Is Baxter, 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, Baxter was a Neutral Market.
Key Takeaway
Baxter is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Baxter, TN
How much do homes in Baxter, TN cost?
Median Sold Price
$300,400
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Baxter have sold for 7.1% less than they did a year ago.
Summary: The median home sold price in Baxter was $300,400 in May 2024, down 7.1% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $116K | - | N/A |
| 2 Bedrooms | $206.1K | $240K | +16.4% |
| 3 Bedrooms | $300K | $284.9K | -5.0% |
| 4 Bedrooms | $333.5K | $475K | +42.4% |
| 5+ Bedrooms | $369.9K | $407.4K | +10.1% |
Summary: Baxter 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 increased by 16.4%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 42.4%, and 5+ bedroom homes increased by 10.1%.
Housing Supply in Baxter, TN
How many homes are available in Baxter, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 35 | 44 | +25.7% |
Summary: The Baxter real estate market had 44 homes for sale in May 2024, a 25.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 24 | 32 | +33.3% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Baxter 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 10 | +400.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Baxter, expect to pay close to the asking price. 55.6% of homes here sold near the asking price last month.
Summary: A total of 10 homes were sold or pending in Baxter in May 2024, up by 400.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 56% were sold at asking, and 11% were sold over asking.
Days on Market for Baxter, TN
How long does it take to sell a home in Baxter, TN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 51 Days | 31 Days | -38.0% |
Summary: Homes in Baxter had an average of 31 days on market in May 2024, down by 38% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Baxter are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in Baxter; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% 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. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.