Comprehensive market data and analysis• Updated Dec 2025
9.6 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | 1 | 2 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | 1 | 1 | 2 |
| 10-20 acres | 1 | 1 | 2 | 3 |
| 20-50 acres | - | 1 | 1 | 1 |
| 50-100 acres | - | 2 | 3 | 5 |
| 100+ acres | - | - | - | - |
| TOTAL | 1 | 5 | 8 | 13 |
Acreage buckets
The median price for land in Petersburg, Tennessee is currently $10K per acre. For a typical parcel, the median sale price is $186K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $74K while premium lots reached $568K.
Petersburg, Tennessee is currently a buyer's market with 9.6 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have increased 41.4% year-over-year.
Petersburg, Tennessee currently has 9.6 months of inventory supply. This indicates a buyer's market. Low supply means competition for available properties is high.
There are currently 16 active listings in Petersburg, Tennessee. 5 new listings have hit the market in the last 90 days. The median asking price is $400K.
The 3-month absorption rate in Petersburg, Tennessee is 10.4%. The 12-month rate is 6.8%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Over the past 12 months, Petersburg, Tennessee saw 13 properties sold, totaling $3.4M in sales volume. In just the last 3 months, 5 properties changed hands.
Land in Petersburg, Tennessee typically sells within 77 days of listing. The median time on market is 66 days. Properties are moving at a moderate pace in the current buyer's market.
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.
