Is Sumner County, 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, Sumner County has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | $136K | -35.2% |
2 Bedrooms | $360.5K | $332.5K | -7.8% |
3 Bedrooms | $383.2K | $390K | +1.8% |
4 Bedrooms | $575K | $601.5K | +4.6% |
5+ Bedrooms | $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 | $448.5K | $478.2K | +6.6% |
Sumner County | $426.2K | $440.1K | +3.3% |
Robertson County | $379.4K | $389.9K | +2.8% |
Davidson County | $449.6K | $461.5K | +2.6% |
Housing Supply in Sumner County, TN
How many homes are available in Sumner County, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1,058 | 1,185 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 81 | 99 | +22.2% |
3 Bedrooms | 573 | 622 | +8.6% |
4 Bedrooms | 333 | 375 | +12.6% |
5+ Bedrooms | 70 | 87 | +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 2024 | May 2024 | CHANGE |
---|---|---|
241 | 241 | 0.0% |
Asking Price vs. Sold Price
99 Homes Were Sold
Under Asking
89 Homes Were Sold
At Asking
51 Homes Were Sold
Over Asking
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 2023 | May 2024 | CHANGE |
---|---|---|
25 Days | 25 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
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.