Cumberland County, Tennessee Market Trend

Cumberland County, Tennessee Market Trend

Crossville, TN

Single Family Residence - SFR

- Q: What is the current supply of homes in Cumberland County?

A: The market currently has a 5.64-month supply of inventory, indicating a balanced environment for buyers and sellers.

- Q: How has the inventory changed over the past month and year?

A: The inventory has decreased by 1% over the past month but increased by 1% over the past year, reflecting a stable market.

- Q: What is the median price of new listings?

A: The median list price for new listings is $409,000.

- Q: How quickly are homes selling in this area?

A: New pending listings have a median of 48 days in RPR, while sold listings have a median of 39 days, showing a 57% decrease in days on market month-over-month.

- Q: What are the current median prices for active, pending, and sold listings?

A: The median price for active listings is $405,000, pending listings is $379,000, and sold listings is $375,000, with a 16% increase in the median sold price month-over-month.

- Q: What is the sold-to-list price ratio?

A: The sold-to-list price ratio stands at 96.49%, with a slight 1% increase from the previous month.

Cumberland County is home to the scenic Cumberland Mountain State Park and offers access to the Crossville area, known for its golf courses and cultural attractions. Buyers should consider the stable inventory and increasing median sold prices as indicators for potential investment opportunities. Connect with Jennifer Bristol Dills of Tennessee Properties Real Estate at jentnbroker@gmail.com to navigate the Cumberland County market with confidence.