$4,216 Closing Credit*
$355,000
1,404 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: The Real Estate Collective Sparta
Is Baxter, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Baxter has remained a Seller's Market.
Key Takeaway
Baxter is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Baxter, TN
How much do homes in Baxter, TN cost?
Median Sold Price
$281,995
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$19,005(-6.3%)
Key Takeaway
Homes in Baxter have sold for 6.3% less than they did a year ago.
Summary: The median home sold price in Baxter was $281,995 in November 2024, down 6.3% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $179.9K | N/A |
| 2 Bedrooms | $240K | $178K | -25.8% |
| 3 Bedrooms | $297.5K | $275.4K | -7.4% |
| 4 Bedrooms | $568.4K | $380K | -33.2% |
| 5+ Bedrooms | $407.4K | $390K | -4.3% |
Summary: Baxter housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 25.8%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes decreased by 33.2%, and 5+ bedroom homes decreased by 4.3%.
Housing Supply in Baxter, TN
How many homes are available in Baxter, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 63 | 64 | +1.6% |
Summary: The Baxter real estate market had 64 homes for sale in November 2024, a 1.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 42 | 43 | +2.4% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Baxter 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 remained the same, 3 bedroom homes increased by 2.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 11 | +120.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Baxter, expect to pay close to the asking price. 54.5% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in Baxter in November 2024, up by 120.0% month-over-month. Of the 11 sold homes, 45% were sold under asking, 55% were sold at asking, and 0% were sold over asking.
Days on Market for Baxter, TN
How long does it take to sell a home in Baxter, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 45 Days | 83 Days | +84.0% |
Summary: Homes in Baxter had an average of 83 days on market in Nov 2024, up by 84% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Baxter are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in Baxter; 55% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
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