Is Bushtown / Highland Park, 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, Bushtown / Highland Park has remained a Seller's Market.
Key Takeaway
Bushtown / Highland Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bushtown / Highland Park, TN
How much do homes in Bushtown / Highland Park, TN cost?
Median Sold Price
$259,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Bushtown / Highland Park have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in Bushtown / Highland Park was $259,000 in April 2024, up 1.6% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $224.9K | $269K | +19.6% |
| 2 Bedrooms | $168K | $108K | -35.7% |
| 3 Bedrooms | $268.7K | $257.5K | -4.2% |
| 4 Bedrooms | $278.5K | $340.2K | +22.2% |
| 5+ Bedrooms | $166K | $320K | +92.8% |
Summary: Bushtown / Highland Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.6%, 2 bedroom homes decreased by 35.7%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 92.8%.
Housing Supply in Bushtown / Highland Park, TN
How many homes are available in Bushtown / Highland Park, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 56 | 58 | +3.6% |
Summary: The Bushtown / Highland Park real estate market had 58 homes for sale in April 2024, a 3.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 6 | -14.3% |
| 2 Bedrooms | 13 | 14 | +7.7% |
| 3 Bedrooms | 24 | 28 | +16.7% |
| 4 Bedrooms | 12 | 10 | -16.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Bushtown / Highland Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 16 | -11.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bushtown / Highland Park, expect to pay close to the asking price. 62.5% of homes here sold near the asking price last month.
Summary: A total of 16 homes were sold or pending in Bushtown / Highland Park in April 2024, down by 11.1% month-over-month. Of the 16 sold homes, 25% were sold under asking, 63% were sold at asking, and 13% were sold over asking.
Days on Market for Bushtown / Highland Park, TN
How long does it take to sell a home in Bushtown / Highland Park, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 26 Days | 35 Days | +32.9% |
Summary: Homes in Bushtown / Highland Park had an average of 35 days on market in Apr 2024, up by 32.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Bushtown / Highland Park has remained consistent over time.
Summary: During April 2024, 16 homes were sold in Bushtown / Highland Park; 0% of homes were sold within 30 days, 6% 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. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.