Is Lewisburg, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lewisburg has remained a Seller's Market.
Housing Prices in Lewisburg, TN
How much do homes in Lewisburg, TN cost?
Median Sold Price
$273,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lewisburg was $273,000 in April 2024, up 1.1% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $60K | $135K | +125.0% |
2 Bedrooms | $134.9K | $182.5K | +35.3% |
3 Bedrooms | $275K | $275K | 0.0% |
4 Bedrooms | $327.4K | $345K | +5.4% |
5+ Bedrooms | $585.9K | $350K | -40.3% |
Summary: Lewisburg housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 125%, 2 bedroom homes increased by 35.3%, 3 bedroom homes did not change, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes decreased by 40.3%.
Housing Supply in Lewisburg, TN
How many homes are available in Lewisburg, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
132 | 144 | +9.1% |
Summary: The Lewisburg real estate market had 144 homes for sale in April 2024, a 9.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 9 | 9 | 0.0% |
3 Bedrooms | 98 | 106 | +8.2% |
4 Bedrooms | 19 | 22 | +15.8% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Lewisburg housing inventory by bedroom type for April 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 8.2%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 30 | +30.4% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Lewisburg in April 2024, up by 30.4% month-over-month. Of the 30 sold homes, 37% were sold under asking, 53% were sold at asking, and 10% were sold over asking.
Days on Market for Lewisburg, TN
How long does it take to sell a home in Lewisburg, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 40 Days | +65.6% |
Summary: Homes in Lewisburg had an average of 40 days on market in Apr 2024, up by 65.6% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 30 homes were sold in Lewisburg; 60% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.