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Foreclosure Homes in Drummonds, TN 38023

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Drummonds, TN Foreclosures

How much do homes sell for in Drummonds, TN?
The average home price is currently $222,034.
In Drummonds, TN, how many homes are available?
There are currently 19 active home listings available in Drummonds.
What’s the average rental cost in Drummonds, TN?
The average rental price in Drummonds is $1,174.
What is the most expensive home in Drummonds?
The most expensive home sold in Drummonds had a price of $1,981,428.
What is currently the cheapest priced home in Drummonds, TN?
The cheapest home for sale in Drummonds is priced at $10,835.

Living in Drummonds, TN

Drummonds, TN is a peaceful community just north of Memphis, characterized by a rural atmosphere and a strong sense of community. Residents enjoy a slower pace of life while benefiting from the conveniences of nearby urban living. It's an ideal place for families and individuals seeking a tranquil environment with access to nature and local amenities.

Current Market Conditions in Drummonds, TN

The real estate market in Drummonds is currently experiencing steady growth, with prices reflecting a strong interest from homebuyers moving from urban areas looking for more space and affordability. The demand for homes in this area has increased due to its proximity to Memphis and its family-friendly environment, attracting a range of buyers including first-time homeowners and retirees.

Over the past month, the home prices have shown slight fluctuations, influenced by seasonal trends in real estate. While inventory remains somewhat limited, new listings have been emerging, providing buyers with more options. Auctions and competitive bidding environments have been more common, reflecting the desirability of homes in this region.

Home Value Estimator For Drummonds, TN

There are currently 2,015 real estate properties in Drummonds, TN, with a median automated valuation model (AVM) price of $215,464.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Drummonds, TN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Drummonds, TN, is $222,034.00, with the most expensive house in Drummonds, TN, topping out at $1,981,428.00 and the cheapest home in Drummonds, TN, clocking in at $10,835.00. In other words, there’s something for every potential homebuyer or savvy investor in Drummonds, TN!

Rent Prices In Drummonds, TN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Drummonds, TN, is on a rollercoaster ride. The average rent price in Drummonds, TN, is $1,174.00. Indeed, when looking to rent in Drummonds, TN, you can expect to pay as little as $730.00 or as much as $2,160.00, with the average rent median estimated to be $1,180.00. The good news is that finding an affordable and desirable property to rent in Drummonds, TN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Drummonds, TN 38023 Foreclosures


Market Trend for Drummonds, TN

Total Listings Available: 19

Market Values:

Home Prices from $10,835 to $1,981,428

Average Sales Price: $222,034

Rental Values:

Rental from $730 to $2,160

Average Rent Value: $1,174 / month

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