Is Strawberry Plains, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Strawberry Plains is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Strawberry Plains has remained a Seller's Market.

Key Takeaway

Strawberry Plains is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Strawberry Plains, TN

How much do homes in Strawberry Plains, TN cost?

Median Sold Price

$348,250

$180/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$35,250(+11.3%)

Key Takeaway

Homes in Strawberry Plains have sold for 11.3% more than they did a year ago.

Summary: The median home sold price in Strawberry Plains was $348,250 in April 2024, up 11.3% from last year, and the median price per square foot was $180.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$101.5K
N/A
2 $157.5K$262.4K
+66.6%
3 $285K$297.9K
+4.5%
4 $434K$435K
0.2%
5+ $447K-
N/A

Summary: Strawberry Plains housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 66.6%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Kodak
+13.6%
Strawberry Plains
+11.3%
Knoxville
+9.1%

Housing Supply in Strawberry Plains, TN

How many homes are available in Strawberry Plains, TN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
4144+7.3%

Summary: The Strawberry Plains real estate market had 44 homes for sale in April 2024, a 7.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 68
+33.3%
3 2023
+15.0%
4 1311
-15.4%
5+ 11
0.0%

Summary: The Strawberry Plains 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 increased by 33.3%, 3 bedroom homes increased by 15%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
310+233.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Strawberry Plains, expect to pay close to the asking price. 70% of homes here sold near the asking price last month.

Summary: A total of 10 homes were sold or pending in Strawberry Plains in April 2024, up by 233.3% month-over-month. Of the 10 sold homes, 30% were sold under asking, 70% were sold at asking, and 0% were sold over asking.

Days on Market for Strawberry Plains, TN

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

Average Sale Time

Apr 2023Apr 2024CHANGE
70 Days56 Days-19.3%

Summary: Homes in Strawberry Plains had an average of 56 days on market in Apr 2024, down by 19.3% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 10 homes were sold in Strawberry Plains; 40% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 30% 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 9 Days Ago

Newest Listings in Strawberry Plains, TN

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