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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lakesite is a neutral's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Lakesite was a Seller's Market.

Key Takeaway

Lakesite is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Lakesite, TN

How much do homes in Lakesite, TN cost?

Median Sold Price

$420,000

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$30,300(+7.8%)

Key Takeaway

Homes in Lakesite have sold for 7.8% more than they did a year ago.

Summary: The median home sold price in Lakesite was $420,000 in September 2024, up 7.8% from last year, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $400K-
N/A
3 $383K$350K
-8.6%
4 $440K$445K
+1.1%
5+ $460K$3.5M
+679.3%

Summary: Lakesite housing prices by bedroom type for September 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 decreased by 8.6%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 679.3%.

Housing Supply in Lakesite, TN

How many homes are available in Lakesite, TN?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
46+50.0%

Summary: The Lakesite real estate market had 6 homes for sale in September 2024, a 50.0% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 00
0.0%
3 23
+50.0%
4 23
+50.0%
5+ 00
0.0%

Summary: The Lakesite housing inventory by bedroom type for September 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 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lakesite, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Lakesite in September 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Lakesite, TN

We’re sorry, we don't have information for this market at the moment

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

Report Updated 30 Days Ago

Newest Listings in Lakesite, TN

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