Market report, updated

Rainbow Terrace Home Values and Market Report

Search in the subdivision of Rainbow Terrace

Create your own market report
Thfre.com
Report prepared by Thfre.com Tennessee Home & Farm Real Estate
(731) 407-4107 Email us
Tennessee Home & Farm Real Estate logo

Market at a glance

Over the last 12 months, homes sold for 95.3% of list price in 79 days on average.

Average price, last 12 months

What sellers asked vs. what homes actually sold for, by closing month.

List · $265K Sold · $200K
$500K$400K$300K$200K
NovDecJanFebMarAprMayJunJulAugSepOct

Homes sold per month

Closed sales, last 12 months.

Peak: 3 sales in Mar. Last month: 0.

Where the market stands

All homes in this report, by status.

14homes
Active5 · 36%
Sold (12 mo)9 · 64%

Buyer's or seller's market?

Months it would take to sell every active home at the pace of the last 6 months.

10.0months of inventory
Seller's, under 4BalancedBuyer's, over 6

Buyers have room to negotiate in this market.

Average price by status

Active$307K
Sold$381K

Average days on market

Active74 days
Sold79 days

Browse homes by status

Choose a status to see its numbers, charts and listings.

Active homes

Currently for sale
Homes for sale 5
Average list price $306,920
Avg. days on market 74 days
Avg. price per ft² $277
Avg. living area 1,167 ft²
Avg. beds / baths 2.2 / 1.2

Price vs. living area

Each dot is a home. Hover a dot for its address, click it to see the home.

$600K$400K$200K$0

Price vs. living area: 5 homes plotted, up to $600K and 3,000 ft².

0 ft²1,0002,0003,000 ft²

How long homes have been listed

Number of homes by days on market.

Bedroom mix

Number of homes by bedroom count.

1 home didn’t report bedrooms and isn’t shown.

Highest price per ft²

Top 5 homes in this status.

631 Blackstone Ave$375
637 Carmel Ave$333
701 Yowell Ave$248
705 Neelys Bend Rd$232
644 Carmel Ave$197

All active listings

Click a column to sort
AddressBedsBathsLiving ft²List price$ / ft²Days on market
631 Blackstone AveMadison, TN 37115 21800$300,000$37533 days
701 Yowell AveMadison, TN 37115 221,064$264,900$24834 days
637 Carmel AveMadison, TN 37115 21943$314,900$33340 days
644 Carmel AveMadison, TN 37115 311,419$279,900$197106 days
705 Neelys Bend RdMadison, TN 37115 ——1,612$374,900$232155 days
Thfre.com

Questions about this market?

Tennessee Home & Farm Real Estate logo

These numbers move every month. For what they mean for your home, or for a home you have your eye on, get in touch.

Thfre.com Tennessee Home & Farm Real Estate
Call (731) 407-4107 Email us

Next steps

How much is your home worth?

...get instant property value now!

Free and instant. We can follow up with a detailed valuation.

Advanced Search
board logo

Information Is Believed To Be Accurate But Not Guaranteed. Some or all listings may or may not be listed by the office/agent presenting these featured properties. Copyright 2026 MTRMLS, Inc. RealTracs Solutions.