Is Macon 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, Macon County was a Seller's Market.
Housing Prices in Macon County, TN
How much do homes in Macon County, TN cost?
Median Sold Price
$265,000
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Macon County was $265,000 in April 2024, up 2% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $62.5K | $152.5K | +144.0% |
2 Bedrooms | $145K | $180.9K | +24.8% |
3 Bedrooms | $270K | $268.5K | -0.6% |
4 Bedrooms | $289K | $354.9K | +22.8% |
5+ Bedrooms | $303.7K | $348.5K | +14.7% |
Summary: Macon County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 144%, 2 bedroom homes increased by 24.8%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 22.8%, and 5+ bedroom homes increased by 14.7%.
Median Sold Price Compared To Nearby Counties
Jackson County | $195K | $255K | +30.8% |
Smith County | $291.6K | $300K | +2.9% |
Macon County | $259.9K | $265K | +2.0% |
Housing Supply in Macon County, TN
How many homes are available in Macon County, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
101 | 103 | +2.0% |
Summary: The Macon County real estate market had 103 homes for sale in April 2024, a 2.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 11 | 11 | 0.0% |
3 Bedrooms | 76 | 80 | +5.3% |
4 Bedrooms | 12 | 10 | -16.7% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Macon County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 14 | -33.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Macon County in April 2024, down by 33.3% month-over-month. Of the 13 sold homes, 54% were sold under asking, 15% were sold at asking, and 31% were sold over asking.
Days on Market for Macon County, TN
How long does it take to sell a home in Macon County, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
36 Days | 59 Days | +66.3% |
Summary: Homes in Macon County had an average of 59 days on market in Apr 2024, up by 66.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in Macon County; 50% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.