Is Brighton, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brighton is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Brighton was a Seller's Market.

Key Takeaway

Brighton 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 Brighton, TN

How much do homes in Brighton, TN cost?

Median Sold Price

$255,000

-

Based on all homes sold in March 2024.

Difference Since Last Month

-$54,999(-17.7%)

Key Takeaway

Homes in Brighton have sold for 17.7% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 --
N/A
3 $256K$255K
-0.4%
4 $458.7K-
N/A
5+ $490K-
N/A

Summary: Brighton housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 0.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Atoka
-8.8%
Brighton
-17.7%

Housing Supply in Brighton, TN

How many homes are available in Brighton, TN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2520-20.0%

Summary: The Brighton real estate market had 20 homes for sale in March 2024, a 20.0% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1210
-16.7%
4 108
-20.0%
5+ 32
-33.3%

Summary: The Brighton 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 16.7%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
103-70.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Brighton, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in Brighton in March 2024, down by 70.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.

Days on Market for Brighton, TN

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 26 Days Ago

Newest Listings in Brighton, TN

Nearby Markets to Brighton, TN

What housing markets are near Brighton, TN?