Is Van Buren 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, Van Buren County has remained a Seller's Market.
Housing Prices in Van Buren County, TN
How much do homes in Van Buren County, TN cost?
Median Sold Price
$320,000
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Van Buren County was $320,000 in May 2024, up 56.1% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | - | N/A |
2 Bedrooms | $240K | $200K | -16.7% |
3 Bedrooms | $188.5K | $300K | +59.2% |
4 Bedrooms | $235K | $644.5K | +174.3% |
5+ Bedrooms | $430K | - | N/A |
Summary: Van Buren 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 decreased by 16.7%, 3 bedroom homes increased by 59.2%, 4 bedroom homes increased by 174.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
Van Buren County | $205K | $320K | +56.1% |
White County | $250K | $275K | +10.0% |
Warren County | $249.9K | $260K | +4.0% |
Sequatchie County | $262.5K | $259.9K | -1.0% |
Bledsoe County | $252.5K | $220K | -12.9% |
Housing Supply in Van Buren County, TN
How many homes are available in Van Buren County, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
32 | 28 | -12.5% |
Summary: The Van Buren County real estate market had 28 homes for sale in May 2024, a 12.5% decrease 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 | 9 | 9 | 0.0% |
3 Bedrooms | 15 | 15 | 0.0% |
4 Bedrooms | 6 | 1 | -83.3% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Van Buren 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 remained the same, 4 bedroom homes decreased by 83.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 5 | -28.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Van Buren County in May 2024, down by 28.6% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for Van Buren County, TN
How long does it take to sell a home in Van Buren County, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
35 Days | 60 Days | +70.1% |
Summary: Homes in Van Buren County had an average of 60 days on market in May 2024, up by 70.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Van Buren County; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.