Is Marshall 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, Marshall County has remained a Seller's Market.
Key Takeaway
Marshall County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marshall County, TN
How much do homes in Marshall County, TN cost?
Median Sold Price
$325,000
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Marshall County have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in Marshall County was $325,000 in April 2024, up 1.3% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $403.5K | $135K | -66.5% |
| 2 Bedrooms | $189.2K | $199.9K | +5.6% |
| 3 Bedrooms | $312K | $315K | +1.0% |
| 4 Bedrooms | $364.7K | $360.9K | -1.0% |
| 5+ Bedrooms | $425.4K | $407K | -4.3% |
Summary: Marshall County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 66.5%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 1%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes decreased by 4.3%.
Median Sold Price Compared To Nearby Counties
| Giles County | $250K | $269.9K | +8.0% |
| Lincoln County | $235K | $249.9K | +6.3% |
| Bedford County | $305K | $315.1K | +3.3% |
| Marshall County | $320.7K | $325K | +1.3% |
| Maury County | $425.4K | $420K | -1.3% |
Housing Supply in Marshall County, TN
How many homes are available in Marshall County, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 204 | 218 | +6.9% |
Summary: The Marshall County real estate market had 218 homes for sale in April 2024, a 6.9% 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 | 18 | 16 | -11.1% |
| 3 Bedrooms | 149 | 155 | +4.0% |
| 4 Bedrooms | 31 | 39 | +25.8% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Marshall 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 decreased by 11.1%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 25.8%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 38 | 46 | +21.1% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marshall County, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 46 homes were sold or pending in Marshall County in April 2024, up by 21.1% month-over-month. Of the 46 sold homes, 39% were sold under asking, 50% were sold at asking, and 11% were sold over asking.
Days on Market for Marshall County, TN
How long does it take to sell a home in Marshall County, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 31 Days | 38 Days | +21.2% |
Summary: Homes in Marshall County had an average of 38 days on market in Apr 2024, up by 21.2% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Marshall County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 46 homes were sold in Marshall County; 65% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 15% 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.