Is Fentress 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, Fentress County was a Seller's Market.
Housing Prices in Fentress County, TN
How much do homes in Fentress County, TN cost?
Median Sold Price
$255,500
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Fentress County was $255,500 in May 2024, up 6.7% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $122.5K | $178K | +45.3% |
2 Bedrooms | $150K | $199.9K | +33.3% |
3 Bedrooms | $250K | $274.5K | +9.8% |
4 Bedrooms | $254K | $240K | -5.5% |
5+ Bedrooms | $320K | $747.2K | +133.5% |
Summary: Fentress County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 45.3%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 9.8%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes increased by 133.5%.
Median Sold Price Compared To Nearby Counties
Morgan County | $210K | $240K | +14.3% |
Scott County | $199K | $212.5K | +6.8% |
Fentress County | $239.4K | $255.5K | +6.7% |
Cumberland County | $299.5K | $317.9K | +6.2% |
Housing Supply in Fentress County, TN
How many homes are available in Fentress County, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
227 | 237 | +4.4% |
Summary: The Fentress County real estate market had 237 homes for sale in May 2024, a 4.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 7 | -12.5% |
2 Bedrooms | 40 | 41 | +2.5% |
3 Bedrooms | 153 | 156 | +2.0% |
4 Bedrooms | 23 | 28 | +21.7% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Fentress County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
35 | 31 | -11.4% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Fentress County in May 2024, down by 11.4% month-over-month. Of the 31 sold homes, 61% were sold under asking, 19% were sold at asking, and 19% were sold over asking.
Days on Market for Fentress County, TN
How long does it take to sell a home in Fentress County, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
83 Days | 87 Days | +4.3% |
Summary: Homes in Fentress County had an average of 87 days on market in May 2024, up by 4.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During May 2024, 31 homes were sold in Fentress County; 29% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 39% of homes were sold over 90 days.