Is Cunningham, 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, Cunningham has remained a Seller's Market.
Housing Prices in Cunningham, TN
How much do homes in Cunningham, TN cost?
Median Sold Price
$402,500
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Cunningham was $402,500 in May 2024, up 1.5% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $215K | N/A |
2 Bedrooms | - | $277.4K | N/A |
3 Bedrooms | $335K | $425.5K | +27.0% |
4 Bedrooms | $435K | $400K | -8.0% |
5+ Bedrooms | - | - | N/A |
Summary: Cunningham 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 did not change, 3 bedroom homes increased by 27%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Cumberland Furnace | $320K | $507.4K | +58.6% |
Cunningham | $396.4K | $402.5K | +1.5% |
Palmyra | $385K | $360K | -6.5% |
Housing Supply in Cunningham, TN
How many homes are available in Cunningham, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 11 | -26.7% |
Summary: The Cunningham real estate market had 11 homes for sale in May 2024, a 26.7% decrease 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 | 0 | 1 | +100.0% |
3 Bedrooms | 10 | 6 | -40.0% |
4 Bedrooms | 4 | 3 | -25.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Cunningham 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 100%, 3 bedroom homes decreased by 40%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 4 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Cunningham in May 2024, down by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Cunningham, TN
How long does it take to sell a home in Cunningham, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
2 Days | 4 Days | +100.0% |
Summary: Homes in Cunningham had an average of 4 days on market in May 2024, up by 100% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Cunningham; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.