Is Antioch / Priest Lake, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Antioch / Priest Lake has remained a Seller's Market.
Key Takeaway
Antioch / Priest Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Antioch / Priest Lake, TN
How much do homes in Antioch / Priest Lake, TN cost?
Median Sold Price
$355,014
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Antioch / Priest Lake have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in Antioch / Priest Lake was $355,014 in May 2024, up 1.4% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $250K | +66.7% |
| 2 Bedrooms | $270K | $270K | 0.0% |
| 3 Bedrooms | $345.6K | $350K | +1.2% |
| 4 Bedrooms | $414.7K | $425K | +2.5% |
| 5+ Bedrooms | $451.9K | $472.8K | +4.6% |
Summary: Antioch / Priest Lake housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 66.7%, 2 bedroom homes did not change, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 4.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Priest Lake | $352.2K | $413.5K | +17.4% |
| Antioch / Priest Lake | $349.9K | $355K | +1.4% |
Housing Supply in Antioch / Priest Lake, TN
How many homes are available in Antioch / Priest Lake, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 288 | 297 | +3.1% |
Summary: The Antioch / Priest Lake real estate market had 297 homes for sale in May 2024, a 3.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 59 | 65 | +10.2% |
| 3 Bedrooms | 171 | 175 | +2.3% |
| 4 Bedrooms | 52 | 51 | -1.9% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Antioch / Priest Lake housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 84 | 83 | -1.2% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
28 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Antioch / Priest Lake, you may be able to get a good deal. 40.2% of homes here sold below asking price last month.
Summary: A total of 83 homes were sold or pending in Antioch / Priest Lake in May 2024, down by 1.2% month-over-month. Of the 82 sold homes, 40% were sold under asking, 34% were sold at asking, and 26% were sold over asking.
Days on Market for Antioch / Priest Lake, TN
How long does it take to sell a home in Antioch / Priest Lake, TN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 29 Days | 18 Days | -35.8% |
Summary: Homes in Antioch / Priest Lake had an average of 18 days on market in May 2024, down by 35.8% compared to last year.
Breakdown of Home Sale Times
71 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Antioch / Priest Lake are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 83 homes were sold in Antioch / Priest Lake; 86% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.