Is Townsend, 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, Townsend was a Seller's Market.
Housing Prices in Townsend, TN
How much do homes in Townsend, TN cost?
Median Sold Price
$424,500
$286/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Townsend was $424,500 in February 2024, down 6.7% from last year, and the median price per square foot was $286.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $396K | $306K | -22.7% |
2 Bedrooms | $375K | $439K | +17.1% |
3 Bedrooms | $532.5K | $474.5K | -10.9% |
4 Bedrooms | $607K | $700K | +15.3% |
5+ Bedrooms | - | $900K | N/A |
Summary: Townsend housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.7%, 2 bedroom homes increased by 17.1%, 3 bedroom homes decreased by 10.9%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes did not change.
Housing Supply in Townsend, TN
How many homes are available in Townsend, TN?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
43 | 47 | +9.3% |
Summary: The Townsend real estate market had 47 homes for sale in February 2024, a 9.3% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 2 | -50.0% |
2 Bedrooms | 20 | 24 | +20.0% |
3 Bedrooms | 14 | 15 | +7.1% |
4 Bedrooms | 1 | 2 | +100.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Townsend housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
10 | 2 | -80.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Townsend in February 2024, down by 80.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Townsend, TN
We’re sorry, we don't have information for this market at the moment