Is Charlotte 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, Charlotte Park has remained a Seller's Market.
Key Takeaway
Charlotte Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Charlotte Park, TN
How much do homes in Charlotte Park, TN cost?
Median Sold Price
$672,000
$302/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Charlotte Park have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Charlotte Park was $672,000 in April 2024, up 6.9% from last year, and the median price per square foot was $302.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | - | N/A |
| 2 Bedrooms | $260K | $320K | +23.1% |
| 3 Bedrooms | $650K | $625K | -3.8% |
| 4 Bedrooms | $732K | $760K | +3.8% |
| 5+ Bedrooms | $624.9K | $610K | -2.4% |
Summary: Charlotte Park 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 increased by 23.1%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 2.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Robertson | $580K | $627.5K | +8.2% |
| Charlotte Park | $628.7K | $672K | +6.9% |
Housing Supply in Charlotte Park, TN
How many homes are available in Charlotte Park, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 71 | 83 | +16.9% |
Summary: The Charlotte Park real estate market had 83 homes for sale in April 2024, a 16.9% increase 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 | 5 | 6 | +20.0% |
| 3 Bedrooms | 35 | 44 | +25.7% |
| 4 Bedrooms | 30 | 32 | +6.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Charlotte Park 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 increased by 20%, 3 bedroom homes increased by 25.7%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 20 | +42.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Charlotte Park, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 20 homes were sold or pending in Charlotte Park in April 2024, up by 42.9% month-over-month. Of the 20 sold homes, 15% were sold under asking, 50% were sold at asking, and 35% were sold over asking.
Days on Market for Charlotte Park, TN
How long does it take to sell a home in Charlotte Park, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 35 Days | 16 Days | -52.5% |
Summary: Homes in Charlotte Park had an average of 16 days on market in Apr 2024, down by 52.5% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Charlotte Park are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 20 homes were sold in Charlotte Park; 70% of homes were sold within 30 days, 30% 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.