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 August 2021

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.

How much do homes in Arrington, TN cost?

Median Sold Price

$800,000

$255/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

-$25,000(-3.0%)

Key Takeaway

Homes in Arrington have sold for 3% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 --
N/A
2 $500K$490K
-2.0%
3 $384.9K$518.4K
+34.7%
4 $763.5K$619.9K
-18.8%
5+ $967.5K$1.2M
+28.4%

Median Sold Price Compared To Nearby Cities

College Grove
+22.1%
Arrington
-3.0%

How many homes are available in Arrington, TN?

Number of Homes For Sale

Jul 2022Aug 2022%
5653-5.4%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 11
0.0%
3 76
-14.3%
4 3434
0.0%
5+ 1412
-14.3%

Number of Homes Sold

Jul 2022Aug 2022%
1411-21.4%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

5 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, expect to pay close to the asking price. 45.5% of homes here sold near the asking price last month.

Average Sale Time

Aug 2021Aug 2022%
0 Days9 Days+1198.2%

Breakdown of Home Sale Times

11 Homes Were 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 Arrington are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Arrington, TN

Homes for sale in Arrington, TN have reached 53. In August 2022 in Arrington, TN there were 5.4% less homes for sale than in July 2022. In August 2022, listings were on the market for 9 days. During the same period, the median list price in this real estate market was $800,000. This housing market listing prices have changed between July 2022 and August 2022: the cost of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went down by 2%, prices of 3 bedrooms properties went up by 34.7%, the cost of 4 bedrooms properties went down by 18.8%, 5 bedrooms properties became 28.4% more expensive. This housing market inventory have changed: volume of 1 bedroom homes stayed the same, 2 bedrooms homes inventory did not change, 3 bedrooms homes inventory decreased by 14.3%, 4 bedrooms homes inventory did not change, number of 5 bedrooms homes decreased by 14.3%. In August 2022, from all listings sold in Arrington, TN there were more than 3 sold above asking price, over 3 sold below and more than 5 were sold right at the asked price.

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