$4,026 Closing Credit*
$339,000
1,808 SqFt
4 Beds
•2 Full Baths
Drew Gaw, Listing Office: Bradford Real Estate
Is Estill Springs, 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, Estill Springs has remained a Seller's Market.
Key Takeaway
Estill Springs is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Estill Springs, TN
How much do homes in Estill Springs, TN cost?
Median Sold Price
$310,500
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$49,500(+19.0%)
Key Takeaway
Homes in Estill Springs have sold for 19% more than they did a year ago.
Summary: The median home sold price in Estill Springs was $310,500 in November 2024, up 19% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | $231K | +15.5% |
| 2 Bedrooms | $196K | $280K | +42.9% |
| 3 Bedrooms | $260K | $300K | +15.4% |
| 4 Bedrooms | $857K | $550K | -35.8% |
| 5+ Bedrooms | $550K | $389.7K | -29.1% |
Summary: Estill Springs housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.5%, 2 bedroom homes increased by 42.9%, 3 bedroom homes increased by 15.4%, 4 bedroom homes decreased by 35.8%, and 5+ bedroom homes decreased by 29.1%.
Housing Supply in Estill Springs, TN
How many homes are available in Estill Springs, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 60 | 59 | -1.7% |
Summary: The Estill Springs real estate market had 59 homes for sale in November 2024, a 1.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 40 | 40 | 0.0% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Estill Springs 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 decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Estill Springs, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.
Summary: A total of 10 homes were sold or pending in Estill Springs in November 2024, down by 9.1% month-over-month. Of the 9 sold homes, 22% were sold under asking, 44% were sold at asking, and 33% were sold over asking.
Days on Market for Estill Springs, TN
How long does it take to sell a home in Estill Springs, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 21 Days | +9.8% |
Summary: Homes in Estill Springs had an average of 21 days on market in Nov 2024, up by 9.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Estill Springs are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in Estill Springs; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% 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.