$4,453 Closing Credit*
$375,000
1,726 SqFt
3 Beds
•2 Full Baths
Chesney R Luttrell, Listing Office: John Smith Jr Realty and Auction LLC
Is Decherd, 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, Decherd has remained a Buyer's Market.
Key Takeaway
Decherd is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Decherd, TN
How much do homes in Decherd, TN cost?
Median Sold Price
$280,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$6,100(+2.2%)
Key Takeaway
Homes in Decherd have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in Decherd was $280,000 in November 2024, up 2.2% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | $87.5K | -27.1% |
| 2 Bedrooms | $180K | $178.4K | -0.9% |
| 3 Bedrooms | $289.9K | $279.9K | -3.5% |
| 4 Bedrooms | $299.9K | $314.9K | +5.0% |
| 5+ Bedrooms | $225K | $390K | +73.3% |
Summary: Decherd housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.1%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 73.3%.
Median Sold Price Compared To Nearby Cities
| Estill Springs | $261K | $310.5K | +19.0% |
| Winchester | $367K | $386.2K | +5.2% |
| Decherd | $273.9K | $280K | +2.2% |
Housing Supply in Decherd, TN
How many homes are available in Decherd, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 44 | +15.8% |
Summary: The Decherd real estate market had 44 homes for sale in November 2024, a 15.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 24 | 28 | +16.7% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Decherd 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 remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Decherd, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Decherd in November 2024, up by 300.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Decherd, TN
How long does it take to sell a home in Decherd, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 46 Days | +73.1% |
Summary: Homes in Decherd had an average of 46 days on market in Nov 2024, up by 73.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Decherd are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Decherd; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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. 
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