Is Lewisburg, 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, Lewisburg has remained a Seller's Market.
Housing Prices in Lewisburg, TN
How much do homes in Lewisburg, TN cost?
Median Sold Price
$275,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lewisburg was $275,000 in May 2024, up 1.9% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $60K | $135K | +125.0% |
2 Bedrooms | $135K | $182K | +34.8% |
3 Bedrooms | $279.9K | $275K | -1.8% |
4 Bedrooms | $320K | $395K | +23.4% |
5+ Bedrooms | $372K | $410K | +10.2% |
Summary: Lewisburg housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 125%, 2 bedroom homes increased by 34.8%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 23.4%, and 5+ bedroom homes increased by 10.2%.
Housing Supply in Lewisburg, TN
How many homes are available in Lewisburg, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
148 | 134 | -9.5% |
Summary: The Lewisburg real estate market had 134 homes for sale in May 2024, a 9.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 9 | 7 | -22.2% |
3 Bedrooms | 111 | 98 | -11.7% |
4 Bedrooms | 22 | 25 | +13.6% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Lewisburg housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 22.2%, 3 bedroom homes decreased by 11.7%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
30 | 28 | -6.7% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Lewisburg in May 2024, down by 6.7% month-over-month. Of the 28 sold homes, 50% were sold under asking, 36% were sold at asking, and 14% were sold over asking.
Days on Market for Lewisburg, TN
How long does it take to sell a home in Lewisburg, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
24 Days | 46 Days | +92.8% |
Summary: Homes in Lewisburg had an average of 46 days on market in May 2024, up by 92.8% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 28 homes were sold in Lewisburg; 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.