$3,859 Closing Credit*
$325,000
2,462 SqFt
4 Beds
•2 Full Baths, 1 Partial
Susan B. Holmes, Listing Office: University Realty
Is Cowan, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Cowan was a Buyer'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
$182,400
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$29,550(-13.9%)
Key Takeaway
Homes in Cowan have sold for 13.9% less than they did a year ago.
Summary: The median home sold price in Cowan was $182,400 in November 2024, down 13.9% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $62K | - | N/A |
| 2 Bedrooms | $199.9K | $110K | -45.0% |
| 3 Bedrooms | $212K | $182K | -14.2% |
| 4 Bedrooms | $240K | $234.9K | -2.1% |
| 5+ Bedrooms | - | $440K | N/A |
Summary: Cowan housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 45%, 3 bedroom homes decreased by 14.2%, 4 bedroom homes decreased by 2.1%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Summary: The Cowan real estate market had 9 homes for sale in November 2024, a 18.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 9 | 6 | -33.3% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Cowan housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cowan, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Cowan in November 2024, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 26 Days | +62.5% |
Summary: Homes in Cowan had an average of 26 days on market in Nov 2024, up by 62.5% 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
Key Takeaway
Many homes in Cowan are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Cowan; 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.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.