Is Kingston 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, Kingston Springs has remained a Seller's Market.
Housing Prices in Kingston Springs, TN
How much do homes in Kingston Springs, TN cost?
Median Sold Price
$475,000
$246/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since May 2023.
Summary: The median home sold price in Kingston Springs was $475,000 in May 2024, the same as last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $275K | N/A |
2 Bedrooms | $265K | $337.5K | +27.4% |
3 Bedrooms | $487.5K | $475.7K | -2.4% |
4 Bedrooms | $650K | $550K | -15.4% |
5+ Bedrooms | $945.7K | $1.2M | +36.1% |
Summary: Kingston 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 increased by 27.4%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes increased by 36.1%.
Median Sold Price Compared To Nearby Cities
Kingston Springs | $475K | $475K | 0.0% |
Pegram | $465K | $430K | -7.5% |
Housing Supply in Kingston Springs, TN
How many homes are available in Kingston Springs, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
38 | 45 | +18.4% |
Summary: The Kingston Springs real estate market had 45 homes for sale in May 2024, a 18.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 22 | 25 | +13.6% |
4 Bedrooms | 10 | 13 | +30.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Kingston Springs housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 9 | +80.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Kingston Springs in May 2024, up by 80.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 33% were sold at asking, and 11% were sold over asking.
Days on Market for Kingston Springs, TN
How long does it take to sell a home in Kingston Springs, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
40 Days | 40 Days | 0.1% |
Summary: Homes in Kingston Springs had an average of 40 days on market in May 2024, up by 0.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Kingston Springs; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.