$5,105 Closing Credit*
$429,900
1,800 SqFt
3 Beds
•2 Full Baths
Blake Eldridge, Listing Office: Reliant Realty ERA Powered
Is Coffee County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Coffee County was a Seller's Market.
Key Takeaway
Coffee County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Coffee County, TN
How much do homes in Coffee County, TN cost?
Median Sold Price
$310,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,600(+6.7%)
Key Takeaway
Homes in Coffee County have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in Coffee County was $310,000 in October 2024, up 6.7% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $127.5K | -29.2% |
| 2 Bedrooms | $195K | $189.9K | -2.6% |
| 3 Bedrooms | $287.6K | $304.9K | +6.0% |
| 4 Bedrooms | $400K | $390K | -2.5% |
| 5+ Bedrooms | $382K | $516.4K | +35.2% |
Summary: Coffee County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.2%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes increased by 6%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 35.2%.
Median Sold Price Compared To Nearby Counties
| Coffee County | $290.4K | $310K | +6.7% |
| Franklin County | $294.8K | $309.5K | +5.0% |
| Bedford County | $305K | $319.9K | +4.9% |
| Grundy County | $288.7K | $290K | 0.4% |
Housing Supply in Coffee County, TN
How many homes are available in Coffee County, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 389 | 425 | +9.3% |
Summary: The Coffee County real estate market had 425 homes for sale in October 2024, a 9.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 7 | -12.5% |
| 2 Bedrooms | 29 | 26 | -10.3% |
| 3 Bedrooms | 262 | 296 | +13.0% |
| 4 Bedrooms | 76 | 80 | +5.3% |
| 5+ Bedrooms | 14 | 16 | +14.3% |
Summary: The Coffee County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes decreased by 10.3%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 68 | 58 | -14.7% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Coffee County, expect to pay close to the asking price. 41.1% of homes here sold near the asking price last month.
Summary: A total of 58 homes were sold or pending in Coffee County in October 2024, down by 14.7% month-over-month. Of the 56 sold homes, 39% were sold under asking, 41% were sold at asking, and 20% were sold over asking.
Days on Market for Coffee County, TN
How long does it take to sell a home in Coffee County, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 32 Days | +50.2% |
Summary: Homes in Coffee County had an average of 32 days on market in Oct 2024, up by 50.2% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Coffee County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 58 homes were sold in Coffee County; 62% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
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