Is Limestone, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Limestone is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Limestone was a Seller's Market.

Key Takeaway

Limestone is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Limestone, TN

How much do homes in Limestone, TN cost?

Median Sold Price

$268,000

$166/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$7,000(-2.5%)

Key Takeaway

Homes in Limestone have sold for 2.5% less than they did a year ago.

Summary: The median home sold price in Limestone was $268,000 in October 2024, down 2.5% from last year, and the median price per square foot was $166.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $445K-
N/A
2 $180K$262.4K
+45.8%
3 $299.9K$260K
-13.3%
4 $292.5K$316K
+8.0%
5+ -$440K
N/A

Summary: Limestone housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 45.8%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes increased by 8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Fall Branch
+6.5%
Telford
+4.3%
Chuckey
0.0%
Limestone
-2.5%

Housing Supply in Limestone, TN

How many homes are available in Limestone, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2629+11.5%

Summary: The Limestone real estate market had 29 homes for sale in October 2024, a 11.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 38
+166.7%
3 1615
-6.3%
4 43
-25.0%
5+ 33
0.0%

Summary: The Limestone 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 166.7%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Limestone, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Limestone in October 2024, down by 20.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for Limestone, TN

How long does it take to sell a home in Limestone, TN?

Average Sale Time

Oct 2023Oct 2024CHANGE
45 Days46 Days+2.0%

Summary: Homes in Limestone had an average of 46 days on market in Oct 2024, up by 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

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Limestone are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 4 homes were sold in Limestone; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Limestone, TN

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