Is Drummonds, 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, Drummonds has remained a Seller's Market.
Key Takeaway
Drummonds is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Drummonds, TN
How much do homes in Drummonds, TN cost?
Median Sold Price
$261,000
-
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Drummonds have sold for 4% less than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $139K | N/A |
| 3 Bedrooms | $283K | $246K | -13.1% |
| 4 Bedrooms | $156.5K | $320K | +104.5% |
| 5+ Bedrooms | $480K | $420K | -12.5% |
Summary: Drummonds 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 did not change, 3 bedroom homes decreased by 13.1%, 4 bedroom homes increased by 104.5%, and 5+ bedroom homes decreased by 12.5%.
Median Sold Price Compared To Nearby Cities
| Munford | $270.9K | $299.9K | +10.7% |
| Drummonds | $272K | $261K | -4.0% |
Housing Supply in Drummonds, TN
How many homes are available in Drummonds, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 16 | -15.8% |
Summary: The Drummonds real estate market had 16 homes for sale in April 2024, a 15.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 8 | 6 | -25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Drummonds 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 remained the same, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Drummonds, expect to pay close to the asking price. 80% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Drummonds in April 2024, the same as the previous month. Of the 5 sold homes, 20% were sold under asking, 80% were sold at asking, and 0% were sold over asking.
Days on Market for Drummonds, TN
We’re sorry, we don't have information for this market at the moment
