Is Gordonsville, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Gordonsville was a Seller's Market.
Housing Prices in Gordonsville, TN
How much do homes in Gordonsville, TN cost?
Median Sold Price
$285,000
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Gordonsville was $285,000 in May 2024, down 12.3% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $174.9K | - | N/A |
2 Bedrooms | $129.5K | $259.9K | +100.8% |
3 Bedrooms | $325K | $285K | -12.3% |
4 Bedrooms | $529.9K | $374.5K | -29.3% |
5+ Bedrooms | $351.9K | - | N/A |
Summary: Gordonsville 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 100.8%, 3 bedroom homes decreased by 12.3%, 4 bedroom homes decreased by 29.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Brush Creek | $337K | $399.9K | +18.7% |
Elmwood | $309.9K | $279K | -10.0% |
Gordonsville | $325K | $285K | -12.3% |
Housing Supply in Gordonsville, TN
How many homes are available in Gordonsville, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 15 | +15.4% |
Summary: The Gordonsville real estate market had 15 homes for sale in May 2024, a 15.4% 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 | 2 | 1 | -50.0% |
3 Bedrooms | 8 | 8 | 0.0% |
4 Bedrooms | 3 | 5 | +66.7% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Gordonsville 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 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Gordonsville in May 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Gordonsville, TN
How long does it take to sell a home in Gordonsville, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
12 Days | 5 Days | -60.0% |
Summary: Homes in Gordonsville had an average of 5 days on market in May 2024, down by 60% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 1 homes were sold in Gordonsville; 100% 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.