Is Bartlett, 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, Bartlett was a Seller's Market.
Key Takeaway
Bartlett is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bartlett, TN
How much do homes in Bartlett, TN cost?
Median Sold Price
$331,050
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Bartlett have sold for 1% less than they did a year ago.
Summary: The median home sold price in Bartlett was $331,050 in June 2024, down 1% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $305K | $218K | -28.5% |
| 3 Bedrooms | $291.2K | $288K | -1.1% |
| 4 Bedrooms | $345K | $370K | +7.2% |
| 5+ Bedrooms | $412K | $425K | +3.2% |
Summary: Bartlett 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 28.5%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 3.2%.
Median Sold Price Compared To Nearby Cities
| Millington | $230K | $248.3K | +8.0% |
| Bartlett | $334.5K | $331K | -1.0% |
| Lakeland | $495K | $475K | -4.0% |
| Memphis | $209.2K | $191K | -8.7% |
Housing Supply in Bartlett, TN
How many homes are available in Bartlett, TN?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 242 | 263 | +8.7% |
Summary: The Bartlett real estate market had 263 homes for sale in June 2024, a 8.7% 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 | 6 | 7 | +16.7% |
| 3 Bedrooms | 107 | 109 | +1.9% |
| 4 Bedrooms | 96 | 108 | +12.5% |
| 5+ Bedrooms | 33 | 39 | +18.2% |
Summary: The Bartlett 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 increased by 16.7%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 73 | 37 | -49.3% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bartlett, you may be able to get a good deal. 45.9% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in Bartlett in June 2024, down by 49.3% month-over-month. Of the 37 sold homes, 46% were sold under asking, 30% were sold at asking, and 24% were sold over asking.
Days on Market for Bartlett, TN
We’re sorry, we don't have information for this market at the moment
