Is Lewis 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, Lewis County has remained a Buyer's Market.
Key Takeaway
Lewis County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lewis County, TN
How much do homes in Lewis County, TN cost?
Median Sold Price
$251,550
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lewis County have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Lewis County was $251,550 in May 2024, up 2.7% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $215K | +72.0% |
| 2 Bedrooms | $169.9K | $160.5K | -5.6% |
| 3 Bedrooms | $241.9K | $260K | +7.4% |
| 4 Bedrooms | $312.2K | $304K | -2.6% |
| 5+ Bedrooms | $487.4K | $209.5K | -57.0% |
Summary: Lewis County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 72%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes increased by 7.4%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes decreased by 57%.
Median Sold Price Compared To Nearby Counties
| Perry County | $180K | $237.5K | +31.9% |
| Lewis County | $245K | $251.5K | +2.7% |
| Maury County | $425K | $420.1K | -1.1% |
| Hickman County | $315K | $307.4K | -2.4% |
| Wayne County | $212.5K | $180K | -15.3% |
Housing Supply in Lewis County, TN
How many homes are available in Lewis County, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 56 | 66 | +17.9% |
Summary: The Lewis County real estate market had 66 homes for sale in May 2024, a 17.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 36 | 41 | +13.9% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Lewis County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lewis County, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Lewis County in May 2024, down by 16.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Lewis County, TN
How long does it take to sell a home in Lewis County, TN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 4 Days | 49 Days | +1140.0% |
Summary: Homes in Lewis County had an average of 49 days on market in May 2024, up by 1140% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lewis County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Lewis County; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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.