Is Beechgrove, 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, Beechgrove was a Buyer's Market.
Key Takeaway
Beechgrove is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Beechgrove, TN
How much do homes in Beechgrove, TN cost?
Median Sold Price
$389,900
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Beechgrove have sold for 26.8% less than they did a year ago.
Summary: The median home sold price in Beechgrove was $389,900 in March 2024, down 26.8% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $40K | $116.7K | +191.9% |
| 2 Bedrooms | $390.7K | $275K | -29.6% |
| 3 Bedrooms | $493.7K | $392K | -20.6% |
| 4 Bedrooms | $800K | $1.1M | +48.1% |
| 5+ Bedrooms | $772.5K | - | N/A |
Summary: Beechgrove housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 191.9%, 2 bedroom homes decreased by 29.6%, 3 bedroom homes decreased by 20.6%, 4 bedroom homes increased by 48.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Bradyville | $259.9K | $311K | +19.7% |
| Christiana | $408K | $392.2K | -3.9% |
| Beechgrove | $532.4K | $389.9K | -26.8% |
Housing Supply in Beechgrove, TN
How many homes are available in Beechgrove, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Summary: The Beechgrove real estate market had 7 homes for sale in March 2024, a 22.2% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Beechgrove housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Beechgrove, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Beechgrove in March 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Beechgrove, TN
How long does it take to sell a home in Beechgrove, TN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 19 Days | 369 Days | +1842.1% |
Summary: Homes in Beechgrove had an average of 369 days on market in Mar 2024, up by 1842.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Beechgrove are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 1 homes were sold in Beechgrove; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
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