Is Marshall County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Marshall County has remained a Seller's Market.
Housing Prices in Marshall County, TN
How much do homes in Marshall County, TN cost?
Median Sold Price
$325,000
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Marshall County was $325,000 in April 2024, up 1.3% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $403.5K | $135K | -66.5% |
2 Bedrooms | $189.2K | $199.9K | +5.6% |
3 Bedrooms | $312K | $315K | +1.0% |
4 Bedrooms | $364.7K | $360.9K | -1.0% |
5+ Bedrooms | $425.4K | $407K | -4.3% |
Summary: Marshall County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 66.5%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 1%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes decreased by 4.3%.
Median Sold Price Compared To Nearby Counties
Giles County | $250K | $269.9K | +8.0% |
Lincoln County | $235K | $249.9K | +6.3% |
Bedford County | $305K | $315.1K | +3.3% |
Marshall County | $320.7K | $325K | +1.3% |
Maury County | $425.4K | $420K | -1.3% |
Housing Supply in Marshall County, TN
How many homes are available in Marshall County, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
204 | 218 | +6.9% |
Summary: The Marshall County real estate market had 218 homes for sale in April 2024, a 6.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 18 | 16 | -11.1% |
3 Bedrooms | 149 | 155 | +4.0% |
4 Bedrooms | 31 | 39 | +25.8% |
5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Marshall County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 25.8%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
38 | 46 | +21.1% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 46 homes were sold or pending in Marshall County in April 2024, up by 21.1% month-over-month. Of the 46 sold homes, 39% were sold under asking, 50% were sold at asking, and 11% were sold over asking.
Days on Market for Marshall County, TN
How long does it take to sell a home in Marshall County, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
31 Days | 38 Days | +21.2% |
Summary: Homes in Marshall County had an average of 38 days on market in Apr 2024, up by 21.2% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 46 homes were sold in Marshall County; 65% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.