$2,494 Closing Credit*
$210,000
3 Beds
•2 Full Baths
Listing Office: MidSouth Residential, LLC
Is Drummonds, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Drummonds was a Neutral Market.
Key Takeaway
Drummonds is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Drummonds, TN
How much do homes in Drummonds, TN cost?
Median Sold Price
$315,500
-
Based on all homes sold in October 2024.
Difference Since Last Month
+$95,600(+43.5%)
Key Takeaway
Homes in Drummonds have sold for 43.5% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $219.9K | $170K | -22.7% |
| 4 Bedrooms | - | $444.2K | N/A |
| 5+ Bedrooms | - | $405K | N/A |
Summary: Drummonds 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 22.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Drummonds | $219.9K | $315.5K | +43.5% |
| Atoka | $310K | $344K | +11.0% |
| Munford | $300K | $275K | -8.3% |
Housing Supply in Drummonds, TN
How many homes are available in Drummonds, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 17 | -5.6% |
Summary: The Drummonds real estate market had 17 homes for sale in October 2024, a 5.6% 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 | 0 | 0.0% |
| 3 Bedrooms | 15 | 13 | -13.3% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Drummonds 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 remained the same, 3 bedroom homes decreased by 13.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Drummonds, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Drummonds in October 2024, up by 66.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Drummonds, TN
We’re sorry, we don't have information for this market at the moment
