Is Giles County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Giles County was a Seller's Market.
Key Takeaway
Giles County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Giles County, TN
How much do homes in Giles County, TN cost?
Median Sold Price
$269,900
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Giles County have sold for 8% more than they did a year ago.
Summary: The median home sold price in Giles County was $269,900 in April 2024, up 8% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $157.5K | $132.5K | -15.9% |
| 2 Bedrooms | $176K | $170K | -3.4% |
| 3 Bedrooms | $264.9K | $267.4K | +0.9% |
| 4 Bedrooms | $300K | $397.5K | +32.5% |
| 5+ Bedrooms | $375K | $626K | +66.9% |
Summary: Giles County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.9%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 32.5%, and 5+ bedroom homes increased by 66.9%.
Median Sold Price Compared To Nearby Counties
| Giles County | $250K | $269.9K | +8.0% |
| Lincoln County | $235K | $249.9K | +6.3% |
| Lawrence County | $250K | $265K | +6.0% |
| Marshall County | $320.7K | $325K | +1.3% |
| Maury County | $425.4K | $420K | -1.3% |
Housing Supply in Giles County, TN
How many homes are available in Giles County, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 146 | 164 | +12.3% |
Summary: The Giles County real estate market had 164 homes for sale in April 2024, a 12.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 5 | +150.0% |
| 2 Bedrooms | 22 | 24 | +9.1% |
| 3 Bedrooms | 85 | 95 | +11.8% |
| 4 Bedrooms | 30 | 34 | +13.3% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Giles County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 30 | 25 | -16.7% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Giles County, you may be able to get a good deal. 76% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in Giles County in April 2024, down by 16.7% month-over-month. Of the 25 sold homes, 76% were sold under asking, 16% were sold at asking, and 8% were sold over asking.
Days on Market for Giles County, TN
How long does it take to sell a home in Giles County, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 53 Days | 59 Days | +10.6% |
Summary: Homes in Giles County had an average of 59 days on market in Apr 2024, up by 10.6% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Giles County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 25 homes were sold in Giles County; 48% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 36% 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.