Is Avondale, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Avondale was a Buyer's Market.
Key Takeaway
Avondale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Avondale, TN
How much do homes in Avondale, TN cost?
Median Sold Price
$130,000
$115/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Avondale have sold for 14.8% less than they did a year ago.
Summary: The median home sold price in Avondale was $130,000 in April 2024, down 14.8% from last year, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | $165K | +106.3% |
| 2 Bedrooms | $155K | $82.1K | -47.0% |
| 3 Bedrooms | $130.5K | $155K | +18.8% |
| 4 Bedrooms | $191.5K | $189.3K | -1.1% |
| 5+ Bedrooms | $155K | $125.8K | -18.8% |
Summary: Avondale housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 106.3%, 2 bedroom homes decreased by 47%, 3 bedroom homes increased by 18.8%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes decreased by 18.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Glenwood | $289K | $296K | +2.4% |
| Bushtown / Highland Park | $255K | $259K | +1.6% |
| Avondale | $152.5K | $130K | -14.8% |
| Glenwood / Eastdale | $234K | $185K | -20.9% |
Housing Supply in Avondale, TN
How many homes are available in Avondale, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 34 | 37 | +8.8% |
Summary: The Avondale real estate market had 37 homes for sale in April 2024, a 8.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 12 | +20.0% |
| 3 Bedrooms | 19 | 20 | +5.3% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Avondale housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 15 | +114.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Avondale, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 15 homes were sold or pending in Avondale in April 2024, up by 114.3% month-over-month. Of the 15 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% were sold over asking.
Days on Market for Avondale, TN
How long does it take to sell a home in Avondale, TN?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Avondale has remained consistent over time.
Summary: During April 2024, 15 homes were sold in Avondale; 0% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.