Is Burton Valley, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Burton Valley has remained a Seller's Market.
Housing Prices in Burton Valley, TN
How much do homes in Burton Valley, TN cost?
Median Sold Price
$2,868,250
$541/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in Burton Valley was $2,868,250 in March 2024, up 11.6% from last month, and the median price per square foot was $541.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | - | - | N/A |
4 Bedrooms | $878K | $1.6M | +92.1% |
5+ Bedrooms | $2.9M | $4.0M | +38.0% |
Summary: Burton Valley 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 did not change, 4 bedroom homes increased by 92.1%, and 5+ bedroom homes increased by 38%.
Housing Supply in Burton Valley, TN
How many homes are available in Burton Valley, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 10 | -9.1% |
Summary: The Burton Valley real estate market had 10 homes for sale in March 2024, a 9.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 1 | 2 | +100.0% |
4 Bedrooms | 3 | 2 | -33.3% |
5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Burton Valley 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 increased by 100%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 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
Summary: A total of 2 homes were sold or pending in Burton Valley in March 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 Valley, TN
How long does it take to sell a home in Burton Valley, TN?
Average Sale Time
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
144 Days | 13 Days | -90.6% |
Summary: Homes in Burton Valley had an average of 13 days on market in Mar 2024, down by 90.6% compared to last month.
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
Summary: During March 2024, 2 homes were sold in Burton Valley; 100% 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.