Is Monteagle, 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, Monteagle was a Buyer's Market.
Housing Prices in Monteagle, TN
How much do homes in Monteagle, TN cost?
Median Sold Price
$505,109
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Monteagle was $505,109 in May 2024, down 2% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $349K | - | N/A |
2 Bedrooms | $185K | $305.5K | +65.2% |
3 Bedrooms | $419.9K | $365K | -13.1% |
4 Bedrooms | $561.3K | $530.3K | -5.5% |
5+ Bedrooms | $594.9K | $616.2K | +3.6% |
Summary: Monteagle 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 65.2%, 3 bedroom homes decreased by 13.1%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes increased by 3.6%.
Housing Supply in Monteagle, TN
How many homes are available in Monteagle, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
42 | 48 | +14.3% |
Summary: The Monteagle real estate market had 48 homes for sale in May 2024, a 14.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 18 | 23 | +27.8% |
4 Bedrooms | 11 | 11 | 0.0% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Monteagle housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 27.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 7 | +75.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Monteagle in May 2024, up by 75.0% month-over-month. Of the 7 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Monteagle, TN
How long does it take to sell a home in Monteagle, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
105 Days | 75 Days | -27.8% |
Summary: Homes in Monteagle had an average of 75 days on market in May 2024, down by 27.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Monteagle; 57% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.