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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Canterbury is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Canterbury was a Seller's Market.

Key Takeaway

Canterbury is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Canterbury, TN

How much do homes in Canterbury, TN cost?

Median Sold Price

$200,000

$156/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

-$80,000(-28.6%)

Key Takeaway

Homes in Canterbury have sold for 28.6% less than they did a month ago.

Summary: The median home sold price in Canterbury was $200,000 in September 2024, down 28.6% from last month, and the median price per square foot was $156.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 $302.5K$200K
-33.9%
3 $220K-
N/A
4 --
N/A
5+ --
N/A

Summary: Canterbury housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 33.9%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Canterbury, TN

How many homes are available in Canterbury, TN?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
17170.0%

Summary: The Canterbury real estate market had 17 homes for sale in September 2024, the same as August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 64
-33.3%
3 1113
+18.2%
4 00
0.0%
5+ 00
0.0%

Summary: The Canterbury housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

2 Homes Were 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 Canterbury, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Canterbury in September 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Canterbury, TN

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

Average Sale Time

Aug 2024Sep 2024CHANGE
112 Days126 Days+11.8%

Summary: Homes in Canterbury had an average of 126 days on market in Sep 2024, up by 11.8% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Canterbury are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During September 2024, 2 homes were sold in Canterbury; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 Sep 1, 2024

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