Is Adams, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Adams has remained a Seller's Market.
Housing Prices in Adams, TN
How much do homes in Adams, TN cost?
Median Sold Price
$440,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Adams was $440,000 in April 2024, up 0.7% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $214.5K | $260.7K | +21.6% |
3 Bedrooms | $397.7K | $432K | +8.6% |
4 Bedrooms | $462.5K | $575K | +24.3% |
5+ Bedrooms | $570K | $512.4K | -10.1% |
Summary: Adams 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 21.6%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 24.3%, and 5+ bedroom homes decreased by 10.1%.
Housing Supply in Adams, TN
How many homes are available in Adams, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 21 | 0.0% |
Summary: The Adams real estate market had 21 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 1 | -75.0% |
3 Bedrooms | 8 | 10 | +25.0% |
4 Bedrooms | 7 | 9 | +28.6% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Adams 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 decreased by 75%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 6 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Adams in April 2024, the same as the previous month. Of the 6 sold homes, 17% were sold under asking, 50% were sold at asking, and 33% were sold over asking.
Days on Market for Adams, TN
How long does it take to sell a home in Adams, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
45 Days | 24 Days | -46.6% |
Summary: Homes in Adams had an average of 24 days on market in Apr 2024, down by 46.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Adams; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.