Is Tusculum, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tusculum is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, Tusculum has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Tusculum, TN

How much do homes in Tusculum, TN cost?

Median Sold Price

$410,000

$182/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$500(+0.1%)

Key Takeaway

The sold price of homes in Tusculum has remained the same since last year.

Summary: The median home sold price in Tusculum was $410,000 in November 2024, up 0.1% from last year, and the median price per square foot was $182.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $510K-
N/A
2 $347K-
N/A
3 $389.5K$372.5K
-4.4%
4 $585.7K$475K
-18.9%
5+ --
N/A

Summary: Tusculum 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 did not change, 3 bedroom homes decreased by 4.4%, 4 bedroom homes decreased by 18.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Greeneville
+7.7%
Afton
+6.7%
Tusculum
0.1%

Housing Supply in Tusculum, TN

How many homes are available in Tusculum, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1417+21.4%

Summary: The Tusculum real estate market had 17 homes for sale in November 2024, a 21.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 1215
+25.0%
4 21
-50.0%
5+ 00
0.0%

Summary: The Tusculum 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 100%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 50%, 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 Tusculum, 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 Tusculum 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 Tusculum, TN

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

Average Sale Time

Nov 2023Nov 2024CHANGE
164 Days191 Days+16.8%

Summary: Homes in Tusculum had an average of 191 days on market in Nov 2024, up by 16.8% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Tusculum are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 2 homes were sold in Tusculum; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 21 Days Ago

Newest Listings in Tusculum, TN

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