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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing McNairy County is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in McNairy County, TN

How much do homes in McNairy County, TN cost?

Median Sold Price

$165,000

$115/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$43,500(-20.9%)

Key Takeaway

Homes in McNairy County have sold for 20.9% less than they did a year ago.

Summary: The median home sold price in McNairy County was $165,000 in October 2024, down 20.9% from last year, and the median price per square foot was $115.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $67K$190K
+183.6%
2 $112.4K$107.9K
-4.0%
3 $220K$163.5K
-25.7%
4 $315K$350K
+11.1%
5+ $356K$211.4K
-40.6%

Summary: McNairy County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 183.6%, 2 bedroom homes decreased by 4%, 3 bedroom homes decreased by 25.7%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 40.6%.

Median Sold Price Compared To Nearby Counties

Hardin County
+16.9%
McNairy County
-20.9%

Housing Supply in McNairy County, TN

How many homes are available in McNairy County, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8694+9.3%

Summary: The McNairy County real estate market had 94 homes for sale in October 2024, a 9.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 44
0.0%
2 2017
-15.0%
3 4754
+14.9%
4 1216
+33.3%
5+ 33
0.0%

Summary: The McNairy 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 decreased by 15%, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1318+38.5%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in McNairy County, you may be able to get a good deal. 72.2% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in McNairy County in October 2024, up by 38.5% month-over-month. Of the 18 sold homes, 72% were sold under asking, 28% were sold at asking, and 0% were sold over asking.

Days on Market for McNairy County, TN

We’re sorry, we don't have information for this market at the moment

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 McNairy County, TN

Nearby Markets to McNairy County, TN

What housing markets are near McNairy County, TN?