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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lyles is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, Lyles has remained a Seller's Market.

Key Takeaway

Lyles is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Lyles, TN

How much do homes in Lyles, TN cost?

Median Sold Price

$329,950

$221/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$3,450(+1.1%)

Key Takeaway

Homes in Lyles have sold for 1.1% more than they did a year ago.

Summary: The median home sold price in Lyles was $329,950 in December 2024, up 1.1% from last year, and the median price per square foot was $221.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $240K$260.5K
+8.5%
2 $297.4K$264.9K
-10.9%
3 $326.5K$329.9K
+1.0%
4 $392K$435K
+11.0%
5+ $325K$390K
+20.0%

Summary: Lyles housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.5%, 2 bedroom homes decreased by 10.9%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 20%.

Median Sold Price Compared To Nearby Cities

Nunnelly
+31.7%
Bon Aqua
+11.3%
Lyles
+1.1%
Primm Springs
-37.9%

Housing Supply in Lyles, TN

How many homes are available in Lyles, TN?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
16160.0%

Summary: The Lyles real estate market had 16 homes for sale in December 2024, the same as November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 22
0.0%
2 11
0.0%
3 1010
0.0%
4 11
0.0%
5+ 22
0.0%

Summary: The Lyles housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lyles, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Lyles in December 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Lyles, TN

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

Average Sale Time

Dec 2023Dec 2024CHANGE
16 Days73 Days+347.0%

Summary: Homes in Lyles had an average of 73 days on market in Dec 2024, up by 347% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Lyles has remained consistent over time.

Summary: During December 2024, 4 homes were sold in Lyles; 25% of homes were sold within 30 days, 50% 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 4 Days Ago

Newest Listings in Lyles, TN

Nearby Markets to Lyles, TN

What housing markets are near Lyles, TN?