$3,384 Closing Credit*
$285,000
3 Beds
•2 Full Baths, 1 Partial
Listing Office: Real Estate Mart of TN, Inc.
Is Munford, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Munford was a Buyer's Market.
Key Takeaway
Munford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Munford, TN
How much do homes in Munford, TN cost?
Median Sold Price
$275,000
-
Based on all homes sold in October 2024.
Difference Since Last Month
-$25,000(-8.3%)
Key Takeaway
Homes in Munford have sold for 8.3% less than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $280K | $257.5K | -8.0% |
| 4 Bedrooms | $415K | $302.7K | -27.0% |
| 5+ Bedrooms | - | $405K | N/A |
Summary: Munford 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 decreased by 8%, 4 bedroom homes decreased by 27%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Drummonds | $219.9K | $315.5K | +43.5% |
| Atoka | $310K | $344K | +11.0% |
| Munford | $300K | $275K | -8.3% |
Housing Supply in Munford, TN
How many homes are available in Munford, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 43 | 52 | +20.9% |
Summary: The Munford real estate market had 52 homes for sale in October 2024, a 20.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 25 | 32 | +28.0% |
| 4 Bedrooms | 15 | 17 | +13.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Munford 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 28%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 13 | +160.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Munford, expect to pay close to the asking price. 46.2% of homes here sold near the asking price last month.
Summary: A total of 13 homes were sold or pending in Munford in October 2024, up by 160.0% month-over-month. Of the 13 sold homes, 23% were sold under asking, 46% were sold at asking, and 31% were sold over asking.
Days on Market for Munford, TN
We’re sorry, we don't have information for this market at the moment
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.