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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Clarkrange is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Clarkrange was a Buyer's Market.

Key Takeaway

Clarkrange is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Clarkrange, TN

How much do homes in Clarkrange, TN cost?

Median Sold Price

$384,900

$191/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$31,512(+8.9%)

Key Takeaway

Homes in Clarkrange have sold for 8.9% more than they did a month ago.

Summary: The median home sold price in Clarkrange was $384,900 in December 2024, up 8.9% from last month, and the median price per square foot was $191.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 $353.3K$381.9K
+8.1%
4 -$409.9K
N/A
5+ --
N/A

Summary: Clarkrange housing prices by bedroom type for December 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 increased by 8.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Clarkrange, TN

How many homes are available in Clarkrange, TN?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
4237-11.9%

Summary: The Clarkrange real estate market had 37 homes for sale in December 2024, a 11.9% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 22
0.0%
3 2923
-20.7%
4 1112
+9.1%
5+ 00
0.0%

Summary: The Clarkrange housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20.7%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
57+40.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Clarkrange, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Clarkrange in December 2024, up by 40.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 43% were sold at asking, and 0% were sold over asking.

Days on Market for Clarkrange, TN

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

Average Sale Time

Nov 2024Dec 2024CHANGE
58 Days114 Days+96.7%

Summary: Homes in Clarkrange had an average of 114 days on market in Dec 2024, up by 96.7% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 7 homes were sold in Clarkrange; 43% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 57% 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 2 Days Ago

Newest Listings in Clarkrange, TN

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