Is Macon 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, Macon County was a Seller's Market.
Key Takeaway
Macon County 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 Macon County, TN
How much do homes in Macon County, TN cost?
Median Sold Price
$260,000
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Macon County has remained the same since last year.
Summary: The median home sold price in Macon County was $260,000 in May 2024, up 0.2% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $62.5K | $152.5K | +144.0% |
| 2 Bedrooms | $149.9K | $160.7K | +7.2% |
| 3 Bedrooms | $270K | $267K | -1.1% |
| 4 Bedrooms | $289K | $379.9K | +31.5% |
| 5+ Bedrooms | $232.5K | $387K | +66.5% |
Summary: Macon County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 144%, 2 bedroom homes increased by 7.2%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 31.5%, and 5+ bedroom homes increased by 66.5%.
Median Sold Price Compared To Nearby Counties
| Jackson County | $195K | $249.9K | +28.2% |
| Smith County | $291.8K | $299.9K | +2.8% |
| Macon County | $259.4K | $260K | 0.2% |
Housing Supply in Macon County, TN
How many homes are available in Macon County, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 96 | 116 | +20.8% |
Summary: The Macon County real estate market had 116 homes for sale in May 2024, a 20.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 73 | 94 | +28.8% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Macon 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 decreased by 10%, 3 bedroom homes increased by 28.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 18 | +20.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Macon County, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Macon County in May 2024, up by 20.0% month-over-month. Of the 18 sold homes, 78% were sold under asking, 11% were sold at asking, and 11% were sold over asking.
Days on Market for Macon County, TN
How long does it take to sell a home in Macon County, TN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 39 Days | 48 Days | +22.8% |
Summary: Homes in Macon County had an average of 48 days on market in May 2024, up by 22.8% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Macon County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 18 homes were sold in Macon County; 61% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
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