Is Coffee County, 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, Coffee County has remained a Seller's Market.
Key Takeaway
Coffee County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Coffee County, TN
How much do homes in Coffee County, TN cost?
Median Sold Price
$300,000
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Coffee County have sold for 5% more than they did a year ago.
Summary: The median home sold price in Coffee County was $300,000 in May 2024, up 5% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $245.2K | $68.5K | -72.1% |
| 2 Bedrooms | $155K | $202.5K | +30.6% |
| 3 Bedrooms | $279.4K | $299.9K | +7.3% |
| 4 Bedrooms | $412.4K | $375K | -9.1% |
| 5+ Bedrooms | $520.7K | $502.9K | -3.4% |
Summary: Coffee County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 72.1%, 2 bedroom homes increased by 30.6%, 3 bedroom homes increased by 7.3%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 3.4%.
Median Sold Price Compared To Nearby Counties
| Moore County | $355K | $475K | +33.8% |
| Grundy County | $290K | $325K | +12.1% |
| Coffee County | $285.7K | $300K | +5.0% |
| Bedford County | $302.8K | $315.2K | +4.1% |
| Franklin County | $289.9K | $299.9K | +3.4% |
Housing Supply in Coffee County, TN
How many homes are available in Coffee County, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 319 | 330 | +3.4% |
Summary: The Coffee County real estate market had 330 homes for sale in May 2024, a 3.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 31 | 38 | +22.6% |
| 3 Bedrooms | 197 | 200 | +1.5% |
| 4 Bedrooms | 79 | 75 | -5.1% |
| 5+ Bedrooms | 11 | 16 | +45.5% |
Summary: The Coffee 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 22.6%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes increased by 45.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 66 | 64 | -3.0% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Coffee County, you may be able to get a good deal. 49.2% of homes here sold below asking price last month.
Summary: A total of 64 homes were sold or pending in Coffee County in May 2024, down by 3.0% month-over-month. Of the 61 sold homes, 49% were sold under asking, 34% were sold at asking, and 16% were sold over asking.
Days on Market for Coffee County, TN
How long does it take to sell a home in Coffee County, TN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 48 Days | 52 Days | +9.6% |
Summary: Homes in Coffee County had an average of 52 days on market in May 2024, up by 9.6% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Coffee County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 64 homes were sold in Coffee County; 50% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 19% 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. 
Copyright© 2024 MLSOK, Inc. All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, MLSOK, Inc. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. It may be subject to transcription and transmission errors. Accordingly, the data is provided as is, as available basis only and may not reflect all real estate activity in the market. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 