Is Walland, 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, Walland has remained a Seller's Market.
Housing Prices in Walland, TN
How much do homes in Walland, TN cost?
Median Sold Price
$435,000
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Walland was $435,000 in May 2024, up 19.2% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $400K | $220K | -45.0% |
2 Bedrooms | $261.5K | $408.2K | +56.1% |
3 Bedrooms | $382.5K | $440.4K | +15.2% |
4 Bedrooms | $632.5K | $700K | +10.7% |
5+ Bedrooms | $389K | - | N/A |
Summary: Walland housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45%, 2 bedroom homes increased by 56.1%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Walland | $365K | $435K | +19.2% |
Seymour | $349.9K | $369K | +5.5% |
Housing Supply in Walland, TN
How many homes are available in Walland, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 22 | -8.3% |
Summary: The Walland real estate market had 22 homes for sale in May 2024, a 8.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 14 | 13 | -7.1% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Walland 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 25%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 7 | +40.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Walland in May 2024, up by 40.0% month-over-month. Of the 7 sold homes, 86% were sold under asking, 0% were sold at asking, and 14% were sold over asking.
Days on Market for Walland, TN
How long does it take to sell a home in Walland, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
24 Days | 61 Days | +148.2% |
Summary: Homes in Walland had an average of 61 days on market in May 2024, up by 148.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Walland; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.