Martin-Union City, TN-KY

There are many factors influencing real estate trends in the Martin-Union City, TN-KY CSA. The area's proximity to Nashville, its affordability, and the recent influx of retirees are all playing a role in the current trends.

The most notable trend is the increase in home prices. According to Zillow, the median home value in Martin-Union City is $129,000, which is up 7.4% from last year. This trend is being driven by strong demand from buyers and limited supply of homes for sale. The combination of these factors has resulted in a sellers' market, where homes are selling quickly and often for above asking price.

Another trend that is occurring in the Martin-Union City CSA is an increase in new construction. This is likely due to the strong demand for housing as well as the fact that land and labor costs are relatively low in this part of Tennessee. Builders are able to construct new homes at a lower cost than in other parts of the country, making it an attractive market for development.

Overall, the real estate market in Martin-Union City appears to be very strong right now. Home values are rising and there is significant new construction taking place. If you're thinking about buying a home in this area, now may be a good time to do so before prices continue to rise.