Is Overton County, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Overton County is a buyer's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

Overton County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Overton County, TN

How much do homes in Overton County, TN cost?

Median Sold Price

$275,000

$180/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$35,000(+14.6%)

Key Takeaway

Homes in Overton County have sold for 14.6% more than they did a year ago.

Summary: The median home sold price in Overton County was $275,000 in May 2024, up 14.6% from last year, and the median price per square foot was $180.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $210K$226K
+7.6%
2 $182K$180.5K
-0.8%
3 $225K$264.9K
+17.7%
4 $449.9K$475K
+5.6%
5+ $388.4K$570K
+46.7%

Summary: Overton County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.6%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes increased by 17.7%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 46.7%.

Median Sold Price Compared To Nearby Counties

Overton County
+14.6%
Fentress County
+6.7%
Putnam County
+2.9%
Clay County
-2.0%

Housing Supply in Overton County, TN

How many homes are available in Overton County, TN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
6578+20.0%

Summary: The Overton County real estate market had 78 homes for sale in May 2024, a 20.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 98
-11.1%
3 4354
+25.6%
4 1013
+30.0%
5+ 22
0.0%

Summary: The Overton 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 11.1%, 3 bedroom homes increased by 25.6%, 4 bedroom homes increased by 30%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
911+22.2%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Overton County, expect to pay close to the asking price. 63.6% of homes here sold near the asking price last month.

Summary: A total of 11 homes were sold or pending in Overton County in May 2024, up by 22.2% month-over-month. Of the 11 sold homes, 27% were sold under asking, 64% were sold at asking, and 9% were sold over asking.

Days on Market for Overton County, TN

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

Average Sale Time

May 2023May 2024CHANGE
35 Days64 Days+79.7%

Summary: Homes in Overton County had an average of 64 days on market in May 2024, up by 79.7% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Overton County has remained consistent over time.

Summary: During May 2024, 11 homes were sold in Overton County; 36% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 18% 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

Newest Listings in Overton County, TN

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