market in Sep 2024, up by 676.1% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 5 homes were sold in Strawberry Plains; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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 30 Days Ago

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