Is Cedarmont Estates, 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, Cedarmont Estates has remained a Seller's Market.
Key Takeaway
Cedarmont Estates is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cedarmont Estates, TN
How much do homes in Cedarmont Estates, TN cost?
Median Sold Price
$315,000
$164/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Cedarmont Estates have sold for 44.2% less than they did a month ago.
Summary: The median home sold price in Cedarmont Estates was $315,000 in April 2024, down 44.2% from last month, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $730K | $315K | -56.8% |
| 4 Bedrooms | $399.5K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Cedarmont Estates housing prices by bedroom type for April 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 decreased by 56.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Barnes Crossing | $297.4K | $297K | -0.2% |
| Cedarmont Estates | $564.7K | $315K | -44.2% |
Housing Supply in Cedarmont Estates, TN
How many homes are available in Cedarmont Estates, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Summary: The Cedarmont Estates real estate market had 2 homes for sale in April 2024, a 50.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 2 | 1 | -50.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Cedarmont Estates 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 remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cedarmont Estates, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Cedarmont Estates in April 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Cedarmont Estates, TN
How long does it take to sell a home in Cedarmont Estates, TN?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 Days | 51 Days | +325.0% |
Summary: Homes in Cedarmont Estates had an average of 51 days on market in Apr 2024, up by 325% compared to last month.
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 Cedarmont Estates has remained consistent over time.
Summary: During April 2024, 1 homes were sold in Cedarmont Estates; 0% of homes were sold within 30 days, 100% 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.