Is Bakewell, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Bakewell was a Seller's Market.
Housing Prices in Bakewell, TN
How much do homes in Bakewell, TN cost?
Median Sold Price
$391,250
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Bakewell was $391,250 in March 2024, down 1.4% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $350K | $286K | -18.3% |
2 Bedrooms | $175K | $282K | +61.1% |
3 Bedrooms | $325K | $335.9K | +3.4% |
4 Bedrooms | $575K | $622.5K | +8.3% |
5+ Bedrooms | $640K | $665.3K | +4.0% |
Summary: Bakewell housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.3%, 2 bedroom homes increased by 61.1%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 4%.
Median Sold Price Compared To Nearby Neighborhoods
Walden / Mowbray / Flat Top Mountain | $569.7K | $644.4K | +13.1% |
Dallas Bay / Lakeside | $345K | $345K | 0.0% |
Bakewell | $396.6K | $391.2K | -1.4% |
Birchwood | $380K | $369K | -2.9% |
Housing Supply in Bakewell, TN
How many homes are available in Bakewell, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
70 | 75 | +7.1% |
Summary: The Bakewell real estate market had 75 homes for sale in March 2024, a 7.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 12 | 12 | 0.0% |
3 Bedrooms | 40 | 43 | +7.5% |
4 Bedrooms | 15 | 16 | +6.7% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Bakewell housing inventory by bedroom type for March 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 7.5%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 10 | +66.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Bakewell in March 2024, up by 66.7% month-over-month. Of the 10 sold homes, 50% were sold under asking, 40% were sold at asking, and 10% were sold over asking.
Days on Market for Bakewell, TN
How long does it take to sell a home in Bakewell, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
7 Days | 38 Days | +418.2% |
Summary: Homes in Bakewell had an average of 38 days on market in Mar 2024, up by 418.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in Bakewell; 0% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.