$7,029 Closing Credit*
$591,888
2,650 SqFt
4 Beds
•2 Full Baths, 1 Partial
Debra Butts, Listing Office: Keller Williams Realty dba Debra Butts & Associate
Is Cumberland Furnace, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Cumberland Furnace has remained a Seller's Market.
Key Takeaway
Cumberland Furnace is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cumberland Furnace, TN
How much do homes in Cumberland Furnace, TN cost?
Median Sold Price
$435,112
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$29,888(-6.4%)
Key Takeaway
Homes in Cumberland Furnace have sold for 6.4% less than they did a year ago.
Summary: The median home sold price in Cumberland Furnace was $435,112 in November 2024, down 6.4% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $299.9K | N/A |
| 2 Bedrooms | $84K | $287K | +241.7% |
| 3 Bedrooms | $454.9K | $435K | -4.4% |
| 4 Bedrooms | $534.9K | $449.9K | -15.9% |
| 5+ Bedrooms | $574.9K | - | N/A |
Summary: Cumberland Furnace 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 increased by 241.7%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes decreased by 15.9%, and 5+ bedroom homes did not change.
Housing Supply in Cumberland Furnace, TN
How many homes are available in Cumberland Furnace, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 12 | +33.3% |
Summary: The Cumberland Furnace real estate market had 12 homes for sale in November 2024, a 33.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Cumberland Furnace housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cumberland Furnace, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Cumberland Furnace in November 2024, up by 100.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.
Days on Market for Cumberland Furnace, TN
How long does it take to sell a home in Cumberland Furnace, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 18 Days | -30.6% |
Summary: Homes in Cumberland Furnace had an average of 18 days on market in Nov 2024, down by 30.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cumberland Furnace are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Cumberland Furnace; 67% of homes were sold within 30 days, 33% 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.