$5,795 Closing Credit*
$488,000
1,264 SqFt
1 Bed
•1 Full Bath
Elizabeth Padgett, Listing Office: Century 21 Prestige Winchester
Is Cowan, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Cowan has remained a Seller's Market.
Key Takeaway
Cowan is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cowan, TN
How much do homes in Cowan, TN cost?
Median Sold Price
$182,000
$170/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$2,000(-1.1%)
Key Takeaway
Homes in Cowan have sold for 1.1% less than they did a month ago.
Summary: The median home sold price in Cowan was $182,000 in October 2024, down 1.1% from last month, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $184K | $178.5K | -3.0% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | $440K | N/A |
Summary: Cowan housing prices by bedroom type for October 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 decreased by 3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Cowan, TN
How many homes are available in Cowan, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 11 | -26.7% |
Summary: The Cowan real estate market had 11 homes for sale in October 2024, a 26.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 14 | 9 | -35.7% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Cowan housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 35.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cowan, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Cowan in October 2024, the same as the previous month. Of the 5 sold homes, 0% were sold under asking, 60% were sold at asking, and 40% were sold over asking.
Days on Market for Cowan, TN
How long does it take to sell a home in Cowan, TN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 176 Days | 190 Days | +8.1% |
Summary: Homes in Cowan had an average of 190 days on market in Oct 2024, up by 8.1% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Cowan are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 5 homes were sold in Cowan; 40% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.