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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Maynardville is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Maynardville, TN

How much do homes in Maynardville, TN cost?

Median Sold Price

$296,000

$189/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$1,000(+0.3%)

Key Takeaway

The sold price of homes in Maynardville has remained the same since last year.

Summary: The median home sold price in Maynardville was $296,000 in November 2024, up 0.3% from last year, and the median price per square foot was $189.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$115K
N/A
2 $285K$219.9K
-22.8%
3 $295K$299.4K
+1.5%
4 $309.5K$331.2K
+7.0%
5+ $354K$315.7K
-10.8%

Summary: Maynardville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 22.8%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 7%, and 5+ bedroom homes decreased by 10.8%.

Housing Supply in Maynardville, TN

How many homes are available in Maynardville, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5343-18.9%

Summary: The Maynardville real estate market had 43 homes for sale in November 2024, a 18.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 42
-50.0%
3 3125
-19.4%
4 1111
0.0%
5+ 64
-33.3%

Summary: The Maynardville 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 decreased by 50%, 3 bedroom homes decreased by 19.4%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
135-61.5%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 5 homes were sold or pending in Maynardville in November 2024, down by 61.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.

Days on Market for Maynardville, TN

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

Average Sale Time

Nov 2023Nov 2024CHANGE
80 Days38 Days-53.0%

Summary: Homes in Maynardville had an average of 38 days on market in Nov 2024, down by 53% compared to last year.

Breakdown of Home Sale Times

2 Homes Were 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

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

Summary: During November 2024, 5 homes were sold in Maynardville; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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 21 Days Ago

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