Is Pegram, 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, Pegram has remained a Seller's Market.
Key Takeaway
Pegram is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pegram, TN
How much do homes in Pegram, TN cost?
Median Sold Price
$430,000
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Pegram have sold for 7.5% less than they did a year ago.
Summary: The median home sold price in Pegram was $430,000 in May 2024, down 7.5% from last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $392.5K | $324K | -17.5% |
| 3 Bedrooms | $470K | $449K | -4.5% |
| 4 Bedrooms | $474.9K | $455K | -4.2% |
| 5+ Bedrooms | - | $530K | N/A |
Summary: Pegram housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 17.5%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Nashville | $513.9K | $531.4K | +3.4% |
| Kingston Springs | $475K | $475K | 0.0% |
| Pegram | $465K | $430K | -7.5% |
Housing Supply in Pegram, TN
How many homes are available in Pegram, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 22 | +57.1% |
Summary: The Pegram real estate market had 22 homes for sale in May 2024, a 57.1% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 7 | 13 | +85.7% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Pegram 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 remained the same, 3 bedroom homes increased by 85.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 6 | +500.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pegram, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Pegram in May 2024, up by 500.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Pegram, TN
How long does it take to sell a home in Pegram, TN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 12 Days | 13 Days | +13.9% |
Summary: Homes in Pegram had an average of 13 days on market in May 2024, up by 13.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pegram are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Pegram; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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.