$145,000
0.85 Acres
Land
Chris Morris, Listing Office: Lake Homes Realty, LLC
Is Wayne County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Wayne County has remained a Buyer's Market.
Key Takeaway
Wayne County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Wayne County, TN
How much do homes in Wayne County, TN cost?
Median Sold Price
$187,450
$92/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$182,550(-49.3%)
Key Takeaway
Homes in Wayne County have sold for 49.3% less than they did a month ago.
Summary: The median home sold price in Wayne County was $187,450 in November 2024, down 49.3% from last month, and the median price per square foot was $92.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $269K | $49K | -81.8% |
| 3 Bedrooms | $370K | $231K | -37.6% |
| 4 Bedrooms | $670K | $159.9K | -76.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: Wayne County housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 81.8%, 3 bedroom homes decreased by 37.6%, 4 bedroom homes decreased by 76.1%, and 5+ bedroom homes did not change.
Housing Supply in Wayne County, TN
How many homes are available in Wayne County, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 57 | 61 | +7.0% |
Summary: The Wayne County real estate market had 61 homes for sale in November 2024, a 7.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 32 | 35 | +9.4% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Wayne County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 9.4%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wayne County, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Wayne County in November 2024, down by 14.3% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.
Days on Market for Wayne County, TN
How long does it take to sell a home in Wayne County, TN?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 75 Days | 76 Days | +2.1% |
Summary: Homes in Wayne County had an average of 76 days on market in Nov 2024, up by 2.1% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Wayne County has remained consistent over time.
Summary: During November 2024, 6 homes were sold in Wayne County; 17% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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.