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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Russellville is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Russellville, TN

How much do homes in Russellville, TN cost?

Median Sold Price

$633,000

$159/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

+$443,000(+233.2%)

Key Takeaway

Homes in Russellville have sold for 233.2% more than they did a month ago.

Summary: The median home sold price in Russellville was $633,000 in May 2024, up 233.2% from last month, and the median price per square foot was $159.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 --
N/A
3 $190K$633K
+233.2%
4 --
N/A
5+ --
N/A

Summary: Russellville housing prices by bedroom type for May 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 increased by 233.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Russellville
+233.2%
Mohawk
+13.9%

Housing Supply in Russellville, TN

How many homes are available in Russellville, TN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
34+33.3%

Summary: The Russellville real estate market had 4 homes for sale in May 2024, a 33.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 11
0.0%
3 23
+50.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Russellville housing inventory by bedroom type for May 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 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was 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 Russellville, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Russellville in May 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Russellville, TN

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

Average Sale Time

Apr 2024May 2024CHANGE
77 Days41 Days-46.8%

Summary: Homes in Russellville had an average of 41 days on market in May 2024, down by 46.8% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Russellville has remained consistent over time.

Summary: During May 2024, 1 homes were sold in Russellville; 0% of homes were sold within 30 days, 100% 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 4 Days Ago

Newest Listings in Russellville, TN

Nearby Markets to Russellville, TN

What housing markets are near Russellville, TN?