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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sumner County is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Sumner County, TN

How much do homes in Sumner County, TN cost?

Median Sold Price

$440,147

$225/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$13,899(+3.3%)

Key Takeaway

Homes in Sumner County have sold for 3.3% more than they did a year ago.

Summary: The median home sold price in Sumner County was $440,147 in May 2024, up 3.3% from last year, and the median price per square foot was $225.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $210K$136K
-35.2%
2 $360.5K$332.5K
-7.8%
3 $383.2K$390K
+1.8%
4 $575K$601.5K
+4.6%
5+ $757.7K$761.9K
+0.6%

Summary: Sumner County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.2%, 2 bedroom homes decreased by 7.8%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 0.6%.

Median Sold Price Compared To Nearby Counties

Wilson County
+6.6%
Sumner County
+3.3%
Robertson County
+2.8%
Davidson County
+2.6%

Housing Supply in Sumner County, TN

How many homes are available in Sumner County, TN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1,0581,185+12.0%

Summary: The Sumner County real estate market had 1,185 homes for sale in May 2024, a 12.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 12
+100.0%
2 8199
+22.2%
3 573622
+8.6%
4 333375
+12.6%
5+ 7087
+24.3%

Summary: The Sumner County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes increased by 24.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2412410.0%

Asking Price vs. Sold Price

99 Homes Were Sold
Under Asking

89 Homes Were Sold
At Asking

51 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sumner County, you may be able to get a good deal. 41.4% of homes here sold below asking price last month.

Summary: A total of 241 homes were sold or pending in Sumner County in May 2024, the same as the previous month. Of the 239 sold homes, 41% were sold under asking, 37% were sold at asking, and 21% were sold over asking.

Days on Market for Sumner County, TN

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

Average Sale Time

May 2023May 2024CHANGE
25 Days25 Days-3.2%

Summary: Homes in Sumner County had an average of 25 days on market in May 2024, down by 3.2% compared to last year.

Breakdown of Home Sale Times

178 Homes Were Sold
Under 30 Days

45 Homes Were Sold
In 30 - 90 Days

17 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 241 homes were sold in Sumner County; 74% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 7% 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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