Is Piperton, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Piperton is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Piperton was a Seller's Market.

Key Takeaway

Piperton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Piperton, TN

How much do homes in Piperton, TN cost?

Median Sold Price

$461,500

-

Based on all homes sold in November 2024.

Difference Since Last Month

-$211,773(-31.5%)

Key Takeaway

Homes in Piperton have sold for 31.5% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $537.5K$358.5K
-33.3%
4 $673.2K$716.5K
+6.4%
5+ $2.9M-
N/A

Summary: Piperton housing prices by bedroom type for November 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 33.3%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Collierville
+1.2%
Rossville
-10.7%
Piperton
-31.5%

Housing Supply in Piperton, TN

How many homes are available in Piperton, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3331-6.1%

Summary: The Piperton real estate market had 31 homes for sale in November 2024, a 6.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 76
-14.3%
4 1515
0.0%
5+ 1110
-9.1%

Summary: The Piperton 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 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 9.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
64-33.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Piperton, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Piperton in November 2024, down by 33.3% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Piperton, TN

We’re sorry, we don't have information for this market at the moment

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 Piperton, TN

Nearby Markets to Piperton, TN

What housing markets are near Piperton, TN?