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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Trent is a seller's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Trent was a Buyer's Market.

Key Takeaway

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

Housing Prices in Trent, TN

How much do homes in Trent, TN cost?

Median Sold Price

$449,500

$195/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$28,500(+6.8%)

Key Takeaway

Homes in Trent have sold for 6.8% more than they did a year ago.

Summary: The median home sold price in Trent was $449,500 in April 2024, up 6.8% from last year, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $354.9K$379K
+6.8%
3 $425K$429K
+0.9%
4 -$605K
N/A
5+ --
N/A

Summary: Trent housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 0.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Trent, TN

How many homes are available in Trent, TN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
711+57.1%

Summary: The Trent real estate market had 11 homes for sale in April 2024, a 57.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 11
0.0%
3 59
+80.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Trent housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 80%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Trent, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Trent in April 2024, up by 100.0% 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 Trent, TN

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

Average Sale Time

Apr 2023Apr 2024CHANGE
12 Days96 Days+704.2%

Summary: Homes in Trent had an average of 96 days on market in Apr 2024, up by 704.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 2 homes were sold in Trent; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 4 Days Ago

Newest Listings in Trent, TN

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