Is Clay 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, Clay County was a Seller's Market.
Housing Prices in Clay County, TN
How much do homes in Clay County, TN cost?
Median Sold Price
$245,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Clay County was $245,000 in May 2024, down 2% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $345K | N/A |
2 Bedrooms | $80K | $215K | +168.8% |
3 Bedrooms | $239K | $339.9K | +42.2% |
4 Bedrooms | $367.7K | - | N/A |
5+ Bedrooms | $470K | $228K | -51.5% |
Summary: Clay 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 increased by 168.8%, 3 bedroom homes increased by 42.2%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 51.5%.
Median Sold Price Compared To Nearby Counties
Jackson County | $195K | $249.9K | +28.2% |
Overton County | $240K | $275K | +14.6% |
Clay County | $250K | $245K | -2.0% |
Housing Supply in Clay County, TN
How many homes are available in Clay County, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 24 | +50.0% |
Summary: The Clay County real estate market had 24 homes for sale in May 2024, a 50.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 7 | +16.7% |
3 Bedrooms | 5 | 11 | +120.0% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Clay 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 increased by 16.7%, 3 bedroom homes increased by 120%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Clay County in May 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Clay County, TN
How long does it take to sell a home in Clay County, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
180 Days | 60 Days | -66.7% |
Summary: Homes in Clay County had an average of 60 days on market in May 2024, down by 66.7% 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
Summary: During May 2024, 1 homes were sold in Clay County; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.