Is Wayne 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, Wayne County was a Neutral Market.
Housing Prices in Wayne County, TN
How much do homes in Wayne County, TN cost?
Median Sold Price
$194,000
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Wayne County was $194,000 in April 2024, down 3% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $54.4K | $120K | +120.6% |
2 Bedrooms | $117K | $187.5K | +60.3% |
3 Bedrooms | $236.5K | $193K | -18.4% |
4 Bedrooms | $375K | $209K | -44.3% |
5+ Bedrooms | $417K | $330K | -20.9% |
Summary: Wayne County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 120.6%, 2 bedroom homes increased by 60.3%, 3 bedroom homes decreased by 18.4%, 4 bedroom homes decreased by 44.3%, and 5+ bedroom homes decreased by 20.9%.
Median Sold Price Compared To Nearby Counties
Perry County | $200K | $220K | +10.0% |
Lawrence County | $250K | $265K | +6.0% |
Lewis County | $245K | $250K | +2.0% |
Wayne County | $200K | $194K | -3.0% |
Hardin County | $267.5K | $237.7K | -11.1% |
Housing Supply in Wayne County, TN
How many homes are available in Wayne County, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
47 | 50 | +6.4% |
Summary: The Wayne County real estate market had 50 homes for sale in April 2024, a 6.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 10 | 11 | +10.0% |
3 Bedrooms | 18 | 22 | +22.2% |
4 Bedrooms | 8 | 6 | -25.0% |
5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Wayne County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 22.2%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Wayne County in April 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Wayne County, TN
How long does it take to sell a home in Wayne County, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
60 Days | 39 Days | -35.3% |
Summary: Homes in Wayne County had an average of 39 days on market in Apr 2024, down by 35.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Wayne County; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.