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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Meigs County is a neutral's market

Buyer's
Market

Difference Since December 2023

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

Key Takeaway

Meigs County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Meigs County, TN

How much do homes in Meigs County, TN cost?

Median Sold Price

$400,000

$208/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$70,100(+21.2%)

Key Takeaway

Homes in Meigs County have sold for 21.2% more than they did a year ago.

Summary: The median home sold price in Meigs County was $400,000 in December 2024, up 21.2% from last year, and the median price per square foot was $208.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $209.9K$153.6K
-26.8%
2 $186.5K$235K
+26.0%
3 $325K$389.9K
+20.0%
4 $464.9K$800K
+72.1%
5+ $615K$850K
+38.2%

Summary: Meigs County housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.8%, 2 bedroom homes increased by 26%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 72.1%, and 5+ bedroom homes increased by 38.2%.

Median Sold Price Compared To Nearby Counties

Meigs County
+21.2%
Bradley County
+6.8%
Hamilton County
+6.4%
Rhea County
+4.3%
McMinn County
+2.0%

Housing Supply in Meigs County, TN

How many homes are available in Meigs County, TN?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
120102-15.0%

Summary: The Meigs County real estate market had 102 homes for sale in December 2024, a 15.0% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 1712
-29.4%
3 7467
-9.5%
4 2216
-27.3%
5+ 66
0.0%

Summary: The Meigs County 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 decreased by 29.4%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
2915-48.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Meigs County, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Meigs County in December 2024, down by 48.3% month-over-month. Of the 15 sold homes, 47% were sold under asking, 33% were sold at asking, and 20% were sold over asking.

Days on Market for Meigs County, TN

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

Average Sale Time

Dec 2023Dec 2024CHANGE
37 Days57 Days+51.4%

Summary: Homes in Meigs County had an average of 57 days on market in Dec 2024, up by 51.4% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

5 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 Meigs County has remained consistent over time.

Summary: During December 2024, 15 homes were sold in Meigs County; 27% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 7% 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 Meigs County, TN

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