Is Wartburg, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Wartburg has remained a Seller's Market.
Housing Prices in Wartburg, TN
How much do homes in Wartburg, TN cost?
Median Sold Price
$260,500
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Wartburg was $260,500 in May 2024, up 48.9% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $345.9K | N/A |
2 Bedrooms | $165.1K | $114.7K | -30.5% |
3 Bedrooms | $166K | $259K | +56.0% |
4 Bedrooms | $359.9K | $348.5K | -3.2% |
5+ Bedrooms | $405K | $469.5K | +15.9% |
Summary: Wartburg 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 30.5%, 3 bedroom homes increased by 56%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 15.9%.
Housing Supply in Wartburg, TN
How many homes are available in Wartburg, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 18 | +63.6% |
Summary: The Wartburg real estate market had 18 homes for sale in May 2024, a 63.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 0 | 2 | +100.0% |
3 Bedrooms | 7 | 12 | +71.4% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Wartburg 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 71.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 5 | +400.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Wartburg in May 2024, up by 400.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Wartburg, TN
How long does it take to sell a home in Wartburg, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
24 Days | 7 Days | -70.9% |
Summary: Homes in Wartburg had an average of 7 days on market in May 2024, down by 70.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Wartburg; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.