Is Henry County, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Henry County is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Henry County has remained a Buyer's Market.

Key Takeaway

Henry County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Henry County, TN

How much do homes in Henry County, TN cost?

Median Sold Price

$182,500

$125/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$167,400(-47.8%)

Key Takeaway

Homes in Henry County have sold for 47.8% less than they did a month ago.

Summary: The median home sold price in Henry County was $182,500 in October 2024, down 47.8% from last month, and the median price per square foot was $125.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $349.9K$325K
-7.1%
3 $289.2K$195K
-32.6%
4 -$170K
N/A
5+ --
N/A

Summary: Henry County 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 decreased by 7.1%, 3 bedroom homes decreased by 32.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Counties

Carroll County
+18.8%
Calloway County
-15.4%
Henry County
-47.8%

Housing Supply in Henry County, TN

How many homes are available in Henry County, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7172+1.4%

Summary: The Henry County real estate market had 72 homes for sale in October 2024, a 1.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 34
+33.3%
2 1413
-7.1%
3 3333
0.0%
4 1112
+9.1%
5+ 1010
0.0%

Summary: The Henry County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes remained the same, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
96-33.3%

Asking Price vs. Sold Price

3 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 Henry County, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Henry County in October 2024, down by 33.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.

Days on Market for Henry County, TN

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

Average Sale Time

Sep 2024Oct 2024CHANGE
35 Days59 Days+67.0%

Summary: Homes in Henry County had an average of 59 days on market in Oct 2024, up by 67% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Henry County has remained consistent over time.

Summary: During October 2024, 6 homes were sold in Henry County; 17% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% 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 20 Days Ago

Newest Listings in Henry County, TN

Nearby Markets to Henry County, TN

What housing markets are near Henry County, TN?