$5,094 Closing Credit*
$429,000
2,220 SqFt
3 Beds
•2 Full Baths, 1 Partial
Gina Old, Listing Office: RE/MAX PROS
Is Leoma, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Leoma has remained a Buyer's Market.
Key Takeaway
Leoma is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Leoma, TN
How much do homes in Leoma, TN cost?
Median Sold Price
$264,250
$198/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$4,250(+1.6%)
Key Takeaway
Homes in Leoma have sold for 1.6% more than they did a month ago.
Summary: The median home sold price in Leoma was $264,250 in October 2024, up 1.6% from last month, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $285K | $264.2K | -7.3% |
| 4 Bedrooms | $229.9K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Leoma 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 did not change, 3 bedroom homes decreased by 7.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Leoma | $260K | $264.2K | +1.6% |
| Five Points | $935K | $239K | -74.4% |
Housing Supply in Leoma, TN
How many homes are available in Leoma, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 30 | +15.4% |
Summary: The Leoma real estate market had 30 homes for sale in October 2024, a 15.4% 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 | 1 | 3 | +200.0% |
| 3 Bedrooms | 22 | 23 | +4.5% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Leoma 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 200%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Leoma, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Leoma in October 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Leoma, TN
How long does it take to sell a home in Leoma, TN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 43 Days | +70.1% |
Summary: Homes in Leoma had an average of 43 days on market in Oct 2024, up by 70.1% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Leoma has remained consistent over time.
Summary: During October 2024, 3 homes were sold in Leoma; 0% of homes were sold within 30 days, 100% 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.