Is Sharps Chapel, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sharps Chapel is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Sharps Chapel has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Sharps Chapel, TN

How much do homes in Sharps Chapel, TN cost?

Median Sold Price

$780,000

$259/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$70,000(-8.2%)

Key Takeaway

Homes in Sharps Chapel have sold for 8.2% less than they did a month ago.

Summary: The median home sold price in Sharps Chapel was $780,000 in November 2024, down 8.2% from last month, and the median price per square foot was $259.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $850K$780K
-8.2%
4 --
N/A
5+ --
N/A

Summary: Sharps Chapel 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 8.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Sharps Chapel, TN

How many homes are available in Sharps Chapel, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1718+5.9%

Summary: The Sharps Chapel real estate market had 18 homes for sale in November 2024, a 5.9% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 911
+22.2%
4 54
-20.0%
5+ 11
0.0%

Summary: The Sharps Chapel 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 increased by 22.2%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

2 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 Sharps Chapel, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Sharps Chapel in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Sharps Chapel, TN

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

Average Sale Time

Oct 2024Nov 2024CHANGE
103 Days24 Days-76.2%

Summary: Homes in Sharps Chapel had an average of 24 days on market in Nov 2024, down by 76.2% compared to last month.

Breakdown of Home Sale Times

1 Home Was 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

Many homes in Sharps Chapel are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in Sharps Chapel; 50% of homes were sold within 30 days, 50% 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 2 Days Ago

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