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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Arrington is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Arrington has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Arrington, TN

How much do homes in Arrington, TN cost?

Median Sold Price

$965,931

$282/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$9,069(-0.9%)

Key Takeaway

Homes in Arrington have sold for 0.9% less than they did a year ago.

Summary: The median home sold price in Arrington was $965,931 in September 2024, down 0.9% from last year, and the median price per square foot was $282.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $2.2M$372.5K
-83.1%
3 $547.1K$880K
+60.8%
4 $876K$949.9K
+8.4%
5+ $1.3M$1.0M
-24.4%

Summary: Arrington housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 83.1%, 3 bedroom homes increased by 60.8%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes decreased by 24.4%.

Median Sold Price Compared To Nearby Cities

College Grove
+25.9%
Arrington
-0.9%

Housing Supply in Arrington, TN

How many homes are available in Arrington, TN?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
7585+13.3%

Summary: The Arrington real estate market had 85 homes for sale in September 2024, a 13.3% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 01
+100.0%
2 33
0.0%
3 78
+14.3%
4 3541
+17.1%
5+ 3032
+6.7%

Summary: The Arrington housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes increased by 6.7%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1419+35.7%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Arrington, expect to pay close to the asking price. 42.1% of homes here sold near the asking price last month.

Summary: A total of 19 homes were sold or pending in Arrington in September 2024, up by 35.7% month-over-month. Of the 19 sold homes, 37% were sold under asking, 42% were sold at asking, and 21% 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

Sep 2023Sep 2024CHANGE
27 Days12 Days-52.8%

Summary: Homes in Arrington had an average of 12 days on market in Sep 2024, down by 52.8% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were 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 September 2024, 19 homes were sold in Arrington; 89% of homes were sold within 30 days, 11% 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 30 Days Ago

Newest Listings in Arrington, TN

Nearby Markets to Arrington, TN

What housing markets are near Arrington, TN?