Is Sumner County, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sumner County is a neutral's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Sumner County was a Seller's Market.

Key Takeaway

Sumner County 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 Sumner County, TN

How much do homes in Sumner County, TN cost?

Median Sold Price

$435,055

$221/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$6,592(+1.5%)

Key Takeaway

Homes in Sumner County have sold for 1.5% more than they did a year ago.

Summary: The median home sold price in Sumner County was $435,055 in February 2024, up 1.5% from last year, and the median price per square foot was $221.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $189.9K$320K
+68.5%
2 $339.7K$368.3K
+8.4%
3 $386.4K$389.3K
+0.8%
4 $579.7K$600.6K
+3.6%
5+ $789.9K$749.9K
-5.1%

Summary: Sumner County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 68.5%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 5.1%.

Median Sold Price Compared To Nearby Counties

Wilson County
+3.0%
Robertson County
+2.0%
Sumner County
+1.5%
Davidson County
-0.9%

Housing Supply in Sumner County, TN

How many homes are available in Sumner County, TN?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
757842+11.2%

Summary: The Sumner County real estate market had 842 homes for sale in February 2024, a 11.2% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 01
+100.0%
2 6770
+4.5%
3 440477
+8.4%
4 208251
+20.7%
5+ 4243
+2.4%

Summary: The Sumner County 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 4.5%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 20.7%, and 5+ bedroom homes increased by 2.4%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
147137-6.8%

Asking Price vs. Sold Price

63 Homes Were Sold
Under Asking

49 Homes Were Sold
At Asking

24 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sumner County, you may be able to get a good deal. 46.3% of homes here sold below asking price last month.

Summary: A total of 137 homes were sold or pending in Sumner County in February 2024, down by 6.8% month-over-month. Of the 136 sold homes, 46% were sold under asking, 36% were sold at asking, and 18% were sold over asking.

Days on Market for Sumner County, TN

How long does it take to sell a home in Sumner County, TN?

Average Sale Time

Feb 2023Feb 2024CHANGE
36 Days38 Days+3.5%

Summary: Homes in Sumner County had an average of 38 days on market in Feb 2024, up by 3.5% compared to last year.

Breakdown of Home Sale Times

81 Homes Were Sold
Under 30 Days

40 Homes Were Sold
In 30 - 90 Days

16 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 137 homes were sold in Sumner County; 59% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 12% 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 18 Days Ago

Newest Listings in Sumner County, TN

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