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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Stewart County is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Stewart County has remained a Seller's Market.

Key Takeaway

Stewart County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Stewart County, TN

How much do homes in Stewart County, TN cost?

Median Sold Price

$260,000

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$15,000(-5.5%)

Key Takeaway

Homes in Stewart County have sold for 5.5% less than they did a year ago.

Summary: The median home sold price in Stewart County was $260,000 in May 2024, down 5.5% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $152.5K$225K
+47.5%
2 $194.5K$170K
-12.6%
3 $262.5K$267K
+1.7%
4 $375K$450K
+20.0%
5+ $380K$607.4K
+59.9%

Summary: Stewart County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.5%, 2 bedroom homes decreased by 12.6%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 59.9%.

Median Sold Price Compared To Nearby Counties

Trigg County
+8.3%
Calloway County
+5.9%
Houston County
+5.8%
Stewart County
-5.5%

Housing Supply in Stewart County, TN

How many homes are available in Stewart County, TN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
6966-4.3%

Summary: The Stewart County real estate market had 66 homes for sale in May 2024, a 4.3% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 20
-100.0%
2 1011
+10.0%
3 3736
-2.7%
4 1516
+6.7%
5+ 53
-40.0%

Summary: The Stewart 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 increased by 10%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1012+20.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Stewart County, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Stewart County in May 2024, up by 20.0% month-over-month. Of the 12 sold homes, 67% were sold under asking, 25% were sold at asking, and 8% were sold over asking.

Days on Market for Stewart County, TN

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

Average Sale Time

May 2023May 2024CHANGE
12 Days43 Days+258.3%

Summary: Homes in Stewart County had an average of 43 days on market in May 2024, up by 258.3% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Stewart County are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 12 homes were sold in Stewart County; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% 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

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MLS Disclaimers and Copyright

Based on information from RealTracs Middle Tennessee Regional MLS for the period 06/01/2022 - 06/01/2024

IDX Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX© 2024 of the REALTRACS MLS. All rights Reserved.

The data relating to this real estate for sale on this websites comes in part courtesy of the IDX program of the REALTRACS MLS. Real estate listings held by brokerage firms other than this broker are marked with the REALTRACS IDX Logo. REALTRACS and this broker deem all information reliable but not guaranteed, and should be independently verified. REALTRACS and this broker assume no responsibility for typographical errors, misprints or misinformation.

REALTRACS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/1/2024, 10:18:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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