Is Bristol, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Bristol has remained a Seller's Market.
Housing Prices in Bristol, TN
How much do homes in Bristol, TN cost?
Median Sold Price
$227,625
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Bristol was $227,625 in March 2024, up 3.5% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $114.9K | $116.5K | +1.4% |
2 Bedrooms | $150K | $166.9K | +11.3% |
3 Bedrooms | $230K | $245K | +6.5% |
4 Bedrooms | $286.5K | $349.9K | +22.1% |
5+ Bedrooms | $375K | $443.4K | +18.3% |
Summary: Bristol housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.4%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 22.1%, and 5+ bedroom homes increased by 18.3%.
Median Sold Price Compared To Nearby Cities
Bristol | $186.5K | $214K | +14.7% |
Bristol | $187K | $214K | +14.4% |
Blountville | $265K | $296.7K | +12.0% |
Bristol | $220K | $227.6K | +3.5% |
Bluff City | $275K | $269K | -2.2% |
Housing Supply in Bristol, TN
How many homes are available in Bristol, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
110 | 128 | +16.4% |
Summary: The Bristol real estate market had 128 homes for sale in March 2024, a 16.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 32 | 32 | 0.0% |
3 Bedrooms | 47 | 61 | +29.8% |
4 Bedrooms | 21 | 27 | +28.6% |
5+ Bedrooms | 10 | 7 | -30.0% |
Summary: The Bristol housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 29.8%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes decreased by 30%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
30 | 30 | 0.0% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Bristol in March 2024, the same as the previous month. Of the 30 sold homes, 60% were sold under asking, 17% were sold at asking, and 23% were sold over asking.
Days on Market for Bristol, TN
How long does it take to sell a home in Bristol, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
49 Days | 77 Days | +57.0% |
Summary: Homes in Bristol had an average of 77 days on market in Mar 2024, up by 57% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During March 2024, 30 homes were sold in Bristol; 13% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.