Is Arrington, 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, Arrington has remained a Neutral Market.
Key Takeaway
Arrington is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Arrington, TN
How much do homes in Arrington, TN cost?
Median Sold Price
$990,654
$286/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Arrington have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in Arrington was $990,654 in May 2024, up 6.2% from last year, and the median price per square foot was $286.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $650K | $445K | -31.5% |
| 3 Bedrooms | $520K | $875.1K | +68.3% |
| 4 Bedrooms | $834.9K | $965.2K | +15.6% |
| 5+ Bedrooms | $1.3M | $1.1M | -18.8% |
Summary: Arrington 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 31.5%, 3 bedroom homes increased by 68.3%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes decreased by 18.8%.
Median Sold Price Compared To Nearby Cities
| College Grove | $1.1M | $1.5M | +36.6% |
| Arrington | $932.3K | $990.6K | +6.2% |
Housing Supply in Arrington, TN
How many homes are available in Arrington, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 73 | 86 | +17.8% |
Summary: The Arrington real estate market had 86 homes for sale in May 2024, a 17.8% increase 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 6 | 10 | +66.7% |
| 4 Bedrooms | 33 | 37 | +12.1% |
| 5+ Bedrooms | 31 | 36 | +16.1% |
Summary: The Arrington 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 increased by 66.7%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 16.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 14 | -12.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Arrington, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Arrington in May 2024, down by 12.5% month-over-month. Of the 14 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Arrington, TN
How long does it take to sell a home in Arrington, TN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 28 Days | 33 Days | +20.4% |
Summary: Homes in Arrington had an average of 33 days on market in May 2024, up by 20.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Arrington are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 14 homes were sold in Arrington; 71% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.