$2,374 Closing Credit*
$199,900
3 Beds
•1 Full Bath
Listing Office: Lankford Realty Co.
Is Lauderdale County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Lauderdale County was a Neutral Market.
Key Takeaway
Lauderdale County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lauderdale County, TN
How much do homes in Lauderdale County, TN cost?
Median Sold Price
$185,000
$106/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$50,000(+37.0%)
Key Takeaway
Homes in Lauderdale County have sold for 37% more than they did a month ago.
Summary: The median home sold price in Lauderdale County was $185,000 in October 2024, up 37% from last month, and the median price per square foot was $106.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $168K | $70K | -58.3% |
| 3 Bedrooms | $87.5K | $189.9K | +116.9% |
| 4 Bedrooms | $370K | $179K | -51.6% |
| 5+ Bedrooms | - | - | N/A |
Summary: Lauderdale 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 58.3%, 3 bedroom homes increased by 116.9%, 4 bedroom homes decreased by 51.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
| Mississippi County | $107K | $229K | +114.0% |
| Lauderdale County | $135K | $185K | +37.0% |
| Tipton County | $300K | $279.9K | -6.7% |
Housing Supply in Lauderdale County, TN
How many homes are available in Lauderdale County, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 46 | 56 | +21.7% |
Summary: The Lauderdale County real estate market had 56 homes for sale in October 2024, a 21.7% 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 | 7 | 7 | 0.0% |
| 3 Bedrooms | 28 | 34 | +21.4% |
| 4 Bedrooms | 7 | 10 | +42.9% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Lauderdale County 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 remained the same, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 11 | +57.1% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lauderdale County, expect to pay close to the asking price. 72.7% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in Lauderdale County in October 2024, up by 57.1% month-over-month. Of the 11 sold homes, 0% were sold under asking, 73% were sold at asking, and 27% were sold over asking.
Days on Market for Lauderdale County, TN
How long does it take to sell a home in Lauderdale County, TN?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lauderdale County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in Lauderdale County; 9% of homes were sold within 30 days, 0% 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.