March 6, 2024 – MyMarketPulse (mymarketpulse.com) just released the list of the Hottest Markets in Tennessee for January 2024.
Where are homes selling fastest and at the best prices? Curious if there are markets in Tennessee where there is a high demand for homes? MyMarketPulse took a deep dive into it, exploring where in Tennessee the markets are the hottest.
What We Found
We looked at each county, pulling up the median sale prices sales volume from Redfin, focusing on counties with 25 or more home sales per month. We assign a MarketPulse score based on the three-month weighted average of home sales volume and sale prices versus previous twelve months. Counties were then ranked from highest to lowest based on this score.
The Highlights
In Tennessee, the hottest-selling market is Bedford County, where the MarketPulse Score is 102 and the median sales price comes in at $324,950 with 52 homes sold.
On the flip side, Shelby County sits at the bottom of the market with a MarketPulse Score of 81 with 516 homes sold.
Hottest Markets in Tennessee
1. Bedford County. MarketPulse Score of 102
2. Fayette County. MarketPulse Score of 94
3. Sevier County. MarketPulse Score of 94
4. Dickson County. MarketPulse Score of 94
5. Bradley County. MarketPulse Score of 92
For more information about the Tennessee market, visit MyMarketPulse.com.
MyMarketPulse is a free service of Digital Build Team (DBT, DigitalBuildTeam.com). Its goal is to help everyone quickly understand and compare real estate markets by providing timely data and visual analysis to help explain current market trends and predict future opportunities.
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