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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cosby is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Cosby, TN

How much do homes in Cosby, TN cost?

Median Sold Price

$260,000

$216/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$40,000(-13.3%)

Key Takeaway

Homes in Cosby have sold for 13.3% less than they did a year ago.

Summary: The median home sold price in Cosby was $260,000 in October 2024, down 13.3% from last year, and the median price per square foot was $216.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $350K$156K
-55.4%
2 $270K$320K
+18.5%
3 $315K$349.9K
+11.1%
4 $220K$306K
+39.1%
5+ -$441.7K
N/A

Summary: Cosby housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 55.4%, 2 bedroom homes increased by 18.5%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 39.1%, and 5+ bedroom homes did not change.

Housing Supply in Cosby, TN

How many homes are available in Cosby, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3634-5.6%

Summary: The Cosby real estate market had 34 homes for sale in October 2024, a 5.6% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 87
-12.5%
2 911
+22.2%
3 108
-20.0%
4 87
-12.5%
5+ 11
0.0%

Summary: The Cosby 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 increased by 22.2%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cosby, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Cosby in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for Cosby, TN

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

Average Sale Time

Oct 2023Oct 2024CHANGE
127 Days20 Days-83.9%

Summary: Homes in Cosby had an average of 20 days on market in Oct 2024, down by 83.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 2 homes were sold in Cosby; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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 14 Days Ago

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