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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Arlington is a seller's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Arlington was a Buyer's Market.

Key Takeaway

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

Housing Prices in Arlington, TN

How much do homes in Arlington, TN cost?

Median Sold Price

$489,900

$144/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$18,325(+3.9%)

Key Takeaway

Homes in Arlington have sold for 3.9% more than they did a year ago.

Summary: The median home sold price in Arlington was $489,900 in April 2024, up 3.9% from last year, and the median price per square foot was $144.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 -$155K
N/A
3 $462.7K$365K
-21.1%
4 $432K$504.7K
+16.8%
5+ $649.9K$563.6K
-13.3%

Summary: Arlington 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 did not change, 3 bedroom homes decreased by 21.1%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes decreased by 13.3%.

Median Sold Price Compared To Nearby Cities

Arlington
+3.9%
Lakeland
-2.1%
Memphis
-2.1%

Housing Supply in Arlington, TN

How many homes are available in Arlington, TN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
151179+18.5%

Summary: The Arlington real estate market had 179 homes for sale in April 2024, a 18.5% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 2732
+18.5%
4 7985
+7.6%
5+ 4562
+37.8%

Summary: The Arlington 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 remained the same, 3 bedroom homes increased by 18.5%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 37.8%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1930+57.9%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Arlington, you may be able to get a good deal. 43.3% of homes here sold below asking price last month.

Summary: A total of 30 homes were sold or pending in Arlington in April 2024, up by 57.9% month-over-month. Of the 30 sold homes, 43% were sold under asking, 30% were sold at asking, and 27% were sold over asking.

Days on Market for Arlington, TN

How long does it take to sell a home in Arlington, TN?

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

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 30 homes were sold in Arlington; 3% 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 25 Days Ago

Newest Listings in Arlington, TN

Nearby Markets to Arlington, TN

What housing markets are near Arlington, TN?