The median sale price of a single-family home* in Tennessee ticked up past $300,000 in June, a 20 percent rise from the same month a year ago, while total home sales climbed modestly and the availability of homes on the market remained tight, according to data compiled by Tennessee REALTORS® via REALTORS® Property Resource (RPR). Among the highlights:
Closed Home Sales
June 2020: 10.587
June 2021: 11,413
+7.8%
Closed Sales Volume
June 2020: $3.36 billion
June 2021: $4.34 billion
+29.1%
Median Home Sale Price
June 2020: $251,000
June 2021: $303,000
+20.7%
Median Sale Price per Sq. Ft.:
June 2020: $132
June 2021: $156
+18.2%
Active Listings**
June 2020: 39,985
June 2021: 31,332
-21.6%
New Listings***
June 2020: 13,375
June 2021: 13,605
+1.7%
*The trends were similar for condominium sales in June 2021.
**Active listings as of the end of June
***New listings added during the entire month
See more details broken down by Grand Division (West, Middle, East)—along with past TN housing data—HERE.
