Is Castalian Springs, 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, Castalian Springs has remained a Seller's Market.
Key Takeaway
Castalian Springs is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Castalian Springs, TN
How much do homes in Castalian Springs, TN cost?
Median Sold Price
$440,000
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Castalian Springs have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Castalian Springs was $440,000 in March 2024, up 7.3% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $400.5K | $385K | -3.9% |
| 3 Bedrooms | $409K | $412.6K | +0.9% |
| 4 Bedrooms | $552.3K | $610K | +10.4% |
| 5+ Bedrooms | $1.2M | $665K | -44.6% |
Summary: Castalian Springs housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.9%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes decreased by 44.6%.
Median Sold Price Compared To Nearby Cities
| Hartsville | $299.9K | $350K | +16.7% |
| Castalian Springs | $410K | $440K | +7.3% |
| Bethpage | $368.5K | $380K | +3.1% |
Housing Supply in Castalian Springs, TN
How many homes are available in Castalian Springs, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 24 | +41.2% |
Summary: The Castalian Springs real estate market had 24 homes for sale in March 2024, a 41.2% increase 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 | 13 | 19 | +46.2% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Castalian Springs 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 46.2%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 8 | +166.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Castalian Springs, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Castalian Springs in March 2024, up by 166.7% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Castalian Springs, TN
How long does it take to sell a home in Castalian Springs, TN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 35 Days | 19 Days | -45.0% |
Summary: Homes in Castalian Springs had an average of 19 days on market in Mar 2024, down by 45% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Castalian Springs are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in Castalian Springs; 88% of homes were sold within 30 days, 13% 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.