Is Macon County, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Macon County is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Macon County, TN

How much do homes in Macon County, TN cost?

Median Sold Price

$267,000

$165/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$11,000(+4.3%)

Key Takeaway

Homes in Macon County have sold for 4.3% more than they did a year ago.

Summary: The median home sold price in Macon County was $267,000 in October 2024, up 4.3% from last year, and the median price per square foot was $165.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $75K$152.5K
+103.3%
2 $157.5K$216.5K
+37.5%
3 $265.2K$270K
+1.8%
4 $352.5K$289.9K
-17.7%
5+ $169.9K$358K
+110.7%

Summary: Macon County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 103.3%, 2 bedroom homes increased by 37.5%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 17.7%, and 5+ bedroom homes increased by 110.7%.

Median Sold Price Compared To Nearby Counties

Smith County
+7.7%
Macon County
+4.3%
Jackson County
-1.0%

Housing Supply in Macon County, TN

How many homes are available in Macon County, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
116141+21.6%

Summary: The Macon County real estate market had 141 homes for sale in October 2024, a 21.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1316
+23.1%
3 86107
+24.4%
4 1111
0.0%
5+ 67
+16.7%

Summary: The Macon County 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 23.1%, 3 bedroom homes increased by 24.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
919+111.1%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Macon County, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Macon County in October 2024, up by 111.1% month-over-month. Of the 15 sold homes, 60% were sold under asking, 27% were sold at asking, and 13% were sold over asking.

Days on Market for Macon County, TN

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

Average Sale Time

Oct 2023Oct 2024CHANGE
42 Days38 Days-9.7%

Summary: Homes in Macon County had an average of 38 days on market in Oct 2024, down by 9.7% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 19 homes were sold in Macon County; 63% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 5% 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 Macon County, TN

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