Is Englewood, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Englewood is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Englewood has remained a Seller's Market.

Key Takeaway

Englewood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

-$1,000(-0.5%)

Key Takeaway

The sold price of homes in Englewood has remained the same since last year.

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

# BEDSMay 2023May 2024CHANGE
1 $34K-
N/A
2 $171.7K$153K
-10.9%
3 $220K$218K
-0.9%
4 $359.9K$369.9K
+2.8%
5+ $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 2024May 2024CHANGE
2722-18.5%

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

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 75
-28.6%
3 1512
-20.0%
4 55
0.0%
5+ 00
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 2024May 2024CHANGE
85-37.5%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Englewood, you may be able to get a good deal. 40% of homes here sold below asking price last month.

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 2023May 2024CHANGE
2 Days8 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Englewood are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Englewood, TN

Nearby Markets to Englewood, TN