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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Burns is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Burns has remained a Seller's Market.

Key Takeaway

Burns is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Burns, TN cost?

Median Sold Price

$379,900

$216/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$85,667(+29.1%)

Key Takeaway

Homes in Burns have sold for 29.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $216.6K$210K
-3.1%
3 $284.6K$366.7K
+28.9%
4 $370.9K$439.9K
+18.6%
5+ -$220K
N/A

Median Sold Price Compared To Nearby Cities

Burns
+29.1%
Dickson
+11.0%

How many homes are available in Burns, TN?

Number of Homes For Sale

Oct 2022Nov 2022%
880.0%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 00
0.0%
3 77
0.0%
4 11
0.0%
5+ 00
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
220.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Burns, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
30 Days5 Days-83.6%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Burns are selling fast, if you're buying plan to act quickly.

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

About Burns, TN

Homes for sale in Burns, TN have reached 8. The median list price of listings available in November 2022 was $379,900, while the average time on the real estate market was 5 days. Real estate listing prices changed between October 2022 and November 2022: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went down by 3.1%, prices of 3 bedrooms properties increased by 28.9%, prices of 4 bedrooms properties went up by 18.6%, the cost of 5 bedrooms properties went up by 0%. Housing inventory have changed in this real estate market: volume of 1 bedroom homes stayed the same, the quantity of 2 bedrooms homes have not changed, 3 bedrooms homes did not move, volume of 4 bedrooms homes stayed the same, the quantity of 5 bedrooms homes have not changed. Burns, TN housing market in November 2022 saw over 0 listings sold above listed price, more than 1 sold at listed price and over 1 sold below.

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