Is Arrington, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Arrington was a Buyer's Market.
Housing Prices in Arrington, TN
How much do homes in Arrington, TN cost?
Median Sold Price
$980,763
$286/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Arrington was $980,763 in June 2024, up 4.3% from last year, and the median price per square foot was $286.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $650K | $445K | -31.5% |
3 Bedrooms | $500K | $875.1K | +75.0% |
4 Bedrooms | $834.9K | $965.2K | +15.6% |
5+ Bedrooms | $1.3M | $1.1M | -16.9% |
Summary: Arrington housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 31.5%, 3 bedroom homes increased by 75%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes decreased by 16.9%.
Median Sold Price Compared To Nearby Cities
College Grove | $1.1M | $1.4M | +31.8% |
Arrington | $939.9K | $980.7K | +4.3% |
Housing Supply in Arrington, TN
How many homes are available in Arrington, TN?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
81 | 107 | +32.1% |
Summary: The Arrington real estate market had 107 homes for sale in June 2024, a 32.1% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 10 | 15 | +50.0% |
4 Bedrooms | 39 | 55 | +41.0% |
5+ Bedrooms | 29 | 34 | +17.2% |
Summary: The Arrington housing inventory by bedroom type for June 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 50%, 4 bedroom homes increased by 41%, and 5+ bedroom homes increased by 17.2%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
17 | 18 | +5.9% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Arrington in June 2024, up by 5.9% month-over-month. Of the 18 sold homes, 44% were sold under asking, 28% were sold at asking, and 28% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
19 Days | 29 Days | +51.5% |
Summary: Homes in Arrington had an average of 29 days on market in Jun 2024, up by 51.5% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During June 2024, 18 homes were sold in Arrington; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.