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 June 2023

At the same time last year, Arrington was a Buyer'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

$980,763

$286/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$40,813(+4.3%)

Key Takeaway

Homes in Arrington have sold for 4.3% more than they did a year ago.

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

# BEDSJun 2023Jun 2024CHANGE
1 --
N/A
2 $650K$445K
-31.5%
3 $500K$875.1K
+75.0%
4 $834.9K$965.2K
+15.6%
5+ $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
+31.8%
Arrington
+4.3%

Housing Supply in Arrington, TN

How many homes are available in Arrington, TN?

Number of Homes For Sale

May 2024Jun 2024CHANGE
81107+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

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 33
0.0%
3 1015
+50.0%
4 3955
+41.0%
5+ 2934
+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 2024Jun 2024CHANGE
1718+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Arrington, 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 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 2023Jun 2024CHANGE
19 Days29 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 26 Days Ago

Newest Listings in Arrington, TN

Nearby Markets to Arrington, TN

What housing markets are near Arrington, TN?