Is Bordeaux, 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, Bordeaux was a Seller's Market.
Key Takeaway
Bordeaux is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bordeaux, TN
How much do homes in Bordeaux, TN cost?
Median Sold Price
$491,765
$273/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Bordeaux have sold for 2.6% less than they did a year ago.
Summary: The median home sold price in Bordeaux was $491,765 in April 2024, down 2.6% from last year, and the median price per square foot was $273.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $418K | - | N/A |
| 2 Bedrooms | $320K | $336K | +5.0% |
| 3 Bedrooms | $425K | $512.8K | +20.7% |
| 4 Bedrooms | $948.6K | $502.1K | -47.1% |
| 5+ Bedrooms | $360K | $587.5K | +63.2% |
Summary: Bordeaux housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 20.7%, 4 bedroom homes decreased by 47.1%, and 5+ bedroom homes increased by 63.2%.
Median Sold Price Compared To Nearby Neighborhoods
| North Nashville | $555K | $564.6K | +1.7% |
| Bordeaux | $504.7K | $491.7K | -2.6% |
| Bordeaux Hills / River Meadows | $308K | $274.9K | -10.7% |
Housing Supply in Bordeaux, TN
How many homes are available in Bordeaux, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 65 | 67 | +3.1% |
Summary: The Bordeaux real estate market had 67 homes for sale in April 2024, a 3.1% 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 | 12 | 12 | 0.0% |
| 3 Bedrooms | 36 | 37 | +2.8% |
| 4 Bedrooms | 13 | 15 | +15.4% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Bordeaux 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 remained the same, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bordeaux, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Bordeaux in April 2024, up by 50.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% were sold over asking.
Days on Market for Bordeaux, TN
How long does it take to sell a home in Bordeaux, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 12 Days | 22 Days | +88.0% |
Summary: Homes in Bordeaux had an average of 22 days on market in Apr 2024, up by 88% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bordeaux are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in Bordeaux; 56% of homes were sold within 30 days, 44% 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.