$6,234 Closing Credit*
$525,000
2,125 SqFt
4 Beds
•3 Full Baths
THOMAS (TOM) CUNNINGHAM, Listing Office: Nashville Realty Group
Is Leoma, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Leoma was a Seller'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
$259,500
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$15,450(-5.6%)
Key Takeaway
Homes in Leoma have sold for 5.6% less than they did a year ago.
Summary: The median home sold price in Leoma was $259,500 in September 2024, down 5.6% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | - | N/A |
| 2 Bedrooms | $181K | $191.4K | +5.8% |
| 3 Bedrooms | $252.5K | $297.5K | +17.8% |
| 4 Bedrooms | $382K | $250K | -34.6% |
| 5+ Bedrooms | $392K | - | N/A |
Summary: Leoma housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 17.8%, 4 bedroom homes decreased by 34.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Lawrenceburg | $225.4K | $256.5K | +13.8% |
| Leoma | $274.9K | $259.5K | -5.6% |
Housing Supply in Leoma, TN
How many homes are available in Leoma, TN?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 28 | 29 | +3.6% |
Summary: The Leoma real estate market had 29 homes for sale in September 2024, a 3.6% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 25 | 25 | 0.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Leoma housing inventory by bedroom type for September 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 remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were 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 September 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% 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 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 31 Days | 25 Days | -19.2% |
Summary: Homes in Leoma had an average of 25 days on market in Sep 2024, down by 19.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Leoma are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 3 homes were sold in Leoma; 67% of homes were sold within 30 days, 33% 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.