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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Piperton is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Piperton was a Buyer's Market.

Key Takeaway

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

Housing Prices in Piperton, TN

How much do homes in Piperton, TN cost?

Median Sold Price

$673,273

-

Based on all homes sold in October 2024.

Difference Since Last Month

+$20,773(+3.2%)

Key Takeaway

Homes in Piperton have sold for 3.2% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 -$537.5K
N/A
4 $652.5K$673.2K
+3.2%
5+ -$2.9M
N/A

Summary: Piperton 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 increased by 3.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Rossville
+9.5%
Piperton
+3.2%
Collierville
-1.4%

Housing Supply in Piperton, TN

How many homes are available in Piperton, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2632+23.1%

Summary: The Piperton real estate market had 32 homes for sale in October 2024, a 23.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 57
+40.0%
4 1414
0.0%
5+ 711
+57.1%

Summary: The Piperton 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 40%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 57.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
26+200.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was 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. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Piperton in October 2024, up by 200.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% 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 16 Days Ago

Newest Listings in Piperton, TN

Nearby Markets to Piperton, TN

What housing markets are near Piperton, TN?