Is Cottontown, 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, Cottontown was a Neutral Market.
Key Takeaway
Cottontown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cottontown, TN
How much do homes in Cottontown, TN cost?
Median Sold Price
$490,000
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Cottontown have sold for 1% less than they did a year ago.
Summary: The median home sold price in Cottontown was $490,000 in May 2024, down 1% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $450K | $349.9K | -22.2% |
| 3 Bedrooms | $450K | $458K | +1.8% |
| 4 Bedrooms | $620K | $675K | +8.9% |
| 5+ Bedrooms | $850K | - | N/A |
Summary: Cottontown 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 decreased by 22.2%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Cross Plains | $443.5K | $470.5K | +6.1% |
| White House | $390.8K | $394.3K | +0.9% |
| Cottontown | $495K | $490K | -1.0% |
Housing Supply in Cottontown, TN
How many homes are available in Cottontown, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 34 | 41 | +20.6% |
Summary: The Cottontown real estate market had 41 homes for sale in May 2024, a 20.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 23 | 27 | +17.4% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Cottontown 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 increased by 100%, 3 bedroom homes increased by 17.4%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cottontown, expect to pay close to the asking price. 71.4% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Cottontown in May 2024, down by 12.5% month-over-month. Of the 7 sold homes, 29% were sold under asking, 71% were sold at asking, and 0% were sold over asking.
Days on Market for Cottontown, TN
How long does it take to sell a home in Cottontown, TN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 63 Days | 32 Days | -48.7% |
Summary: Homes in Cottontown had an average of 32 days on market in May 2024, down by 48.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Cottontown are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Cottontown; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% 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.