Is Old Fort, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Old Fort is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Old Fort has remained a Seller's Market.

Key Takeaway

Old Fort is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Old Fort, TN

How much do homes in Old Fort, TN cost?

Median Sold Price

$160,000

$144/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$265,000(-62.4%)

Key Takeaway

Homes in Old Fort have sold for 62.4% less than they did a month ago.

Summary: The median home sold price in Old Fort was $160,000 in October 2024, down 62.4% from last month, and the median price per square foot was $144.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$160K
N/A
3 $360K-
N/A
4 $490K-
N/A
5+ --
N/A

Summary: Old Fort 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

Ocoee
-31.1%
Old Fort
-62.4%

Housing Supply in Old Fort, TN

How many homes are available in Old Fort, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
11110.0%

Summary: The Old Fort real estate market had 11 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 33
0.0%
3 76
-14.3%
4 12
+100.0%
5+ 00
0.0%

Summary: The Old Fort 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 decreased by 14.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
220.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Old Fort, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in Old Fort in October 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Old Fort, TN

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

Average Sale Time

Sep 2024Oct 2024CHANGE
67 Days5 Days-92.5%

Summary: Homes in Old Fort had an average of 5 days on market in Oct 2024, down by 92.5% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Old Fort are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in Old Fort; 50% 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.

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 Old Fort, TN

Nearby Markets to Old Fort, TN