$1,899 Closing Credit*
$159,900
3 Beds
•2 Full Baths
Listing Office: Unique Properties
Is Ripley, 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, Ripley was a Seller's Market.
Key Takeaway
Ripley is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ripley, TN
How much do homes in Ripley, TN cost?
Median Sold Price
$70,000
-
Based on all homes sold in November 2024.
Difference Since Last Month
-$119,900(-63.1%)
Key Takeaway
Homes in Ripley have sold for 63.1% less than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $22.5K | $52.2K | +132.2% |
| 3 Bedrooms | $209.4K | $70K | -66.6% |
| 4 Bedrooms | $180K | - | N/A |
| 5+ Bedrooms | $318K | - | N/A |
Summary: Ripley 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 increased by 132.2%, 3 bedroom homes decreased by 66.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Ripley | $189.9K | $70K | -63.1% |
| Henning | $191.3K | $38.5K | -79.9% |
Housing Supply in Ripley, TN
How many homes are available in Ripley, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 41 | 46 | +12.2% |
Summary: The Ripley real estate market had 46 homes for sale in November 2024, a 12.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 18 | 26 | +44.4% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Ripley 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 decreased by 11.1%, 3 bedroom homes increased by 44.4%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 3 | -66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ripley, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Ripley in November 2024, down by 66.7% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Ripley, 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.