Is Ethridge, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ethridge is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Ethridge was a Buyer's Market.

Key Takeaway

Ethridge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Ethridge, TN

How much do homes in Ethridge, TN cost?

Median Sold Price

$252,250

$197/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$72,250(+40.1%)

Key Takeaway

Homes in Ethridge have sold for 40.1% more than they did a month ago.

Summary: The median home sold price in Ethridge was $252,250 in November 2024, up 40.1% from last month, and the median price per square foot was $197.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $180K-
N/A
2 $235K$229.9K
-2.1%
3 $80K$289.5K
+261.9%
4 -$125K
N/A
5+ --
N/A

Summary: Ethridge housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.1%, 3 bedroom homes increased by 261.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Ethridge, TN

How many homes are available in Ethridge, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2423-4.2%

Summary: The Ethridge real estate market had 23 homes for sale in November 2024, a 4.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 54
-20.0%
3 1212
0.0%
4 33
0.0%
5+ 23
+50.0%

Summary: The Ethridge housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 20%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
36+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ethridge, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Ethridge in November 2024, up by 100.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.

Days on Market for Ethridge, TN

How long does it take to sell a home in Ethridge, TN?

Average Sale Time

Oct 2024Nov 2024CHANGE
23 Days19 Days-15.2%

Summary: Homes in Ethridge had an average of 19 days on market in Nov 2024, down by 15.2% compared to last month.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Ethridge are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 6 homes were sold in Ethridge; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

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