Is Marshall 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, Marshall County has remained a Seller's Market.
Key Takeaway
Marshall County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marshall County, TN
How much do homes in Marshall County, TN cost?
Median Sold Price
$329,885
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Marshall County have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in Marshall County was $329,885 in May 2024, up 3.1% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $172K | $135K | -21.5% |
| 2 Bedrooms | $189.2K | $210K | +11.0% |
| 3 Bedrooms | $313K | $315.1K | +0.7% |
| 4 Bedrooms | $362.3K | $371.9K | +2.7% |
| 5+ Bedrooms | $424.4K | $411.7K | -3.0% |
Summary: Marshall County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.5%, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes decreased by 3%.
Median Sold Price Compared To Nearby Counties
| Lincoln County | $232.6K | $250K | +7.5% |
| Bedford County | $302.8K | $315.2K | +4.1% |
| Marshall County | $320K | $329.8K | +3.1% |
| Giles County | $253.5K | $254.6K | 0.5% |
| Maury County | $425K | $420.1K | -1.1% |
Housing Supply in Marshall County, TN
How many homes are available in Marshall County, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 223 | 213 | -4.5% |
Summary: The Marshall County real estate market had 213 homes for sale in May 2024, a 4.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 16 | 14 | -12.5% |
| 3 Bedrooms | 161 | 152 | -5.6% |
| 4 Bedrooms | 39 | 42 | +7.7% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Marshall County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 48 | 48 | 0.0% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marshall County, you may be able to get a good deal. 54.2% of homes here sold below asking price last month.
Summary: A total of 48 homes were sold or pending in Marshall County in May 2024, the same as the previous month. Of the 48 sold homes, 54% were sold under asking, 38% were sold at asking, and 8% were sold over asking.
Days on Market for Marshall County, TN
How long does it take to sell a home in Marshall County, TN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 21 Days | 47 Days | +117.3% |
Summary: Homes in Marshall County had an average of 47 days on market in May 2024, up by 117.3% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Marshall County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 48 homes were sold in Marshall County; 65% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 21% 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. 
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listings displayed are the property of the Western Kentucky Regional MLS (WKMLS) and provided here for consumer's personal, non-commercial use, and may not be used for any purposes other than to identify prospective properties consumers may be interested in purchasing. Each potential buyer is responsible for conducting his or her own independent inspections,investigations, measurements, inquiries and due diligence concerning the property. Although all information contained herein is believed to be accurate, the Real Estate Broker and the Seller of the property make no warranty or guarantee, actual or implied. Copyright 2024 Western Kentucky Regional MLS, Inc.