Is Maynardville, 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, Maynardville has remained a Seller's Market.
Housing Prices in Maynardville, TN
How much do homes in Maynardville, TN cost?
Median Sold Price
$299,900
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Maynardville was $299,900 in May 2024, up 7.1% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $65K | N/A |
2 Bedrooms | $242.5K | $229.9K | -5.2% |
3 Bedrooms | $282K | $300K | +6.4% |
4 Bedrooms | $303K | $316K | +4.3% |
5+ Bedrooms | $354K | $314.1K | -11.3% |
Summary: Maynardville 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 5.2%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 11.3%.
Housing Supply in Maynardville, TN
How many homes are available in Maynardville, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
63 | 55 | -12.7% |
Summary: The Maynardville real estate market had 55 homes for sale in May 2024, a 12.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 1 | -66.7% |
2 Bedrooms | 3 | 5 | +66.7% |
3 Bedrooms | 39 | 36 | -7.7% |
4 Bedrooms | 16 | 11 | -31.3% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Maynardville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 66.7%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 31.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 10 | -37.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Maynardville in May 2024, down by 37.5% month-over-month. Of the 10 sold homes, 20% were sold under asking, 30% were sold at asking, and 50% were sold over asking.
Days on Market for Maynardville, TN
How long does it take to sell a home in Maynardville, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
2 Days | 30 Days | +1116.0% |
Summary: Homes in Maynardville had an average of 30 days on market in May 2024, up by 1116% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in Maynardville; 80% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.