Is Clarksville, 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, Clarksville has remained a Seller's Market.
Key Takeaway
Clarksville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Clarksville, TN
How much do homes in Clarksville, TN cost?
Median Sold Price
$309,900
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Clarksville have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Clarksville was $309,900 in May 2024, up 3.3% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | $185K | +37.0% |
| 2 Bedrooms | $216K | $224K | +3.7% |
| 3 Bedrooms | $277.5K | $289.9K | +4.5% |
| 4 Bedrooms | $363.2K | $374.9K | +3.2% |
| 5+ Bedrooms | $415K | $411K | -1.0% |
Summary: Clarksville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes decreased by 1%.
Median Sold Price Compared To Nearby Cities
| Oak Grove | $190K | $218K | +14.7% |
| Oak Grove-Pembroke | $189.9K | $212K | +11.6% |
| Clarksville | $299.9K | $309.9K | +3.3% |
Housing Supply in Clarksville, TN
How many homes are available in Clarksville, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1,888 | 1,908 | +1.1% |
Summary: The Clarksville real estate market had 1,908 homes for sale in May 2024, a 1.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 132 | 122 | -7.6% |
| 3 Bedrooms | 1,104 | 1,119 | +1.4% |
| 4 Bedrooms | 512 | 521 | +1.8% |
| 5+ Bedrooms | 139 | 146 | +5.0% |
Summary: The Clarksville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 7.6%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 355 | 434 | +22.3% |
Asking Price vs. Sold Price
130 Homes Were Sold
Under Asking
249 Homes Were Sold
At Asking
55 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Clarksville, expect to pay close to the asking price. 57.4% of homes here sold near the asking price last month.
Summary: A total of 434 homes were sold or pending in Clarksville in May 2024, up by 22.3% month-over-month. Of the 434 sold homes, 30% were sold under asking, 57% were sold at asking, and 13% were sold over asking.
Days on Market for Clarksville, TN
How long does it take to sell a home in Clarksville, TN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 37 Days | 36 Days | -2.6% |
Summary: Homes in Clarksville had an average of 36 days on market in May 2024, down by 2.6% compared to last year.
Breakdown of Home Sale Times
271 Homes Were Sold
Under 30 Days
110 Homes Were Sold
In 30 - 90 Days
50 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Clarksville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 434 homes were sold in Clarksville; 62% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 12% 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. 
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listings displayed are the property of the Western Kentucky Regional MLS (WKMLS) and provided here for consumer's personal, non-commercial use, and may not be used for any purposes other than to identify prospective properties consumers may be interested in purchasing. Each potential buyer is responsible for conducting his or her own independent inspections,investigations, measurements, inquiries and due diligence concerning the property. Although all information contained herein is believed to be accurate, the Real Estate Broker and the Seller of the property make no warranty or guarantee, actual or implied. Copyright 2024 Western Kentucky Regional MLS, Inc.