Is Berry Hill, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
At the same time last year, Berry Hill was a Seller's Market.
Key Takeaway
Berry Hill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices
How much do homes in Berry Hill, TN cost?
Median Sold Price
$404,950
$439/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
Homes in Berry Hill have sold for 17.9% less than they did a year ago.
Summary: The median home sold price in Berry Hill was $404,950 in August 2023, down 17.9% from last year, and the median price per square foot was $439.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $354.9K | $369.7K | +4.2% |
| 2 Bedrooms | $440K | $560K | +27.3% |
| 3 Bedrooms | $622K | $700K | +12.5% |
| 4 Bedrooms | $1.0M | $1.2M | +17.5% |
| 5+ Bedrooms | - | - | N/A |
Summary: Berry Hill housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 4.2%, 2 bedroom homes increased by 27.3%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 17.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Nashville | $495.1K | $511.3K | +3.3% |
| Berry Hill | $493K | $404.9K | -17.9% |
Housing Supply
How many homes are available in Berry Hill, TN?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 9 | 12 | +33.3% |
Summary: The Berry Hill real estate market had 12 homes for sale in August 2023, a 33.3% increase compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 5 | -16.7% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 0 | 4 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Berry Hill housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Berry Hill, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Berry Hill in August 2023, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market
How long does it take to sell a home in Berry Hill, TN?
Average Sale Time
| Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|
| 36 Days | 39 Days | +8.3% |
Summary: Homes in Berry Hill had an average of 39 days on market in Aug 2023, up by 8.3% 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
Key Takeaway
Avg time on Rocket Homes in Berry Hill has remained consistent over time.
Summary: During August 2023, 1 homes were sold in Berry Hill; 0% of homes were sold within 30 days, 100% 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.
© 2023 of the REALTRACS MLS. All rights Reserved.