Is Cowan, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Cowan was a Neutral Market.
Key Takeaway
Cowan is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cowan, TN
How much do homes in Cowan, TN cost?
Median Sold Price
$208,275
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Cowan have sold for 14.8% more than they did a year ago.
Summary: The median home sold price in Cowan was $208,275 in April 2024, up 14.8% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $62K | - | N/A |
| 2 Bedrooms | $148K | $146.4K | -1.0% |
| 3 Bedrooms | $195K | $217.5K | +11.6% |
| 4 Bedrooms | $319.5K | $240K | -24.9% |
| 5+ Bedrooms | $253.9K | - | N/A |
Summary: Cowan 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 decreased by 1%, 3 bedroom homes increased by 11.6%, 4 bedroom homes decreased by 24.9%, and 5+ bedroom homes did not change.
Housing Supply in Cowan, TN
How many homes are available in Cowan, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 34 | 38 | +11.8% |
Summary: The Cowan real estate market had 38 homes for sale in April 2024, a 11.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 29 | 30 | +3.4% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Cowan 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 increased by 100%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cowan, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Cowan in April 2024, up by 400.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Cowan, TN
How long does it take to sell a home in Cowan, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 8 Days | 59 Days | +637.5% |
Summary: Homes in Cowan had an average of 59 days on market in Apr 2024, up by 637.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cowan are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Cowan; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% 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.