$55,000
3.11 Acres
Land
David Dancy, Listing Office: Mossy Oak Properties Land Sales LLC
Is Monteagle, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Monteagle has remained a Buyer'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
$272,200
$194/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$257,790(-48.6%)
Key Takeaway
Homes in Monteagle have sold for 48.6% less than they did a month ago.
Summary: The median home sold price in Monteagle was $272,200 in October 2024, down 48.6% from last month, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $189.5K | N/A |
| 3 Bedrooms | - | $354.9K | N/A |
| 4 Bedrooms | $529.9K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Monteagle housing prices by bedroom type for October 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Sewanee | $810K | $630K | -22.2% |
| Monteagle | $529.9K | $272.2K | -48.6% |
| Monteagle | $529.9K | $272.2K | -48.6% |
Housing Supply in Monteagle, TN
How many homes are available in Monteagle, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 | 42 | +20.0% |
Summary: The Monteagle real estate market had 42 homes for sale in October 2024, a 20.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 8 | 12 | +50.0% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Monteagle 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 remained the same, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Monteagle, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Monteagle in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 91 Days | 8 Days | -90.7% |
Summary: Homes in Monteagle had an average of 8 days on market in Oct 2024, down by 90.7% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Monteagle are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Monteagle; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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.