Is Munford, 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, Munford was a Buyer's Market.
Key Takeaway
Munford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Munford, TN
How much do homes in Munford, TN cost?
Median Sold Price
$299,900
-
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Munford have sold for 10.7% more 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 | - | $122K | N/A |
| 3 Bedrooms | $266K | $260.5K | -2.1% |
| 4 Bedrooms | $427K | $335K | -21.5% |
| 5+ Bedrooms | - | $409.7K | N/A |
Summary: Munford 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 2.1%, 4 bedroom homes decreased by 21.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Munford | $270.9K | $299.9K | +10.7% |
| Drummonds | $272K | $261K | -4.0% |
Housing Supply in Munford, TN
How many homes are available in Munford, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 49 | 60 | +22.4% |
Summary: The Munford real estate market had 60 homes for sale in April 2024, a 22.4% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 25 | 31 | +24.0% |
| 4 Bedrooms | 20 | 25 | +25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Munford 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 24%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 11 | +37.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Munford, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Munford in April 2024, up by 37.5% month-over-month. Of the 11 sold homes, 64% were sold under asking, 9% were sold at asking, and 27% were sold over asking.
Days on Market for Munford, 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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