Is Sequatchie 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, Sequatchie County was a Seller's Market.
Housing Prices in Sequatchie County, TN
How much do homes in Sequatchie County, TN cost?
Median Sold Price
$259,900
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Sequatchie County was $259,900 in May 2024, down 1% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $78K | $243K | +211.5% |
2 Bedrooms | $135K | $207K | +53.3% |
3 Bedrooms | $265K | $251.5K | -5.1% |
4 Bedrooms | $374.5K | $423.5K | +13.1% |
5+ Bedrooms | $682K | $386.7K | -43.3% |
Summary: Sequatchie County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 211.5%, 2 bedroom homes increased by 53.3%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes decreased by 43.3%.
Median Sold Price Compared To Nearby Counties
Marion County | $232K | $290K | +25.0% |
Grundy County | $290K | $325K | +12.1% |
Hamilton County | $350K | $359.5K | +2.7% |
Sequatchie County | $262.5K | $259.9K | -1.0% |
Bledsoe County | $252.5K | $220K | -12.9% |
Housing Supply in Sequatchie County, TN
How many homes are available in Sequatchie County, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
119 | 127 | +6.7% |
Summary: The Sequatchie County real estate market had 127 homes for sale in May 2024, a 6.7% 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 | 19 | 14 | -26.3% |
3 Bedrooms | 73 | 78 | +6.8% |
4 Bedrooms | 18 | 27 | +50.0% |
5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Sequatchie 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 26.3%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
29 | 9 | -69.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Sequatchie County in May 2024, down by 69.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% were sold over asking.
Days on Market for Sequatchie County, TN
How long does it take to sell a home in Sequatchie County, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
35 Days | 106 Days | +195.5% |
Summary: Homes in Sequatchie County had an average of 106 days on market in May 2024, up by 195.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Sequatchie County; 0% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.