Is Sumner County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Sumner County has remained a Seller's Market.
Key Takeaway
Sumner County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sumner County, TN
How much do homes in Sumner County, TN cost?
Median Sold Price
$434,594
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Sumner County have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in Sumner County was $434,594 in March 2024, up 1.3% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $237.5K | $194K | -18.3% |
| 2 Bedrooms | $342.4K | $361.9K | +5.7% |
| 3 Bedrooms | $384.9K | $389.8K | +1.3% |
| 4 Bedrooms | $576.8K | $600K | +4.0% |
| 5+ Bedrooms | $794.9K | $756.4K | -4.8% |
Summary: Sumner County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.3%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 4%, and 5+ bedroom homes decreased by 4.8%.
Median Sold Price Compared To Nearby Counties
| Wilson County | $452.9K | $468.7K | +3.5% |
| Robertson County | $377.7K | $389.6K | +3.2% |
| Sumner County | $429K | $434.5K | +1.3% |
| Davidson County | $451.6K | $450K | -0.4% |
Housing Supply in Sumner County, TN
How many homes are available in Sumner County, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 830 | 945 | +13.9% |
Summary: The Sumner County real estate market had 945 homes for sale in March 2024, a 13.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 70 | 74 | +5.7% |
| 3 Bedrooms | 479 | 535 | +11.7% |
| 4 Bedrooms | 237 | 283 | +19.4% |
| 5+ Bedrooms | 43 | 52 | +20.9% |
Summary: The Sumner County 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 increased by 5.7%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes increased by 20.9%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 160 | 169 | +5.6% |
Asking Price vs. Sold Price
73 Homes Were Sold
Under Asking
62 Homes Were Sold
At Asking
34 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sumner County, you may be able to get a good deal. 43.2% of homes here sold below asking price last month.
Summary: A total of 169 homes were sold or pending in Sumner County in March 2024, up by 5.6% month-over-month. Of the 169 sold homes, 43% were sold under asking, 37% were sold at asking, and 20% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 31 Days | 37 Days | +19.0% |
Summary: Homes in Sumner County had an average of 37 days on market in Mar 2024, up by 19% compared to last year.
Breakdown of Home Sale Times
107 Homes Were Sold
Under 30 Days
40 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sumner County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 169 homes were sold in Sumner County; 63% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.