Is Tullahoma, 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, Tullahoma has remained a Seller's Market.
Housing Prices in Tullahoma, TN
How much do homes in Tullahoma, TN cost?
Median Sold Price
$280,500
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Tullahoma was $280,500 in April 2024, up 7.9% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $501.8K | - | N/A |
2 Bedrooms | $149.9K | $200K | +33.4% |
3 Bedrooms | $256.6K | $270K | +5.2% |
4 Bedrooms | $359.5K | $397.5K | +10.6% |
5+ Bedrooms | $523.2K | $520K | -0.6% |
Summary: Tullahoma 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 33.4%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes decreased by 0.6%.
Median Sold Price Compared To Nearby Cities
Lynchburg | $360K | $400K | +11.1% |
Tullahoma | $260K | $280.5K | +7.9% |
Manchester | $296.1K | $309.9K | +4.7% |
Housing Supply in Tullahoma, TN
How many homes are available in Tullahoma, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
166 | 157 | -5.4% |
Summary: The Tullahoma real estate market had 157 homes for sale in April 2024, a 5.4% decrease 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 | 23 | 19 | -17.4% |
3 Bedrooms | 89 | 86 | -3.4% |
4 Bedrooms | 43 | 41 | -4.7% |
5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Tullahoma 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 17.4%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
38 | 33 | -13.2% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in Tullahoma in April 2024, down by 13.2% month-over-month. Of the 33 sold homes, 42% were sold under asking, 39% were sold at asking, and 18% were sold over asking.
Days on Market for Tullahoma, TN
How long does it take to sell a home in Tullahoma, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
32 Days | 54 Days | +69.7% |
Summary: Homes in Tullahoma had an average of 54 days on market in Apr 2024, up by 69.7% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During April 2024, 33 homes were sold in Tullahoma; 55% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.