Is Lauderdale 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, Lauderdale County has remained a Buyer's Market.
Key Takeaway
Lauderdale County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lauderdale County, TN
How much do homes in Lauderdale County, TN cost?
Median Sold Price
$139,000
$95/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lauderdale County have sold for 12% less than they did a year ago.
Summary: The median home sold price in Lauderdale County was $139,000 in April 2024, down 12% from last year, and the median price per square foot was $95.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $570K | N/A |
| 2 Bedrooms | $79.7K | $90.5K | +13.5% |
| 3 Bedrooms | $162K | $140K | -13.6% |
| 4 Bedrooms | $227.5K | $179.9K | -20.9% |
| 5+ Bedrooms | - | $279.9K | N/A |
Summary: Lauderdale County 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 13.5%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes decreased by 20.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
| Tipton County | $260K | $292.7K | +12.6% |
| Lauderdale County | $158K | $139K | -12.0% |
Housing Supply in Lauderdale County, TN
How many homes are available in Lauderdale County, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 61 | 76 | +24.6% |
Summary: The Lauderdale County real estate market had 76 homes for sale in April 2024, a 24.6% increase 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 | 7 | 7 | 0.0% |
| 3 Bedrooms | 36 | 45 | +25.0% |
| 4 Bedrooms | 10 | 14 | +40.0% |
| 5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Lauderdale County 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 increased by 25%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 8 | -33.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lauderdale County, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Lauderdale County in April 2024, down by 33.3% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.
Days on Market for Lauderdale County, TN
We’re sorry, we don't have information for this market at the moment
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
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