Is Lascassas, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lascassas is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Lascassas was a Seller's Market.

Key Takeaway

Lascassas is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Lascassas, TN

How much do homes in Lascassas, TN cost?

Median Sold Price

$570,000

$210/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$16,000(+2.9%)

Key Takeaway

Homes in Lascassas have sold for 2.9% more than they did a year ago.

Summary: The median home sold price in Lascassas was $570,000 in May 2024, up 2.9% from last year, and the median price per square foot was $210.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $1.0M$565K
-44.6%
3 $401.6K$394K
-1.9%
4 $599.9K$597.4K
-0.4%
5+ $559.9K$610K
+8.9%

Summary: Lascassas 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 decreased by 44.6%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 8.9%.

Housing Supply in Lascassas, TN

How many homes are available in Lascassas, TN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2125+19.0%

Summary: The Lascassas real estate market had 25 homes for sale in May 2024, a 19.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 11
0.0%
3 79
+28.6%
4 1315
+15.4%
5+ 00
0.0%

Summary: The Lascassas 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 remained the same, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lascassas, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Lascassas in May 2024, down by 20.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Lascassas, TN

How long does it take to sell a home in Lascassas, TN?

Average Sale Time

May 2023May 2024CHANGE
7 Days14 Days+90.3%

Summary: Homes in Lascassas had an average of 14 days on market in May 2024, up by 90.3% 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lascassas are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 4 homes were sold in Lascassas; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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