Is Wayne County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Wayne County was a Neutral Market.
Key Takeaway
Wayne County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Wayne County, TN
How much do homes in Wayne County, TN cost?
Median Sold Price
$180,000
$89/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Wayne County have sold for 14.3% less than they did a month ago.
Summary: The median home sold price in Wayne County was $180,000 in March 2024, down 14.3% from last month, and the median price per square foot was $89.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $155K | $180K | +16.1% |
| 3 Bedrooms | $272.5K | - | N/A |
| 4 Bedrooms | - | $149.5K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Wayne County housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.1%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
| Perry County | $88K | $260K | +195.5% |
| Wayne County | $210K | $180K | -14.3% |
| Hardin County | $270K | $224K | -17.0% |
Housing Supply in Wayne County, TN
How many homes are available in Wayne County, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 48 | 48 | 0.0% |
Summary: The Wayne County real estate market had 48 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 11 | 10 | -9.1% |
| 3 Bedrooms | 24 | 20 | -16.7% |
| 4 Bedrooms | 5 | 8 | +60.0% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Wayne 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 decreased by 9.1%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 60%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wayne County, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Wayne County in March 2024, down by 57.1% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Wayne County, TN
How long does it take to sell a home in Wayne County, TN?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 67 Days | 79 Days | +17.5% |
Summary: Homes in Wayne County had an average of 79 days on market in Mar 2024, up by 17.5% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Wayne County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in Wayne County; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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.