The latest report from MyMarketPulse (mymarketpulse.com) has been published, offering a comprehensive review of Rhea County, Tennessee’s real estate market for May 2024.
The report shows that the Median Sale Price in Rhea County reached $280,000 as of May 2024, marking a decrease of 9.7% over the previous month and a 8.8% rise compared to a year ago.
Sales of homes in the region saw 33 homes changing hands. This represents a decline of 26.7% from the month before and down 23.3% compared to the same month last year.
Furthermore, homes in Rhea County were on the market for an average of 25 days before selling, reflecting a decrease of 43 days days month-over-month and a decrease of 21 day day year-over-year.
With the Market Pulse Score sitting at 124, the trend in Rhea County’s housing market seems to be rising.
For more information about the Rhea County, 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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