Is Arlington, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Arlington was a Seller's Market.
Key Takeaway
Arlington is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Arlington, TN
How much do homes in Arlington, TN cost?
Median Sold Price
$509,950
-
Based on all homes sold in November 2023.
Difference Since Last Month
Key Takeaway
Homes in Arlington have sold for 20% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $315K | $237K | -24.8% |
| 4 Bedrooms | $425K | $539.9K | +27.0% |
| 5+ Bedrooms | $568.4K | $575K | +1.1% |
Summary: Arlington housing prices by bedroom type for November 2023 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 24.8%, 4 bedroom homes increased by 27%, and 5+ bedroom homes increased by 1.1%.
Housing Supply in Arlington, TN
How many homes are available in Arlington, TN?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 148 | 144 | -2.7% |
Summary: The Arlington real estate market had 144 homes for sale in November 2023, a 2.7% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 35 | 31 | -11.4% |
| 4 Bedrooms | 70 | 72 | +2.9% |
| 5+ Bedrooms | 42 | 40 | -4.8% |
Summary: The Arlington housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 11.4%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 4.8%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 25 | 18 | -28.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Arlington, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Arlington in November 2023, down by 28.0% month-over-month. Of the 18 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% were sold over asking.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2023 of the REALTRACS MLS. All rights Reserved.