$200,000
7.67 Acres
Land
#9973422, Petra Becker, Listing Office: REMAX Checkmate, Inc. Realtors
Is Telford, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Telford was a Seller's Market.
Key Takeaway
Telford is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Telford, TN
How much do homes in Telford, TN cost?
Median Sold Price
$315,000
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$13,000(+4.3%)
Key Takeaway
Homes in Telford have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in Telford was $315,000 in October 2024, up 4.3% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | - | N/A |
| 2 Bedrooms | $107K | $153K | +43.0% |
| 3 Bedrooms | $315K | $315K | 0.0% |
| 4 Bedrooms | $269K | $325K | +20.8% |
| 5+ Bedrooms | $525K | $362K | -31.0% |
Summary: Telford housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 43%, 3 bedroom homes did not change, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes decreased by 31%.
Median Sold Price Compared To Nearby Cities
| Telford | $302K | $315K | +4.3% |
| Limestone | $275K | $268K | -2.5% |
Housing Supply in Telford, TN
How many homes are available in Telford, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 18 | -10.0% |
Summary: The Telford real estate market had 18 homes for sale in October 2024, a 10.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 14 | 11 | -21.4% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Telford housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 21.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
3 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 3 homes were sold or pending in Telford in October 2024, down by 25.0% month-over-month. Of the 3 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 60 Days | 64 Days | +7.8% |
Summary: Homes in Telford had an average of 64 days on market in Oct 2024, up by 7.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Telford has remained consistent over time.
Summary: During October 2024, 3 homes were sold in Telford; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
