$5,937 Closing Credit*
$499,990
2,641 SqFt
4 Beds
•2 Full Baths, 1 Partial
Jessamyn Elise Bradley, Listing Office: Century Communities
Is Monteagle, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Monteagle was a Seller's Market.
Key Takeaway
Monteagle is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Monteagle, TN
How much do homes in Monteagle, TN cost?
Median Sold Price
$434,990
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$57,490(+15.2%)
Key Takeaway
Homes in Monteagle have sold for 15.2% more than they did a year ago.
Summary: The median home sold price in Monteagle was $434,990 in November 2024, up 15.2% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $300K | N/A |
| 2 Bedrooms | $270K | $317.7K | +17.7% |
| 3 Bedrooms | $350K | $317.5K | -9.3% |
| 4 Bedrooms | $550K | $594.8K | +8.1% |
| 5+ Bedrooms | $594.9K | $667.4K | +12.2% |
Summary: Monteagle 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 increased by 17.7%, 3 bedroom homes decreased by 9.3%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 12.2%.
Median Sold Price Compared To Nearby Cities
| Monteagle | $430K | $498.1K | +15.9% |
| Monteagle | $377.5K | $434.9K | +15.2% |
| Tracy City | $260K | $255K | -1.9% |
Housing Supply in Monteagle, TN
How many homes are available in Monteagle, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 36 | 42 | +16.7% |
Summary: The Monteagle real estate market had 42 homes for sale in November 2024, a 16.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 11 | 9 | -18.2% |
| 4 Bedrooms | 9 | 13 | +44.4% |
| 5+ Bedrooms | 1 | 5 | +400.0% |
Summary: The Monteagle 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 remained the same, 3 bedroom homes decreased by 18.2%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes increased by 400%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monteagle, 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 Monteagle in November 2024, up by 150.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Monteagle, TN
How long does it take to sell a home in Monteagle, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 45 Days | 49 Days | +8.9% |
Summary: Homes in Monteagle had an average of 49 days on market in Nov 2024, up by 8.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Monteagle has remained consistent over time.
Summary: During November 2024, 5 homes were sold in Monteagle; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.