Is Baxter, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Baxter was a Neutral Market.
Housing Prices in Baxter, TN
How much do homes in Baxter, TN cost?
Median Sold Price
$300,400
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Baxter was $300,400 in May 2024, down 7.1% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $116K | - | N/A |
2 Bedrooms | $206.1K | $240K | +16.4% |
3 Bedrooms | $300K | $284.9K | -5.0% |
4 Bedrooms | $333.5K | $475K | +42.4% |
5+ Bedrooms | $369.9K | $407.4K | +10.1% |
Summary: Baxter housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.4%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 42.4%, and 5+ bedroom homes increased by 10.1%.
Housing Supply in Baxter, TN
How many homes are available in Baxter, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
35 | 44 | +25.7% |
Summary: The Baxter real estate market had 44 homes for sale in May 2024, a 25.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 24 | 32 | +33.3% |
4 Bedrooms | 3 | 5 | +66.7% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Baxter housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 10 | +400.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Baxter in May 2024, up by 400.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 56% were sold at asking, and 11% were sold over asking.
Days on Market for Baxter, TN
How long does it take to sell a home in Baxter, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
51 Days | 31 Days | -38.0% |
Summary: Homes in Baxter had an average of 31 days on market in May 2024, down by 38% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in Baxter; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.