Is Tusculum, 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, Tusculum was a Neutral Market.
Key Takeaway
Tusculum is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tusculum, TN
How much do homes in Tusculum, TN cost?
Median Sold Price
$439,500
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Tusculum have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Tusculum was $439,500 in May 2024, up 4.6% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $565K | N/A |
| 2 Bedrooms | $282.4K | $304.5K | +7.8% |
| 3 Bedrooms | $339K | $439.5K | +29.6% |
| 4 Bedrooms | $542K | $475K | -12.4% |
| 5+ Bedrooms | $600K | - | N/A |
Summary: Tusculum 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 7.8%, 3 bedroom homes increased by 29.6%, 4 bedroom homes decreased by 12.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Afton | $224K | $265.5K | +18.5% |
| Greeneville | $246.4K | $275K | +11.6% |
| Tusculum | $420K | $439.5K | +4.6% |
Housing Supply in Tusculum, TN
How many homes are available in Tusculum, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Summary: The Tusculum real estate market had 11 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Tusculum 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 decreased by 22.2%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tusculum, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Tusculum in May 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Tusculum, TN
How long does it take to sell a home in Tusculum, TN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 31 Days | 113 Days | +266.9% |
Summary: Homes in Tusculum had an average of 113 days on market in May 2024, up by 266.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Tusculum has remained consistent over time.
Summary: During May 2024, 4 homes were sold in Tusculum; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
