Is Bon Aqua, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Bon Aqua was a Buyer's Market.
Housing Prices in Bon Aqua, TN
How much do homes in Bon Aqua, TN cost?
Median Sold Price
$389,900
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Bon Aqua was $389,900 in May 2024, up 1.9% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $139K | N/A |
2 Bedrooms | $215K | $281.9K | +31.1% |
3 Bedrooms | $385K | $369.9K | -3.9% |
4 Bedrooms | $755.4K | $506K | -33.0% |
5+ Bedrooms | $420K | - | N/A |
Summary: Bon Aqua housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 31.1%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes decreased by 33%, and 5+ bedroom homes did not change.
Housing Supply in Bon Aqua, TN
How many homes are available in Bon Aqua, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
17 | 16 | -5.9% |
Summary: The Bon Aqua real estate market had 16 homes for sale in May 2024, a 5.9% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 12 | 12 | 0.0% |
4 Bedrooms | 4 | 3 | -25.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Bon Aqua housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 5 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Bon Aqua in May 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Bon Aqua, TN
How long does it take to sell a home in Bon Aqua, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
10 Days | 72 Days | +591.4% |
Summary: Homes in Bon Aqua had an average of 72 days on market in May 2024, up by 591.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Bon Aqua; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.