Is Waverly, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Waverly has remained a Seller's Market.
Housing Prices in Waverly, TN
How much do homes in Waverly, TN cost?
Median Sold Price
$227,500
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Waverly was $227,500 in April 2024, up 26.4% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $155K | $163K | +5.2% |
2 Bedrooms | $147.5K | $165.5K | +12.2% |
3 Bedrooms | $199.5K | $244.3K | +22.5% |
4 Bedrooms | $235K | $250K | +6.4% |
5+ Bedrooms | - | $467.5K | N/A |
Summary: Waverly housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.2%, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 22.5%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Waverly | $180K | $227.5K | +26.4% |
Mc Ewen | $270K | $282.4K | +4.6% |
Housing Supply in Waverly, TN
How many homes are available in Waverly, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
37 | 36 | -2.7% |
Summary: The Waverly real estate market had 36 homes for sale in April 2024, a 2.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 5 | 4 | -20.0% |
3 Bedrooms | 21 | 20 | -4.8% |
4 Bedrooms | 7 | 7 | 0.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Waverly housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 11 | +37.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Waverly in April 2024, up by 37.5% month-over-month. Of the 11 sold homes, 82% were sold under asking, 0% were sold at asking, and 18% were sold over asking.
Days on Market for Waverly, TN
How long does it take to sell a home in Waverly, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
51 Days | 91 Days | +78.8% |
Summary: Homes in Waverly had an average of 91 days on market in Apr 2024, up by 78.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in Waverly; 27% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 45% of homes were sold over 90 days.