$7,863 Closing Credit*
$662,178
2,607 SqFt
4 Beds
•4 Full Baths, 1 Partial
Elisa Chessor, Listing Office: Century 21 Coffee County Realty & Auction
Is Tullahoma, 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, Tullahoma was a Neutral Market.
Key Takeaway
Tullahoma is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Tullahoma, TN
How much do homes in Tullahoma, TN cost?
Median Sold Price
$298,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$28,000(+10.4%)
Key Takeaway
Homes in Tullahoma have sold for 10.4% more than they did a year ago.
Summary: The median home sold price in Tullahoma was $298,000 in October 2024, up 10.4% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $295.5K | $127.5K | -56.9% |
| 2 Bedrooms | $185K | $178K | -3.8% |
| 3 Bedrooms | $268.4K | $289.9K | +8.0% |
| 4 Bedrooms | $365K | $416.2K | +14.0% |
| 5+ Bedrooms | $499.9K | $530K | +6.0% |
Summary: Tullahoma housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 56.9%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 14%, and 5+ bedroom homes increased by 6%.
Median Sold Price Compared To Nearby Cities
| Lynchburg | $375K | $421.5K | +12.4% |
| Tullahoma | $270K | $298K | +10.4% |
| Manchester | $304.3K | $321.9K | +5.8% |
Housing Supply in Tullahoma, TN
How many homes are available in Tullahoma, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 188 | 197 | +4.8% |
Summary: The Tullahoma real estate market had 197 homes for sale in October 2024, a 4.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 7 | -12.5% |
| 2 Bedrooms | 16 | 16 | 0.0% |
| 3 Bedrooms | 108 | 116 | +7.4% |
| 4 Bedrooms | 50 | 50 | 0.0% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Tullahoma housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes remained the same, 3 bedroom homes increased by 7.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 24 | -27.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tullahoma, you may be able to get a good deal. 47.8% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Tullahoma in October 2024, down by 27.3% month-over-month. Of the 23 sold homes, 48% were sold under asking, 35% were sold at asking, and 17% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 34 Days | +83.0% |
Summary: Homes in Tullahoma had an average of 34 days on market in Oct 2024, up by 83% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 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 October 2024, 24 homes were sold in Tullahoma; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% 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.