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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Harriman is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Harriman was a Neutral Market.

Key Takeaway

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

Housing Prices in Harriman, TN

How much do homes in Harriman, TN cost?

Median Sold Price

$245,000

$162/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$34,725(+16.5%)

Key Takeaway

Homes in Harriman have sold for 16.5% more than they did a year ago.

Summary: The median home sold price in Harriman was $245,000 in November 2024, up 16.5% from last year, and the median price per square foot was $162.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $47.5K$58K
+22.1%
2 $159.7K$171K
+7.0%
3 $230K$257.4K
+11.9%
4 $315K$286.9K
-8.9%
5+ $525K$340K
-35.2%

Summary: Harriman housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.1%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 11.9%, 4 bedroom homes decreased by 8.9%, and 5+ bedroom homes decreased by 35.2%.

Median Sold Price Compared To Nearby Cities

Harriman
+16.5%
Rockwood
+4.4%

Housing Supply in Harriman, TN

How many homes are available in Harriman, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8783-4.6%

Summary: The Harriman real estate market had 83 homes for sale in November 2024, a 4.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 44
0.0%
2 2219
-13.6%
3 4643
-6.5%
4 1215
+25.0%
5+ 32
-33.3%

Summary: The Harriman 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 13.6%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1719+11.8%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Harriman, you may be able to get a good deal. 57.9% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Harriman in November 2024, up by 11.8% month-over-month. Of the 19 sold homes, 58% were sold under asking, 16% were sold at asking, and 26% were sold over asking.

Days on Market for Harriman, TN

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

Average Sale Time

Nov 2023Nov 2024CHANGE
19 Days58 Days+198.5%

Summary: Homes in Harriman had an average of 58 days on market in Nov 2024, up by 198.5% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 19 homes were sold in Harriman; 53% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 26% 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 2 Days Ago

Newest Listings in Harriman, TN

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