Comprehensive market data and analysis• Updated Dec 2025
20.1 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 2 | 4 | 5 | 12 |
| 1-2 acres | 1 | 5 | 21 | 35 |
| 2-5 acres | 5 | 15 | 43 | 80 |
| 5-10 acres | - | 3 | 6 | 23 |
| 10-20 acres | - | - | - | 2 |
| 20-50 acres | - | 1 | 2 | 3 |
| 50-100 acres | - | - | - | 4 |
| 100+ acres | - | 1 | 1 | 3 |
| TOTAL | 8 | 29 | 78 | 162 |
Acreage buckets
The median price for land in Monterey, Tennessee is currently $13K per acre. For a typical parcel, the median sale price is $43K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $20K while premium lots reached $80K.
Monterey, Tennessee is currently a strong buyer's market with 20.1 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have decreased 31.7% year-over-year.
Monterey, Tennessee currently has 20.1 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
There are currently 194 active listings in Monterey, Tennessee. 54 new listings have hit the market in the last 90 days. The median asking price is $45K.
The current absorption rate in Monterey, Tennessee is 5.0% (3-month basis), indicating slow demand. With depreciating values (-31.7% YoY), buyers may find value opportunities. The top-performing broker in this market is Cumberland Cove Real Estate.
Land in Monterey, Tennessee typically sells within 93 days of listing. The median time on market is 26 days. Properties are moving at a moderate pace in the current strong buyer's market.
The 3-month absorption rate in Monterey, Tennessee is 5.0%. The 12-month rate is 7.1%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.