Is Bedford County, 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, Bedford County has remained a Seller's Market.
Housing Prices in Bedford County, TN
How much do homes in Bedford County, TN cost?
Median Sold Price
$315,132
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Bedford County was $315,132 in April 2024, up 3.3% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $81K | $329.9K | +307.3% |
2 Bedrooms | $220K | $235K | +6.8% |
3 Bedrooms | $304K | $308.9K | +1.6% |
4 Bedrooms | $369.9K | $394.9K | +6.8% |
5+ Bedrooms | $456K | $502.7K | +10.2% |
Summary: Bedford County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 307.3%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 10.2%.
Median Sold Price Compared To Nearby Counties
Lincoln County | $235K | $249.9K | +6.3% |
Coffee County | $288.2K | $299.5K | +3.9% |
Bedford County | $305K | $315.1K | +3.3% |
Marshall County | $320.7K | $325K | +1.3% |
Housing Supply in Bedford County, TN
How many homes are available in Bedford County, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
241 | 261 | +8.3% |
Summary: The Bedford County real estate market had 261 homes for sale in April 2024, a 8.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 24 | 28 | +16.7% |
3 Bedrooms | 168 | 183 | +8.9% |
4 Bedrooms | 40 | 40 | 0.0% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Bedford County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 8.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
51 | 58 | +13.7% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 58 homes were sold or pending in Bedford County in April 2024, up by 13.7% month-over-month. Of the 56 sold homes, 55% were sold under asking, 27% were sold at asking, and 18% were sold over asking.
Days on Market for Bedford County, TN
How long does it take to sell a home in Bedford County, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
47 Days | 37 Days | -21.7% |
Summary: Homes in Bedford County had an average of 37 days on market in Apr 2024, down by 21.7% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 58 homes were sold in Bedford County; 64% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.