Is Speedwell, 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, Speedwell has remained a Seller's Market.
Housing Prices in Speedwell, TN
How much do homes in Speedwell, TN cost?
Median Sold Price
$249,997
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Speedwell was $249,997 in May 2024, down 2.9% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $168K | N/A |
2 Bedrooms | $162.4K | $249.9K | +53.9% |
3 Bedrooms | $270K | $257.9K | -4.5% |
4 Bedrooms | $377.9K | $487.5K | +29.0% |
5+ Bedrooms | $1.4M | - | N/A |
Summary: Speedwell 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 53.9%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 29%, and 5+ bedroom homes did not change.
Housing Supply in Speedwell, TN
How many homes are available in Speedwell, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
34 | 33 | -2.9% |
Summary: The Speedwell real estate market had 33 homes for sale in May 2024, a 2.9% 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 | 8 | 7 | -12.5% |
3 Bedrooms | 22 | 19 | -13.6% |
4 Bedrooms | 2 | 5 | +150.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Speedwell 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 decreased by 12.5%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes increased by 150%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 6 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Speedwell in May 2024, the same as the previous month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Speedwell, TN
How long does it take to sell a home in Speedwell, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
132 Days | 155 Days | +17.6% |
Summary: Homes in Speedwell had an average of 155 days on market in May 2024, up by 17.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Speedwell; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.