Is Woodlawn, 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, Woodlawn has remained a Neutral Market.
Housing Prices in Woodlawn, TN
How much do homes in Woodlawn, TN cost?
Median Sold Price
$317,450
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Woodlawn was $317,450 in April 2024, up 16.5% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $187K | $272.5K | +45.7% |
3 Bedrooms | $269.9K | $319.9K | +18.5% |
4 Bedrooms | $351K | $345K | -1.7% |
5+ Bedrooms | - | - | N/A |
Summary: Woodlawn housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 45.7%, 3 bedroom homes increased by 18.5%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Woodlawn | $272.5K | $317.4K | +16.5% |
Palmyra | $387.4K | $355K | -8.4% |
Housing Supply in Woodlawn, TN
How many homes are available in Woodlawn, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
28 | 25 | -10.7% |
Summary: The Woodlawn real estate market had 25 homes for sale in April 2024, a 10.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 23 | 19 | -17.4% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Woodlawn housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 17.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 4 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Woodlawn in April 2024, down by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Woodlawn, TN
How long does it take to sell a home in Woodlawn, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
43 Days | 20 Days | -52.3% |
Summary: Homes in Woodlawn had an average of 20 days on market in Apr 2024, down by 52.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Woodlawn; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.