Is Munford, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Munford was a Seller's Market.
Housing Prices in Munford, TN
How much do homes in Munford, TN cost?
Median Sold Price
$292,000
-
Based on all homes sold in the last 12 months.
Difference Since May 2023
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $122K | N/A |
3 Bedrooms | $275.9K | $260.5K | -5.6% |
4 Bedrooms | $323.9K | $351.4K | +8.5% |
5+ Bedrooms | - | $409.7K | N/A |
Summary: Munford housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Atoka | $335.9K | $350K | +4.2% |
Munford | $299.9K | $292K | -2.6% |
Housing Supply in Munford, TN
How many homes are available in Munford, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
62 | 72 | +16.1% |
Summary: The Munford real estate market had 72 homes for sale in May 2024, a 16.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 1 | -66.7% |
3 Bedrooms | 31 | 38 | +22.6% |
4 Bedrooms | 27 | 31 | +14.8% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Munford housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes increased by 22.6%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 12 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Munford in May 2024, the same as the previous month. Of the 12 sold homes, 58% were sold under asking, 25% were sold at asking, and 17% were sold over asking.
Days on Market for Munford, TN
We’re sorry, we don't have information for this market at the moment