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 buyer's market

Buyer's
Market

Difference Since Last Month

Last month, McNairy County was a Seller's Market.

Key Takeaway

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

Housing Prices in McNairy County, TN

How much do homes in McNairy County, TN cost?

Median Sold Price

$209,900

$75/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$32,600(-13.4%)

Key Takeaway

Homes in McNairy County have sold for 13.4% less than they did a month ago.

Summary: The median home sold price in McNairy County was $209,900 in November 2024, down 13.4% from last month, and the median price per square foot was $75.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $149K$65K
-56.4%
3 $250K$220.5K
-11.8%
4 $388K$695.5K
+79.3%
5+ --
N/A

Summary: McNairy County housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 56.4%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes increased by 79.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Counties

Hardeman County
-8.9%
McNairy County
-13.4%
Chester County
-42.1%

Housing Supply in McNairy County, TN

How many homes are available in McNairy County, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
99103+4.0%

Summary: The McNairy County real estate market had 103 homes for sale in November 2024, a 4.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 45
+25.0%
2 1720
+17.6%
3 5961
+3.4%
4 1614
-12.5%
5+ 33
0.0%

Summary: The McNairy County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
209-55.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 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. 55.6% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in McNairy County in November 2024, down by 55.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.

Days on Market for McNairy County, TN

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

Average Sale Time

Oct 2024Nov 2024CHANGE
87 Days35 Days-59.8%

Summary: Homes in McNairy County had an average of 35 days on market in Nov 2024, down by 59.8% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in McNairy County has remained consistent over time.

Summary: During November 2024, 9 homes were sold in McNairy County; 0% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% 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 McNairy County, TN

Nearby Markets to McNairy County, TN

What housing markets are near McNairy County, TN?