Is Hardeman County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Hardeman County was a Neutral Market.
Key Takeaway
Hardeman County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hardeman County, TN
How much do homes in Hardeman County, TN cost?
Median Sold Price
$187,500
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Hardeman County have sold for 13.3% more than they did a year ago.
Summary: The median home sold price in Hardeman County was $187,500 in May 2024, up 13.3% 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 | - | $115K | N/A |
| 2 Bedrooms | $142K | $105K | -26.1% |
| 3 Bedrooms | $174.2K | $189.5K | +8.8% |
| 4 Bedrooms | $227.5K | $334K | +46.8% |
| 5+ Bedrooms | $332.7K | $635K | +90.8% |
Summary: Hardeman County 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 decreased by 26.1%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 46.8%, and 5+ bedroom homes increased by 90.8%.
Median Sold Price Compared To Nearby Counties
| Hardeman County | $165.5K | $187.5K | +13.3% |
| Fayette County | $373.8K | $352.9K | -5.6% |
| McNairy County | $211K | $181K | -14.2% |
Housing Supply in Hardeman County, TN
How many homes are available in Hardeman County, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 83 | 83 | 0.0% |
Summary: The Hardeman County real estate market had 83 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 11 | -8.3% |
| 3 Bedrooms | 39 | 41 | +5.1% |
| 4 Bedrooms | 15 | 17 | +13.3% |
| 5+ Bedrooms | 16 | 13 | -18.8% |
Summary: The Hardeman County 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 decreased by 8.3%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes decreased by 18.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 18 | +50.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hardeman County, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Hardeman County in May 2024, up by 50.0% month-over-month. Of the 18 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% were sold over asking.
Days on Market for Hardeman County, TN
How long does it take to sell a home in Hardeman County, TN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 89 Days | 42 Days | -52.8% |
Summary: Homes in Hardeman County had an average of 42 days on market in May 2024, down by 52.8% 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
Key Takeaway
Avg time on Rocket Homes in Hardeman County has remained consistent over time.
Summary: During May 2024, 18 homes were sold in Hardeman County; 0% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% 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.