Is Sale Creek, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sale Creek is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Sale Creek was a Seller's Market.

Key Takeaway

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

Housing Prices in Sale Creek, TN

How much do homes in Sale Creek, TN cost?

Median Sold Price

$389,900

$242/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$59,900(+18.2%)

Key Takeaway

Homes in Sale Creek have sold for 18.2% more than they did a year ago.

Summary: The median home sold price in Sale Creek was $389,900 in November 2024, up 18.2% from last year, and the median price per square foot was $242.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $192K$215K
+12.0%
2 $217K$355K
+63.6%
3 $330K$375K
+13.6%
4 $625K$835K
+33.6%
5+ -$995K
N/A

Summary: Sale Creek housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12%, 2 bedroom homes increased by 63.6%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 33.6%, and 5+ bedroom homes did not change.

Housing Supply in Sale Creek, TN

How many homes are available in Sale Creek, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1915-21.1%

Summary: The Sale Creek real estate market had 15 homes for sale in November 2024, a 21.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 74
-42.9%
4 99
0.0%
5+ 00
0.0%

Summary: The Sale Creek 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 33.3%, 3 bedroom homes decreased by 42.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
42-50.0%

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 Sale Creek, 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 Sale Creek in November 2024, down by 50.0% month-over-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 Sale Creek, TN

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

Average Sale Time

Nov 2023Nov 2024CHANGE
161 Days316 Days+96.3%

Summary: Homes in Sale Creek had an average of 316 days on market in Nov 2024, up by 96.3% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Sale Creek are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 2 homes were sold in Sale Creek; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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

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