Is Brainerd, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Brainerd has remained a Seller's Market.
Housing Prices in Brainerd, TN
How much do homes in Brainerd, TN cost?
Median Sold Price
$285,000
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Brainerd was $285,000 in April 2024, up 5.6% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $230K | $255K | +10.9% |
3 Bedrooms | $257K | $285K | +10.9% |
4 Bedrooms | $375K | $336.5K | -10.3% |
5+ Bedrooms | $533.9K | $530K | -0.7% |
Summary: Brainerd 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 10.9%, 3 bedroom homes increased by 10.9%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes decreased by 0.7%.
Median Sold Price Compared To Nearby Neighborhoods
North Brainerd Sunshine | $210.5K | $250K | +18.8% |
Brainerd | $270K | $285K | +5.6% |
Housing Supply in Brainerd, TN
How many homes are available in Brainerd, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
42 | 43 | +2.4% |
Summary: The Brainerd real estate market had 43 homes for sale in April 2024, a 2.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 11 | 15 | +36.4% |
3 Bedrooms | 19 | 19 | 0.0% |
4 Bedrooms | 7 | 4 | -42.9% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Brainerd 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 increased by 36.4%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 11 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Brainerd in April 2024, the same as the previous month. Of the 11 sold homes, 0% were sold under asking, 45% were sold at asking, and 55% were sold over asking.
Days on Market for Brainerd, TN
How long does it take to sell a home in Brainerd, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
3 Days | 2 Days | -33.3% |
Summary: Homes in Brainerd had an average of 2 days on market in Apr 2024, down by 33.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in Brainerd; 27% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.