Is Cheatham County, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cheatham County is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Cheatham County was a Seller's Market.

Key Takeaway

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

Housing Prices in Cheatham County, TN

How much do homes in Cheatham County, TN cost?

Median Sold Price

$400,200

$221/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$31,650(+8.6%)

Key Takeaway

Homes in Cheatham County have sold for 8.6% more than they did a year ago.

Summary: The median home sold price in Cheatham County was $400,200 in November 2024, up 8.6% from last year, and the median price per square foot was $221.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $143K$299.9K
+109.7%
2 $299.9K$303.5K
+1.2%
3 $365K$395.5K
+8.4%
4 $475K$573K
+20.6%
5+ $577.5K$550.8K
-4.6%

Summary: Cheatham County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 109.7%, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 20.6%, and 5+ bedroom homes decreased by 4.6%.

Median Sold Price Compared To Nearby Counties

Cheatham County
+8.6%
Davidson County
+4.8%
Montgomery County
+4.3%
Dickson County
+3.6%
Robertson County
+1.9%

Housing Supply in Cheatham County, TN

How many homes are available in Cheatham County, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
257251-2.3%

Summary: The Cheatham County real estate market had 251 homes for sale in November 2024, a 2.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 43
-25.0%
2 3629
-19.4%
3 168164
-2.4%
4 3938
-2.6%
5+ 1017
+70.0%

Summary: The Cheatham County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 19.4%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 70%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4726-44.7%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cheatham County, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in Cheatham County in November 2024, down by 44.7% month-over-month. Of the 26 sold homes, 69% were sold under asking, 23% were sold at asking, and 8% were sold over asking.

Days on Market for Cheatham County, TN

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

Average Sale Time

Nov 2023Nov 2024CHANGE
36 Days42 Days+17.4%

Summary: Homes in Cheatham County had an average of 42 days on market in Nov 2024, up by 17.4% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Cheatham County are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 26 homes were sold in Cheatham County; 54% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 12% 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 20 Days Ago

Newest Listings in Cheatham County, TN

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