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Thinking about buying a house in Tennessee? You may want to consider the likelihood of getting the house for less than asked for.
Stacker, a data-driven news organization, compiled data from Redfin, a real estate company, for the month of March in Tennessee. From these numbers, Stacker was able to determine the “counties with the most homes selling under list price in Tennessee.”
For March, the national median sale price for homes was $420,321. In Tennessee, the median sale price was $378,900.
Here are the counties where most homes sold under the asking price in Tennessee.
Where most homes are selling under asking price in Tennessee
Shelby County ranked as the number one spot for houses to sell under list price in Tennessee. In Shelby County, most homes sold at 3.23% below list price. With a median list price of $275,000, the median sale price landed at $257,700. There were 781 homes sold in March, and only 20.7% sold above list price.
The second area with homes selling below list price was Sevier County. In Sevier, homes sold at 3.22% below list price in March. The median list price was $649,900, and the median sale price was $462,750. In March, 168 homes sold and 9.5% sold above list price.
Sullivan County had a median list price of $307,000 and a median sale price of $282,000 in March. Homes sold at 2.55% below list price for the month. There were 189 homes sold and 22.2% of them sold above list price.
List of best places to buy a home under asking in Tennessee
- Shelby County
- Average price difference: 3.23% below list
- Median list price: $275,000
- Total homes sold in March 2024: 781
- Sevier County
- Average price difference: 3.22% below list
- Median list price: $649,900
- Total homes sold in March 2024: 168
- Sullivan County
- Average price difference: 2.22% below list
- Median list price: $307,000
- Total homes sold in March 2024: 189
- Washington County
- Average price difference: 2.12% below list
- Median list price: $350,000
- Total homes sold in March 2024: 149
- Maury County
- Average price difference: 1.96% below list
- Median list price: $455,000
- Total homes sold in March 2024: 175
- Davidson County
- Average price difference: 1.93% below list
- Median list price: $524,990
- Total homes sold in March 2024: 944
- Bradley County
- Average price difference: 1.91% below list
- Median list price: $352,404
- Total homes sold in March 2024: 120
- Wilson County
- Average price difference: 1.63% below list
- Median list price: $469,000
- Total homes sold in March 2024: 246
- Blount County
- Average price difference: 1.59% below list
- Median list price: $419,900
- Total homes sold in March 2024: 149
- Robertson County
- Average price difference: 1.47% below list
- Median list price: $369,494
- Total homes sold in March 2024: 132
- Williamson County
- Average price difference: 1.42% below list
- Median list price: $972,400
- Total homes sold in March 2024: 353
- Sumner County
- Average price difference: 1.36% below list
- Median list price: $451,265
- Total homes sold in March 2024: 273
- Knox County
- Average price difference: 1.20% below list
- Median list price: $397,900
- Total homes sold in March 2024: 654
- Rutherford County
- Average price difference: 0.81% below list
- Median list price: $459,900
- Total homes sold in March 2024: 435
- Montgomery County
- Average price difference: 0.78% below list
- Median list price: $334,900
- Total homes sold in March 2024: 393
