Is Baneberry, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Baneberry is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Baneberry was a Buyer's Market.

Key Takeaway

Baneberry is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Baneberry, TN

How much do homes in Baneberry, TN cost?

Median Sold Price

$520,000

$299/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$1,297,500(-71.4%)

Key Takeaway

Homes in Baneberry have sold for 71.4% less than they did a month ago.

Summary: The median home sold price in Baneberry was $520,000 in November 2024, down 71.4% from last month, and the median price per square foot was $299.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $1.8M$520K
-71.4%
4 --
N/A
5+ --
N/A

Summary: Baneberry housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 71.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Baneberry, TN

How many homes are available in Baneberry, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
126-50.0%

Summary: The Baneberry real estate market had 6 homes for sale in November 2024, a 50.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 31
-66.7%
3 95
-44.4%
4 00
0.0%
5+ 00
0.0%

Summary: The Baneberry housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes decreased by 44.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Baneberry, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Baneberry in November 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Baneberry, TN

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

Average Sale Time

Oct 2024Nov 2024CHANGE
56 Days58 Days+3.6%

Summary: Homes in Baneberry had an average of 58 days on market in Nov 2024, up by 3.6% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Baneberry has remained consistent over time.

Summary: During November 2024, 1 homes were sold in Baneberry; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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 21 Days Ago

Newest Listings in Baneberry, TN

Nearby Markets to Baneberry, TN