Is Castalian Springs, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Castalian Springs has remained a Seller's Market.
Housing Prices in Castalian Springs, TN
How much do homes in Castalian Springs, TN cost?
Median Sold Price
$422,500
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Castalian Springs was $422,500 in May 2024, up 0.6% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $400.5K | $385K | -3.9% |
3 Bedrooms | $410K | $414.1K | +1.0% |
4 Bedrooms | $579.8K | $667.5K | +15.1% |
5+ Bedrooms | $879K | $500K | -43.1% |
Summary: Castalian Springs 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 decreased by 3.9%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes decreased by 43.1%.
Median Sold Price Compared To Nearby Cities
Hartsville | $299.9K | $352.5K | +17.5% |
Bethpage | $374.2K | $395K | +5.6% |
Castalian Springs | $420K | $422.5K | +0.6% |
Housing Supply in Castalian Springs, TN
How many homes are available in Castalian Springs, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 11 | -21.4% |
Summary: The Castalian Springs real estate market had 11 homes for sale in May 2024, a 21.4% 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 | 0 | 0 | 0.0% |
3 Bedrooms | 10 | 9 | -10.0% |
4 Bedrooms | 4 | 2 | -50.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Castalian Springs 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 decreased by 10%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Castalian Springs in May 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Castalian Springs, TN
How long does it take to sell a home in Castalian Springs, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
19 Days | 27 Days | +40.5% |
Summary: Homes in Castalian Springs had an average of 27 days on market in May 2024, up by 40.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Castalian Springs; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.