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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Whitesburg is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Whitesburg was a Seller's Market.

Key Takeaway

Whitesburg is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Whitesburg, TN

How much do homes in Whitesburg, TN cost?

Median Sold Price

$239,900

$162/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

+$50,000(+26.3%)

Key Takeaway

Homes in Whitesburg have sold for 26.3% more than they did a month ago.

Summary: The median home sold price in Whitesburg was $239,900 in March 2024, up 26.3% from last month, and the median price per square foot was $162.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 --
N/A
3 $189.9K$239.9K
+26.3%
4 --
N/A
5+ --
N/A

Summary: Whitesburg 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 did not change, 3 bedroom homes increased by 26.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Whitesburg, TN

How many homes are available in Whitesburg, TN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
76-14.3%

Summary: The Whitesburg real estate market had 6 homes for sale in March 2024, a 14.3% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 64
-33.3%
4 00
0.0%
5+ 00
0.0%

Summary: The Whitesburg 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 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Whitesburg, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Whitesburg in March 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Whitesburg, TN

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

Average Sale Time

Feb 2024Mar 2024CHANGE
66 Days106 Days+60.6%

Summary: Homes in Whitesburg had an average of 106 days on market in Mar 2024, up by 60.6% compared to last month.

Breakdown of Home Sale Times

0 Homes Were 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

Most homes in Whitesburg are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 1 homes were sold in Whitesburg; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 25 Days Ago

Newest Listings in Whitesburg, TN

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