$174,999
5.06 Acres
Land
Jennifer Phillips, Listing Office: SimpliHOM
Is Cannon County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Cannon County was a Seller's Market.
Key Takeaway
Cannon County 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 Cannon County, TN
How much do homes in Cannon County, TN cost?
Median Sold Price
$317,000
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,000(+1.6%)
Key Takeaway
Homes in Cannon County have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in Cannon County was $317,000 in November 2024, up 1.6% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $163.5K | +5.5% |
| 2 Bedrooms | $204.5K | $239.9K | +17.3% |
| 3 Bedrooms | $320K | $320K | 0.0% |
| 4 Bedrooms | $439.9K | $574.9K | +30.7% |
| 5+ Bedrooms | $700K | $535K | -23.6% |
Summary: Cannon County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.5%, 2 bedroom homes increased by 17.3%, 3 bedroom homes did not change, 4 bedroom homes increased by 30.7%, and 5+ bedroom homes decreased by 23.6%.
Median Sold Price Compared To Nearby Counties
| DeKalb County | $280K | $298.2K | +6.5% |
| Coffee County | $292K | $310K | +6.2% |
| Warren County | $255.4K | $268K | +4.9% |
| Rutherford County | $406.1K | $424.8K | +4.6% |
| Cannon County | $312K | $317K | +1.6% |
Housing Supply in Cannon County, TN
How many homes are available in Cannon County, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 94 | 90 | -4.3% |
Summary: The Cannon County real estate market had 90 homes for sale in November 2024, a 4.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 8 | -11.1% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 61 | 61 | 0.0% |
| 4 Bedrooms | 12 | 9 | -25.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Cannon County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 14 | 0.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cannon County, you may be able to get a good deal. 88.9% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Cannon County in November 2024, the same as the previous month. Of the 9 sold homes, 89% were sold under asking, 11% were sold at asking, and 0% were sold over asking.
Days on Market for Cannon County, TN
How long does it take to sell a home in Cannon County, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 16 Days | -49.3% |
Summary: Homes in Cannon County had an average of 16 days on market in Nov 2024, down by 49.3% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cannon County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in Cannon County; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% 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. 
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