Is Cannon County, 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, Cannon County has remained a Seller's Market.
Housing Prices in Cannon County, TN
How much do homes in Cannon County, TN cost?
Median Sold Price
$310,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cannon County was $310,000 in April 2024, up 6.9% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $158.5K | N/A |
2 Bedrooms | $160K | $247.4K | +54.7% |
3 Bedrooms | $302.6K | $329.9K | +9.0% |
4 Bedrooms | $428K | $439.9K | +2.8% |
5+ Bedrooms | $648.5K | $341K | -47.4% |
Summary: Cannon County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 54.7%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes decreased by 47.4%.
Median Sold Price Compared To Nearby Counties
Cannon County | $290K | $310K | +6.9% |
DeKalb County | $270.5K | $285K | +5.4% |
Warren County | $249.3K | $260K | +4.3% |
Coffee County | $288.2K | $299.5K | +3.9% |
Rutherford County | $407.6K | $414.6K | +1.7% |
Housing Supply in Cannon County, TN
How many homes are available in Cannon County, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
64 | 73 | +14.1% |
Summary: The Cannon County real estate market had 73 homes for sale in April 2024, a 14.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 7 | 5 | -28.6% |
3 Bedrooms | 38 | 48 | +26.3% |
4 Bedrooms | 13 | 14 | +7.7% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Cannon County 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 28.6%, 3 bedroom homes increased by 26.3%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 16 | +33.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Cannon County in April 2024, up by 33.3% month-over-month. Of the 13 sold homes, 38% were sold under asking, 31% were sold at asking, and 31% were sold over asking.
Days on Market for Cannon County, TN
How long does it take to sell a home in Cannon County, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
28 Days | 49 Days | +69.8% |
Summary: Homes in Cannon County had an average of 49 days on market in Apr 2024, up by 69.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 16 homes were sold in Cannon County; 56% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.