Is Tullahoma, 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, Tullahoma has remained a Seller's Market.
Key Takeaway
Tullahoma is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tullahoma, TN
How much do homes in Tullahoma, TN cost?
Median Sold Price
$280,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Tullahoma have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Tullahoma was $280,000 in March 2024, up 7.5% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $504K | $295.5K | -41.4% |
| 2 Bedrooms | $150K | $195K | +30.0% |
| 3 Bedrooms | $259.1K | $270K | +4.2% |
| 4 Bedrooms | $367.4K | $370.5K | +0.8% |
| 5+ Bedrooms | $509.9K | $510K | 0.0% |
Summary: Tullahoma housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.4%, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Tullahoma | $260.4K | $280K | +7.5% |
| Lynchburg | $362K | $389K | +7.5% |
| Manchester | $294.9K | $306.9K | +4.1% |
Housing Supply in Tullahoma, TN
How many homes are available in Tullahoma, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 162 | 167 | +3.1% |
Summary: The Tullahoma real estate market had 167 homes for sale in March 2024, a 3.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 24 | 26 | +8.3% |
| 3 Bedrooms | 93 | 88 | -5.4% |
| 4 Bedrooms | 37 | 43 | +16.2% |
| 5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Tullahoma 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 8.3%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 26 | 36 | +38.5% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tullahoma, you may be able to get a good deal. 51.4% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in Tullahoma in March 2024, up by 38.5% month-over-month. Of the 35 sold homes, 51% were sold under asking, 29% were sold at asking, and 20% were sold over asking.
Days on Market for Tullahoma, TN
How long does it take to sell a home in Tullahoma, TN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 45 Days | 71 Days | +56.8% |
Summary: Homes in Tullahoma had an average of 71 days on market in Mar 2024, up by 56.8% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tullahoma are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 36 homes were sold in Tullahoma; 36% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 28% 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 Greater Chattanooga Association of Realtors®. 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. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright© 2024 Greater Chattanooga Association of REALTORS®.