Is Warren 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, Warren County has remained a Seller's Market.
Housing Prices in Warren County, TN
How much do homes in Warren County, TN cost?
Median Sold Price
$260,000
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Warren County was $260,000 in May 2024, up 4% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150K | $169.9K | +13.3% |
2 Bedrooms | $171.7K | $180K | +4.8% |
3 Bedrooms | $250.7K | $264.9K | +5.7% |
4 Bedrooms | $295K | $296.9K | +0.7% |
5+ Bedrooms | $439.9K | $557.5K | +26.7% |
Summary: Warren County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.3%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 26.7%.
Median Sold Price Compared To Nearby Counties
Van Buren County | $205K | $320K | +56.1% |
White County | $250K | $275K | +10.0% |
Cannon County | $292.5K | $315K | +7.7% |
DeKalb County | $270K | $290K | +7.4% |
Warren County | $249.9K | $260K | +4.0% |
Housing Supply in Warren County, TN
How many homes are available in Warren County, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
256 | 280 | +9.4% |
Summary: The Warren County real estate market had 280 homes for sale in May 2024, a 9.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 29 | 29 | 0.0% |
3 Bedrooms | 176 | 197 | +11.9% |
4 Bedrooms | 45 | 44 | -2.2% |
5+ Bedrooms | 4 | 8 | +100.0% |
Summary: The Warren 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 increased by 11.9%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
45 | 47 | +4.4% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 47 homes were sold or pending in Warren County in May 2024, up by 4.4% month-over-month. Of the 45 sold homes, 58% were sold under asking, 9% were sold at asking, and 33% were sold over asking.
Days on Market for Warren County, TN
How long does it take to sell a home in Warren County, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
45 Days | 36 Days | -20.9% |
Summary: Homes in Warren County had an average of 36 days on market in May 2024, down by 20.9% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 47 homes were sold in Warren County; 55% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.