Munford, TN Home Values & Market Trends
Real estate market trends reflect that there have been 238 transactions over the past year in Munford. The median value for residential home transactions that occurred over the previous year is $263,119.29. The number of current listings in Munford is 21, and the percentage of properties for sale in the city is 21.00%. Munford, TN currently has 10 properties in foreclosure, 0 bank owned properties, 10 properties headed for auction, and 21 properties for sale.
Munford, TN Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 38058 | $ 307,477 $ 149/sqft |
Housing Market Summary for Munford, TN
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $289.9K | $249.5K | -13.92% |
| Median Sold Price | $240K | $249.5K | 3.97% |
| Homes For Sale | 13 | 20 | 53.85% |
| Homes Sold | 68 | 115 | 69.12% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Munford, TN
Browse Homes in Munford, TN
Munford home values range from $32,036 to $1,052,713. The median estimated value of a home in Munford is $263,119.29. The median list price of a home is 311,990, and the total count of properties in the city is 4,149.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Munford, TN with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Munford, TN; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Munford, TN ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Munford, TN. There is 1 zips within Munford, TN; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions38058 has 10 auction properties, the highest number of properties going to auction in a single zip in the state of Munford, TN. Auction homes and other auction properties account for 0.24% of all properties in Munford, TN. There is 1 zips within Munford, TN; of that zips, the median estimated home value for homes going to auction ranges from $273,511 in 38058 to the lowest value of $147,029 in 38058.
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Guide for Munford, TN
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The Memphis real estate market has shown significant growth from March 2023 to February 2024, with property values increasing by about 10% and sale prices also rising. Despite minor fluctuations in property sales and square foot values, the market displays considerable resilience, making Memphis an attractive option for real estate investment.
Nashville’s real estate market grew significantly during 2023 with consistent rising property values and sold prices
Tennessee Foreclosure Laws