Is Sumner County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Sumner County was a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $189.9K | $320K | +68.5% |
2 Bedrooms | $339.7K | $368.3K | +8.4% |
3 Bedrooms | $386.4K | $389.3K | +0.8% |
4 Bedrooms | $579.7K | $600.6K | +3.6% |
5+ Bedrooms | $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 | $447.3K | $460.8K | +3.0% |
Robertson County | $380K | $387.7K | +2.0% |
Sumner County | $428.4K | $435K | +1.5% |
Davidson County | $453K | $448.9K | -0.9% |
Housing Supply in Sumner County, TN
How many homes are available in Sumner County, TN?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
757 | 842 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 67 | 70 | +4.5% |
3 Bedrooms | 440 | 477 | +8.4% |
4 Bedrooms | 208 | 251 | +20.7% |
5+ Bedrooms | 42 | 43 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
147 | 137 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
36 Days | 38 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
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.