Is Overton 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, Overton County was a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | $226K | +7.6% |
2 Bedrooms | $182K | $180.5K | -0.8% |
3 Bedrooms | $225K | $264.9K | +17.7% |
4 Bedrooms | $449.9K | $475K | +5.6% |
5+ Bedrooms | $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 | $240K | $275K | +14.6% |
Fentress County | $239.4K | $255.5K | +6.7% |
Putnam County | $320K | $329.3K | +2.9% |
Clay County | $250K | $245K | -2.0% |
Housing Supply in Overton County, TN
How many homes are available in Overton County, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
65 | 78 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 9 | 8 | -11.1% |
3 Bedrooms | 43 | 54 | +25.6% |
4 Bedrooms | 10 | 13 | +30.0% |
5+ Bedrooms | 2 | 2 | 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 2024 | May 2024 | CHANGE |
---|---|---|
9 | 11 | +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
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 2023 | May 2024 | CHANGE |
---|---|---|
35 Days | 64 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
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.