$2,494 Closing Credit*
$210,000
1 Bed
•1 Full Bath
Listing Office: The Firm
Is Downtown, 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, Downtown has remained a Buyer's Market.
Key Takeaway
Downtown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Downtown, TN
How much do homes in Downtown, TN cost?
Median Sold Price
$296,000
-
Based on all homes sold in October 2024.
Difference Since Last Month
+$80,350(+37.3%)
Key Takeaway
Homes in Downtown have sold for 37.3% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $209K | $112K | -46.4% |
| 2 Bedrooms | $415K | $296K | -28.7% |
| 3 Bedrooms | $354.5K | - | N/A |
| 4 Bedrooms | - | $915K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Downtown housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 46.4%, 2 bedroom homes decreased by 28.7%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Harbortown / Mud Island | $265K | $380K | +43.4% |
| Downtown | $215.6K | $296K | +37.3% |
Housing Supply in Downtown, TN
How many homes are available in Downtown, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 73 | 83 | +13.7% |
Summary: The Downtown real estate market had 83 homes for sale in October 2024, a 13.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 15 | +7.1% |
| 2 Bedrooms | 40 | 46 | +15.0% |
| 3 Bedrooms | 15 | 17 | +13.3% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Downtown housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
5 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 Downtown, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Downtown in October 2024, down by 25.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.
Days on Market for Downtown, TN
We’re sorry, we don't have information for this market at the moment
