Is Gainesboro, 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, Gainesboro was a Seller's Market.
Housing Prices in Gainesboro, TN
How much do homes in Gainesboro, TN cost?
Median Sold Price
$211,000
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Gainesboro was $211,000 in May 2024, up 5.5% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $169.9K | $162.5K | -4.4% |
2 Bedrooms | $133.7K | $151.9K | +13.6% |
3 Bedrooms | $275K | $265K | -3.6% |
4 Bedrooms | $353.4K | $302.4K | -14.4% |
5+ Bedrooms | $235K | $110K | -53.2% |
Summary: Gainesboro housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.4%, 2 bedroom homes increased by 13.6%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 14.4%, and 5+ bedroom homes decreased by 53.2%.
Housing Supply in Gainesboro, TN
How many homes are available in Gainesboro, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
31 | 35 | +12.9% |
Summary: The Gainesboro real estate market had 35 homes for sale in May 2024, a 12.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 14 | 15 | +7.1% |
3 Bedrooms | 13 | 15 | +15.4% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Gainesboro 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 7.1%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 3 | -40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Gainesboro in May 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Gainesboro, TN
How long does it take to sell a home in Gainesboro, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
84 Days | 23 Days | -72.0% |
Summary: Homes in Gainesboro had an average of 23 days on market in May 2024, down by 72% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Gainesboro; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.