$3,919 Closing Credit*
$330,000
1,533 SqFt
3 Beds
•2 Full Baths
#9974108, Tucker McPherson, Corey McPherson, Listing Office: KW Johnson City
Is Telford, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Telford was a Seller's Market.
Key Takeaway
Telford is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Telford, TN
How much do homes in Telford, TN cost?
Median Sold Price
$342,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$27,000(+8.6%)
Key Takeaway
Homes in Telford have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in Telford was $342,000 in November 2024, up 8.6% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | - | N/A |
| 2 Bedrooms | $122.8K | $153K | +24.5% |
| 3 Bedrooms | $315K | $342K | +8.6% |
| 4 Bedrooms | $253.2K | $325K | +28.3% |
| 5+ Bedrooms | $525K | $362K | -31.0% |
Summary: Telford housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 24.5%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 28.3%, and 5+ bedroom homes decreased by 31%.
Median Sold Price Compared To Nearby Cities
| Limestone | $268K | $299.5K | +11.8% |
| Telford | $315K | $342K | +8.6% |
Housing Supply in Telford, TN
How many homes are available in Telford, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 15 | -11.8% |
Summary: The Telford real estate market had 15 homes for sale in November 2024, a 11.8% decrease 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 | 5 | 5 | 0.0% |
| 3 Bedrooms | 11 | 8 | -27.3% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Telford 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 decreased by 27.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Telford, 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 Telford in November 2024, down by 33.3% 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 Telford, TN
How long does it take to sell a home in Telford, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 48 Days | +71.4% |
Summary: Homes in Telford had an average of 48 days on market in Nov 2024, up by 71.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Telford has remained consistent over time.
Summary: During November 2024, 2 homes were sold in Telford; 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.
