Is Mount Juliet, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Mount Juliet has remained a Seller's Market.
Housing Prices in Mount Juliet, TN
How much do homes in Mount Juliet, TN cost?
Median Sold Price
$549,991
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mount Juliet was $549,991 in April 2024, up 1.7% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $417.5K | $232.5K | -44.3% |
2 Bedrooms | $349.9K | $400K | +14.3% |
3 Bedrooms | $450K | $462.5K | +2.8% |
4 Bedrooms | $625K | $600.6K | -3.9% |
5+ Bedrooms | $700K | $699.9K | 0% |
Summary: Mount Juliet housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44.3%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Lebanon | $375.2K | $418.2K | +11.5% |
Mount Juliet | $540.8K | $549.9K | +1.7% |
Old Hickory | $377.7K | $379.9K | +0.6% |
Hermitage | $414.5K | $416K | 0.3% |
Housing Supply in Mount Juliet, TN
How many homes are available in Mount Juliet, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
312 | 356 | +14.1% |
Summary: The Mount Juliet real estate market had 356 homes for sale in April 2024, a 14.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 27 | 26 | -3.7% |
3 Bedrooms | 120 | 148 | +23.3% |
4 Bedrooms | 128 | 143 | +11.7% |
5+ Bedrooms | 35 | 38 | +8.6% |
Summary: The Mount Juliet housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 3.7%, 3 bedroom homes increased by 23.3%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes increased by 8.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
75 | 74 | -1.3% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 74 homes were sold or pending in Mount Juliet in April 2024, down by 1.3% month-over-month. Of the 74 sold homes, 49% were sold under asking, 39% were sold at asking, and 12% were sold over asking.
Days on Market for Mount Juliet, TN
How long does it take to sell a home in Mount Juliet, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
28 Days | 32 Days | +12.4% |
Summary: Homes in Mount Juliet had an average of 32 days on market in Apr 2024, up by 12.4% compared to last year.
Breakdown of Home Sale Times
51 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 74 homes were sold in Mount Juliet; 69% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.