Finding the perfect home in Limestone, TN can be an exciting journey. Let's delve deeper into the real estate highlights, housing market statistics, top schools, amenities, and the latest listings in Limestone, TN.
Current Limestone Real Estate Trends
According to Realtor.com, in March 2024, the median listing home price in Limestone, TN stood at $317.9K, showing a trend that's trending down -19.4% year-over-year. This figure provides crucial insight into the pricing dynamics within the local housing market.
The sale-to-list price ratio of 96.42% indicates that homes in Limestone, TN sold for 3.58% below the asking price on average in March 2024. This ratio serves as a significant metric for understanding the negotiation dynamics between buyers and sellers.
Market Balance
March 2024 portrays Limestone, TN as a balanced market, signifying equilibrium between the supply and demand of homes. This equilibrium presents opportunities for both buyers and sellers, offering a fair playing field for transactions.
The median days on market for homes in Limestone, TN stands at 29 days on average. This statistic highlights the speed at which properties are being sold, providing valuable insight into the pace of the local housing market.
Washington County, TN Real Estate Highlights
Limestone is an unincorporated community on the western border of Washington County and the eastern border of Greene County in the northeastern part of the U.S. state of Tennessee. Its zip code is 37681. This analysis is based on data from realtor.com®.
As of March 2024, the median listing home price in Washington County, TN stood at $379,000, maintaining a stable trajectory compared to the previous year. Let's delve into the current market trends and forecast for this vibrant region.
In March 2024, the median listing home price per square foot was $201, reflecting a resilient housing market despite external economic factors. The median home sold price was $309,500, indicating a strong demand for properties in the area.
The sale-to-list price ratio for Washington County, TN stood at 98.35% in March 2024. This suggests that homes in the area sold for approximately 1.65% below the asking price on average, highlighting a competitive yet balanced market environment.
Market Dynamics
Washington County, TN is currently experiencing a seller's market, characterized by high demand and limited inventory. This imbalance between supply and demand indicates that there are more prospective buyers than available homes. The median days on market for properties in Washington County, TN is 38 days, showcasing the rapid pace at which homes are being sold.
Over the past year, the median days on market in Washington County, TN have shown a slight increase compared to the previous year. However, the trend for median days on market has declined since last month, indicating a potential shift in market dynamics. This suggests that while the housing market remains robust, there may be subtle fluctuations influenced by various factors such as economic conditions and buyer preferences.
Source:
- https://www.realtor.com/realestateandhomes-search/Limestone_IL/overview
- https://www.realtor.com/realestateandhomes-search/Washington-County_TN/overview
