Is Townsend, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Townsend is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Townsend was a Neutral Market.

Key Takeaway

Townsend is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Townsend, TN cost?

Median Sold Price

$372,000

$338/sqft

Based on all homes sold in April 2022.

Difference Since Last Month

-$78,000(-17.3%)

Key Takeaway

Homes in Townsend have sold for 17.3% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSMar 2022Apr 2022%
1 --
N/A
2 $350K$372K
+6.3%
3 $550K-
N/A
4 --
N/A
5+ --
N/A

How many homes are available in Townsend, TN?

Number of Homes For Sale

Mar 2022Apr 2022%
1213+8.3%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 00
0.0%
2 910
+11.1%
3 33
0.0%
4 00
0.0%
5+ 00
0.0%

Number of Homes Sold

Mar 2022Apr 2022%
23+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Townsend, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Townsend, TN

There are 13 homes are for sale in Townsend, TN real estate market. In April 2022 in Townsend, TN there were 8.3% more homes for sale than in March 2022. Between April 2021 and April 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 0% more expensive, 2 bedrooms properties prices increased by 6.3%, 3 bedrooms properties prices increased by 0%, prices of 4 bedrooms properties increased by 0%, prices of 5 bedrooms properties increased by 0%. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes have not changed, the quantity of 2 bedrooms homes went up by 11.1%, the quantity of 3 bedrooms homes have not changed, 4 bedrooms homes inventory did not change, 5 bedrooms homes inventory did not change. Townsend, TN housing market in April 2022 saw over 1 listings sold above listed price, more than 1 sold at listed price and over 1 sold below.