Is Trousdale 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, Trousdale County has remained a Seller's Market.
Key Takeaway
Trousdale County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Trousdale County, TN
How much do homes in Trousdale County, TN cost?
Median Sold Price
$334,900
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Trousdale County have sold for 11.6% more than they did a year ago.
Summary: The median home sold price in Trousdale County was $334,900 in May 2024, up 11.6% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $240K | N/A |
| 2 Bedrooms | $213K | $260K | +22.1% |
| 3 Bedrooms | $320K | $325K | +1.6% |
| 4 Bedrooms | $253.5K | $365K | +44.0% |
| 5+ Bedrooms | $225K | $882.5K | +292.2% |
Summary: Trousdale County 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 increased by 22.1%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 44%, and 5+ bedroom homes increased by 292.2%.
Median Sold Price Compared To Nearby Counties
| Trousdale County | $300K | $334.9K | +11.6% |
| Wilson County | $448.5K | $478.2K | +6.6% |
| Sumner County | $426.2K | $440.1K | +3.3% |
| Smith County | $291.8K | $299.9K | +2.8% |
| Macon County | $259.4K | $260K | 0.2% |
Housing Supply in Trousdale County, TN
How many homes are available in Trousdale County, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 29 | 32 | +10.3% |
Summary: The Trousdale County real estate market had 32 homes for sale in May 2024, a 10.3% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 21 | 19 | -9.5% |
| 4 Bedrooms | 5 | 10 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Trousdale 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 remained the same, 3 bedroom homes decreased by 9.5%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Trousdale County, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Trousdale County in May 2024, up by 14.3% month-over-month. Of the 8 sold homes, 88% were sold under asking, 0% were sold at asking, and 13% were sold over asking.
Days on Market for Trousdale County, TN
How long does it take to sell a home in Trousdale County, TN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 27 Days | 36 Days | +32.2% |
Summary: Homes in Trousdale County had an average of 36 days on market in May 2024, up by 32.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Trousdale County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Trousdale County; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% 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.