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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Arrington is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Arrington was a Neutral Market.

Key Takeaway

Arrington is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Arrington, TN

How much do homes in Arrington, TN cost?

Median Sold Price

$978,715

$285/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$60,920(+6.6%)

Key Takeaway

Homes in Arrington have sold for 6.6% more than they did a year ago.

Summary: The median home sold price in Arrington was $978,715 in March 2024, up 6.6% from last year, and the median price per square foot was $285.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $617.5K$445K
-27.9%
3 $545K$892.4K
+63.7%
4 $640K$960.4K
+50.1%
5+ $1.4M$1.0M
-22.6%

Summary: Arrington housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 27.9%, 3 bedroom homes increased by 63.7%, 4 bedroom homes increased by 50.1%, and 5+ bedroom homes decreased by 22.6%.

Median Sold Price Compared To Nearby Cities

College Grove
+34.1%
Arrington
+6.6%

Housing Supply in Arrington, TN

How many homes are available in Arrington, TN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
7382+12.3%

Summary: The Arrington real estate market had 82 homes for sale in March 2024, a 12.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 11
0.0%
3 64
-33.3%
4 3236
+12.5%
5+ 3441
+20.6%

Summary: The Arrington housing inventory by bedroom type for March 2024 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 33.3%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 20.6%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
118-27.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Arrington, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Arrington in March 2024, down by 27.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.

Days on Market for Arrington, TN

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

Average Sale Time

Mar 2023Mar 2024CHANGE
56 Days55 Days-0.5%

Summary: Homes in Arrington had an average of 55 days on market in Mar 2024, down by 0.5% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 8 homes were sold in Arrington; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% 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 24 Days Ago

Newest Listings in Arrington, TN

Nearby Markets to Arrington, TN

What housing markets are near Arrington, TN?