Is Rickman, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rickman is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Rickman has remained a Seller's Market.

Key Takeaway

Rickman is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Rickman, TN

How much do homes in Rickman, TN cost?

Median Sold Price

$352,500

$197/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$152,000(+75.8%)

Key Takeaway

Homes in Rickman have sold for 75.8% more than they did a year ago.

Summary: The median home sold price in Rickman was $352,500 in May 2024, up 75.8% from last year, and the median price per square foot was $197.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $106K-
N/A
3 $260K$321K
+23.5%
4 -$479.9K
N/A
5+ --
N/A

Summary: Rickman housing prices by bedroom type for May 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 increased by 23.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Rickman, TN

How many homes are available in Rickman, TN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
611+83.3%

Summary: The Rickman real estate market had 11 homes for sale in May 2024, a 83.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 00
0.0%
3 69
+50.0%
4 02
+100.0%
5+ 00
0.0%

Summary: The Rickman housing inventory by bedroom type for May 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 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
220.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rickman, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Rickman in May 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Rickman, TN

How long does it take to sell a home in Rickman, TN?

Average Sale Time

May 2023May 2024CHANGE
92 Days10 Days-88.6%

Summary: Homes in Rickman had an average of 10 days on market in May 2024, down by 88.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Rickman are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 2 homes were sold in Rickman; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Rickman, TN

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