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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Waverly is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Waverly was a Seller's Market.

Key Takeaway

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

Housing Prices in Waverly, TN

How much do homes in Waverly, TN cost?

Median Sold Price

$244,300

$171/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$27,800(+12.8%)

Key Takeaway

Homes in Waverly have sold for 12.8% more than they did a year ago.

Summary: The median home sold price in Waverly was $244,300 in October 2024, up 12.8% from last year, and the median price per square foot was $171.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $163K$159K
-2.5%
2 $165K$209.9K
+27.2%
3 $218K$239.9K
+10.0%
4 $239.7K$319.9K
+33.4%
5+ $490K$492.5K
0.5%

Summary: Waverly housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.5%, 2 bedroom homes increased by 27.2%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 33.4%, and 5+ bedroom homes increased by 0.5%.

Median Sold Price Compared To Nearby Cities

Waverly
+12.8%
Mc Ewen
0.5%

Housing Supply in Waverly, TN

How many homes are available in Waverly, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4661+32.6%

Summary: The Waverly real estate market had 61 homes for sale in October 2024, a 32.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1216
+33.3%
3 2229
+31.8%
4 1115
+36.4%
5+ 11
0.0%

Summary: The Waverly 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 33.3%, 3 bedroom homes increased by 31.8%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
56+20.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

5 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Waverly, expect to pay close to the asking price. 83.3% of homes here sold near the asking price last month.

Summary: A total of 6 homes were sold or pending in Waverly in October 2024, up by 20.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 83% were sold at asking, and 0% were sold over asking.

Days on Market for Waverly, TN

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

Average Sale Time

Oct 2023Oct 2024CHANGE
71 Days51 Days-28.1%

Summary: Homes in Waverly had an average of 51 days on market in Oct 2024, down by 28.1% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Waverly are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 6 homes were sold in Waverly; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% 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 20 Days Ago

Newest Listings in Waverly, TN

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