Is Macon County, 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, Macon County was a Seller's Market.
Key Takeaway
Macon County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Macon County, TN
How much do homes in Macon County, TN cost?
Median Sold Price
$265,000
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Macon County have sold for 2% more than they did a year ago.
Summary: The median home sold price in Macon County was $265,000 in April 2024, up 2% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $62.5K | $152.5K | +144.0% |
| 2 Bedrooms | $145K | $180.9K | +24.8% |
| 3 Bedrooms | $270K | $268.5K | -0.6% |
| 4 Bedrooms | $289K | $354.9K | +22.8% |
| 5+ Bedrooms | $303.7K | $348.5K | +14.7% |
Summary: Macon County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 144%, 2 bedroom homes increased by 24.8%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 22.8%, and 5+ bedroom homes increased by 14.7%.
Median Sold Price Compared To Nearby Counties
| Jackson County | $195K | $255K | +30.8% |
| Smith County | $291.6K | $300K | +2.9% |
| Macon County | $259.9K | $265K | +2.0% |
Housing Supply in Macon County, TN
How many homes are available in Macon County, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 101 | 103 | +2.0% |
Summary: The Macon County real estate market had 103 homes for sale in April 2024, a 2.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 76 | 80 | +5.3% |
| 4 Bedrooms | 12 | 10 | -16.7% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Macon County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 21 | 14 | -33.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Macon County, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Macon County in April 2024, down by 33.3% month-over-month. Of the 13 sold homes, 54% were sold under asking, 15% were sold at asking, and 31% were sold over asking.
Days on Market for Macon County, TN
How long does it take to sell a home in Macon County, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 36 Days | 59 Days | +66.3% |
Summary: Homes in Macon County had an average of 59 days on market in Apr 2024, up by 66.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Macon County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 14 homes were sold in Macon County; 50% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
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