Is Burton Hills, 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, Burton Hills has remained a Seller's Market.
Key Takeaway
Burton Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Burton Hills, TN
How much do homes in Burton Hills, TN cost?
Median Sold Price
$517,500
$313/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Burton Hills have sold for 31% less than they did a year ago.
Summary: The median home sold price in Burton Hills was $517,500 in April 2024, down 31% from last year, and the median price per square foot was $313.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $499.9K | $430K | -14.0% |
| 3 Bedrooms | $805K | $537.5K | -33.2% |
| 4 Bedrooms | $850K | $1.0M | +18.4% |
| 5+ Bedrooms | $922K | $1.1M | +26.6% |
Summary: Burton Hills 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 decreased by 14%, 3 bedroom homes decreased by 33.2%, 4 bedroom homes increased by 18.4%, and 5+ bedroom homes increased by 26.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Green Hills / Midtown | $953.3K | $986.4K | +3.5% |
| Burton Hills | $750K | $517.5K | -31.0% |
Housing Supply in Burton Hills, TN
How many homes are available in Burton Hills, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Summary: The Burton Hills real estate market had 8 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 1 | 4 | +300.0% |
| 4 Bedrooms | 3 | 1 | -66.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Burton Hills 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 decreased by 25%, 3 bedroom homes increased by 300%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Burton Hills, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Burton Hills in April 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Burton Hills, TN
How long does it take to sell a home in Burton Hills, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 35 Days | 21 Days | -39.4% |
Summary: Homes in Burton Hills had an average of 21 days on market in Apr 2024, down by 39.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Burton Hills are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Burton Hills; 50% of homes were sold within 30 days, 50% 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.