$5,641 Closing Credit*
$475,000
1,672 SqFt
3 Beds
•2 Full Baths
Kimberly Peete, Listing Office: Keller Williams Russell Realty & Auction
Is Lewisburg, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Lewisburg was a Seller's Market.
Key Takeaway
Lewisburg is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lewisburg, TN
How much do homes in Lewisburg, TN cost?
Median Sold Price
$283,250
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$6,250(+2.3%)
Key Takeaway
Homes in Lewisburg have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in Lewisburg was $283,250 in November 2024, up 2.3% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | $212.5K | +93.2% |
| 2 Bedrooms | $150K | $175K | +16.7% |
| 3 Bedrooms | $275K | $282.5K | +2.7% |
| 4 Bedrooms | $349.9K | $397K | +13.5% |
| 5+ Bedrooms | $330K | $460K | +39.4% |
Summary: Lewisburg housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 93.2%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 39.4%.
Housing Supply in Lewisburg, TN
How many homes are available in Lewisburg, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 136 | 142 | +4.4% |
Summary: The Lewisburg real estate market had 142 homes for sale in November 2024, a 4.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 10 | 11 | +10.0% |
| 3 Bedrooms | 103 | 109 | +5.8% |
| 4 Bedrooms | 17 | 16 | -5.9% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Lewisburg housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 5.8%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 9 | -57.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lewisburg, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Lewisburg in November 2024, down by 57.1% month-over-month. Of the 9 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 36 Days | +49.9% |
Summary: Homes in Lewisburg had an average of 36 days on market in Nov 2024, up by 49.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lewisburg are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in Lewisburg; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% 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.