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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mohawk is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Mohawk was a Seller's Market.

Key Takeaway

Mohawk 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 Mohawk, TN

How much do homes in Mohawk, TN cost?

Median Sold Price

$195,000

$132/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$37,500(-16.1%)

Key Takeaway

Homes in Mohawk have sold for 16.1% less than they did a month ago.

Summary: The median home sold price in Mohawk was $195,000 in November 2024, down 16.1% from last month, and the median price per square foot was $132.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $290K-
N/A
3 $175K$195K
+11.4%
4 --
N/A
5+ --
N/A

Summary: Mohawk 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 did not change, 3 bedroom homes increased by 11.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Mohawk, TN

How many homes are available in Mohawk, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
660.0%

Summary: The Mohawk real estate market had 6 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 44
0.0%
4 11
0.0%
5+ 01
+100.0%

Summary: The Mohawk 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 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mohawk, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Mohawk in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Mohawk, TN

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

Average Sale Time

Oct 2024Nov 2024CHANGE
28 Days196 Days+600.0%

Summary: Homes in Mohawk had an average of 196 days on market in Nov 2024, up by 600% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Mohawk are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 1 homes were sold in Mohawk; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 17 Days Ago

Newest Listings in Mohawk, TN

Nearby Markets to Mohawk, TN

What housing markets are near Mohawk, TN?