Is Ripley, 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, Ripley has remained a Buyer's Market.
Housing Prices in Ripley, TN
How much do homes in Ripley, TN cost?
Median Sold Price
$155,000
$93/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Ripley was $155,000 in April 2024, up 19.2% from last year, and the median price per square foot was $93.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $570K | N/A |
2 Bedrooms | $86.9K | $71.5K | -17.7% |
3 Bedrooms | $135K | $153.5K | +13.7% |
4 Bedrooms | $77.5K | $179.9K | +132.1% |
5+ Bedrooms | - | $280K | N/A |
Summary: Ripley 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 decreased by 17.7%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 132.1%, and 5+ bedroom homes did not change.
Housing Supply in Ripley, TN
How many homes are available in Ripley, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
45 | 57 | +26.7% |
Summary: The Ripley real estate market had 57 homes for sale in April 2024, a 26.7% 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 | 6 | 7 | +16.7% |
3 Bedrooms | 26 | 32 | +23.1% |
4 Bedrooms | 9 | 12 | +33.3% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Ripley 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 increased by 16.7%, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 5 | -54.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Ripley in April 2024, down by 54.5% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Ripley, TN
We’re sorry, we don't have information for this market at the moment