Is Englewood, 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, Englewood has remained a Seller's Market.
Housing Prices in Englewood, TN
How much do homes in Englewood, TN cost?
Median Sold Price
$206,000
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Englewood was $206,000 in May 2024, down 0.5% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $34K | - | N/A |
2 Bedrooms | $171.7K | $153K | -10.9% |
3 Bedrooms | $220K | $218K | -0.9% |
4 Bedrooms | $359.9K | $369.9K | +2.8% |
5+ Bedrooms | $335K | - | N/A |
Summary: Englewood 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 10.9%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes did not change.
Housing Supply in Englewood, TN
How many homes are available in Englewood, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
27 | 22 | -18.5% |
Summary: The Englewood real estate market had 22 homes for sale in May 2024, a 18.5% 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 | 7 | 5 | -28.6% |
3 Bedrooms | 15 | 12 | -20.0% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Englewood 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 28.6%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 5 | -37.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Englewood in May 2024, down by 37.5% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Englewood, TN
How long does it take to sell a home in Englewood, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
2 Days | 8 Days | +300.0% |
Summary: Homes in Englewood had an average of 8 days on market in May 2024, up by 300% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Englewood; 40% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.