$8,978 Closing Credit*
$756,000
2,800 SqFt
4 Beds
•3 Full Baths, 1 Partial
Susan Baker, Broker, Listing Office: BHGRE Baker & Cole
Is Tullahoma, 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, Tullahoma was a Seller's Market.
Key Takeaway
Tullahoma 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 Tullahoma, TN
How much do homes in Tullahoma, TN cost?
Median Sold Price
$298,500
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25,700(+9.4%)
Key Takeaway
Homes in Tullahoma have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in Tullahoma was $298,500 in November 2024, up 9.4% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $295.5K | $165K | -44.2% |
| 2 Bedrooms | $186K | $178K | -4.3% |
| 3 Bedrooms | $267.5K | $290K | +8.4% |
| 4 Bedrooms | $375K | $406.2K | +8.3% |
| 5+ Bedrooms | $499.9K | $529.9K | +6.0% |
Summary: Tullahoma housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44.2%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 6%.
Median Sold Price Compared To Nearby Cities
| Tullahoma | $272.8K | $298.5K | +9.4% |
| Manchester | $302.5K | $325.3K | +7.6% |
| Lynchburg | $389K | $405K | +4.1% |
Housing Supply in Tullahoma, TN
How many homes are available in Tullahoma, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 203 | 212 | +4.4% |
Summary: The Tullahoma real estate market had 212 homes for sale in November 2024, a 4.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 18 | 22 | +22.2% |
| 3 Bedrooms | 121 | 123 | +1.7% |
| 4 Bedrooms | 49 | 51 | +4.1% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Tullahoma 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 increased by 22.2%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 31 | +24.0% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tullahoma, you may be able to get a good deal. 61.3% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in Tullahoma in November 2024, up by 24.0% month-over-month. Of the 31 sold homes, 61% were sold under asking, 29% were sold at asking, and 10% were sold over asking.
Days on Market for Tullahoma, TN
How long does it take to sell a home in Tullahoma, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 51 Days | +71.8% |
Summary: Homes in Tullahoma had an average of 51 days on market in Nov 2024, up by 71.8% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tullahoma are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 31 homes were sold in Tullahoma; 48% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.