$4,144 Closing Credit*
$349,000
1,996 SqFt
3 Beds
•2 Full Baths
Listing Office: Keller Williams Realty
Is Lakesite, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Lakesite has remained a Seller's Market.
Key Takeaway
Lakesite is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lakesite, TN
How much do homes in Lakesite, TN cost?
Median Sold Price
$400,000
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,500(+1.4%)
Key Takeaway
Homes in Lakesite have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in Lakesite was $400,000 in October 2024, up 1.4% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $400K | - | N/A |
| 3 Bedrooms | $385K | $335K | -13.0% |
| 4 Bedrooms | $420K | $445K | +6.0% |
| 5+ Bedrooms | $443.7K | $3.5M | +707.9% |
Summary: Lakesite housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 13%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 707.9%.
Housing Supply in Lakesite, TN
How many homes are available in Lakesite, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Summary: The Lakesite real estate market had 10 homes for sale in October 2024, a 25.0% increase 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 | 1 | +100.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Lakesite 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lakesite, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Lakesite in October 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Lakesite, TN
How long does it take to sell a home in Lakesite, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 62 Days | +244.4% |
Summary: Homes in Lakesite had an average of 62 days on market in Oct 2024, up by 244.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lakesite has remained consistent over time.
Summary: During October 2024, 2 homes were sold in Lakesite; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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.