Tennessee Real Estate Trends - A New Way to Look at Tennessee Realty
The variety of listings available in the Tennessee real estate market highlights the state's division between urban splendor and rural fantasy. Approximately 58% of all Tennessee real estate listings are split between urban condos/townhomes and single family properties.
While both listing prices and sale prices have fluctuated over recent months, family housing remains a strong sector in the Tennessee real estate market. Buyers can enjoy the relatively low average prices (around the $120,000 mark for single family homes and $130,000 for condos), almost 50% below asking price for single family homes. In the Tennessee condo and townhouse market, average sale prices are 24% below average list prices.
Undeveloped rural real estate in Tennessee comprises a substantial 38% of the market for the entire Tennessee real estate market. With an average list price of just $121,000, these properties offer an excellent option for a variety of projects. Commercial investors and builders might be interested to know that Tennessee land for sale can cost up to $14 million dollars and contain as many as 100 acres.
Tennessee Real Estate:
Largest Increase in Listing Price
| City | 3 mo. | |
|---|---|---|
| Jamestown, TN Real Estate | 23.17% | |
| Nolensville, TN Real Estate | 16.67% | |
| Loudon, TN Real Estate | 13.09% | |
| Dayton, TN Real Estate | 12.07% | |
| Hermitage, TN Real Estate | 11.84% |
Tennessee Real Estate:
Largest Decrease in Listing Price
| City | 3 mo. | |
|---|---|---|
| Smyrna, TN Real Estate | 6.63% | |
| Gatlinburg, TN Real Estate | 6.01% | |
| Thompsons Station, TN Real Estate | 5.67% | |
| Townsend, TN Real Estate | 5.29% | |
| Seymour, TN Real Estate | 4.30% |
Most Expensive Tennessee Homes for Sale by City
| City | Median $ | 3 mo. | |
|---|---|---|---|
| Brentwood, TN Homes for Sale | $814,602 | 0.54% | |
| Franklin, TN Homes for Sale | $740,338 | 0.74% | |
| Germantown, TN Homes for Sale | $478,513 | 1.14% | |
| Nolensville, TN Homes for Sale | $475,027 | 16.67% | |
| Signal Mountain, TN Homes for Sale | $441,024 | 5.78% |
Least Expensive Tennessee Homes for Sale by City
| City | Median $ | 3 mo. | |
|---|---|---|---|
| Etowah, TN Homes for Sale | $130,024 | 5.00% | |
| Madison, TN Homes for Sale | $133,805 | 0.49% | |
| Lawrenceburg, TN Homes for Sale | $134,402 | 1.06% | |
| Lafayette, TN Homes for Sale | $137,774 | 1.91% | |
| La Vergne, TN Homes for Sale | $138,410 | 5.37% |
Top 5 Tennessee Cities for Families
| City | Homes with Children |
Crime vs. Natl. Avg. |
|---|---|---|
| Arlington, TN Local Info | 57.00% | 2.42 |
| La Vergne, TN Local Info | 50.00% | 0.29 |
| Spring Hill, TN Local Info | 50.00% | 0.40 |
| White House, TN Local Info | 47.00% | 0.30 |
| Collierville, TN Local Info | 46.00% | 1.22 |
Top 5 Tennessee Cities for Singles
| City | Unmarried | Female to Male |
|---|---|---|
| Memphis, TN Local Info | 70.00% | 53% / 47% |
| Martin, TN Local Info | 68.00% | 50% / 50% |
| Knoxville, TN Local Info | 67.00% | 52% / 48% |
| Nashville, TN Local Info | 67.00% | 51% / 49% |
| Brownsville, TN Local Info | 66.00% | 57% / 43% |
Largest Increase in Listing Price Methodology
This chart uses the median listing price of cities with at least 100 active property listings to calculate the largest percentage increase in median listing prices for single family homes over a three month period.
Largest Decrease in Listing Price Methodology
This chart uses the median listing price of cities with at least 100 active property listings to calculate the largest percentage decrease in median listing prices for single family homes over a three month period.
Most Expensive Homes for Sale by City Methodology
This chart uses the median listing price of cities with at least 100 active property listings to retrieve the cities with the five highest median listing prices of single family homes. In addition, the median listing prices are used to calculate the associated increase or decrease in median listing price as a percentage over a three month period.
Least Expensive Homes for Sale by City Methodology
This chart uses the median listing price of cities with at least 100 active property listings to retrieve the cities with the five lowest median listing prices of single family homes. In addition, the median listing prices are used to calculate the associated increase or decrease in median listing price as a percentage over a three month period.
Top 5 Cities for Families Methodology
This chart displays the top five cities with a population of at least 10,000 that have the highest percentage of homes with children and the lowest crime rate. Crime rate is determined by comparing each city's crime rate index against the national crime rate index, which equals 100. A number lower than one indicates less crime than the national average, while a number greater than one indicates more overall crime than the national average.
Top 5 Cities for Singles Methodology
This chart displays the top five cities with a population of at least 10,000 that have the highest percentage of unmarried people. An unmarried person is defined as someone who was never married, is separated, or divorced.