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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Whitwell is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Whitwell, TN

How much do homes in Whitwell, TN cost?

Median Sold Price

$230,000

$165/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$27,500(+13.6%)

Key Takeaway

Homes in Whitwell have sold for 13.6% more than they did a year ago.

Summary: The median home sold price in Whitwell was $230,000 in November 2024, up 13.6% from last year, and the median price per square foot was $165.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $590K$185K
-68.6%
2 $96K$190K
+97.9%
3 $201.2K$230K
+14.3%
4 $359K$294.4K
-18.0%
5+ $520K$255.9K
-50.8%

Summary: Whitwell housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 68.6%, 2 bedroom homes increased by 97.9%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 18%, and 5+ bedroom homes decreased by 50.8%.

Housing Supply in Whitwell, TN

How many homes are available in Whitwell, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5444-18.5%

Summary: The Whitwell real estate market had 44 homes for sale in November 2024, a 18.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 96
-33.3%
3 2521
-16.0%
4 1614
-12.5%
5+ 43
-25.0%

Summary: The Whitwell 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 decreased by 33.3%, 3 bedroom homes decreased by 16%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
155-66.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Whitwell, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Whitwell in November 2024, down by 66.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.

Days on Market for Whitwell, TN

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

Average Sale Time

Nov 2023Nov 2024CHANGE
52 Days12 Days-76.0%

Summary: Homes in Whitwell had an average of 12 days on market in Nov 2024, down by 76% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 5 homes were sold in Whitwell; 40% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

Newest Listings in Whitwell, TN

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