Is Colonial Acres, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Colonial Acres was a Buyer's Market.
Housing Prices in Colonial Acres, TN
How much do homes in Colonial Acres, TN cost?
Median Sold Price
$215,000
-
Based on all homes sold in the last 12 months.
Difference Since April 2023
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $225K | $213.4K | -5.1% |
3 Bedrooms | $244K | $215K | -11.9% |
4 Bedrooms | $152.7K | $231.2K | +51.4% |
5+ Bedrooms | - | $596.5K | N/A |
Summary: Colonial Acres 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 decreased by 5.1%, 3 bedroom homes decreased by 11.9%, 4 bedroom homes increased by 51.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Southeast Memphis | $113.5K | $155K | +36.6% |
Sea Isle Park | $269.5K | $269.7K | 0.1% |
Colonial Acres | $228K | $215K | -5.7% |
Housing Supply in Colonial Acres, TN
How many homes are available in Colonial Acres, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
82 | 88 | +7.3% |
Summary: The Colonial Acres real estate market had 88 homes for sale in April 2024, a 7.3% 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 | 4 | 5 | +25.0% |
3 Bedrooms | 67 | 69 | +3.0% |
4 Bedrooms | 10 | 13 | +30.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Colonial Acres 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 25%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 30%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 15 | -28.6% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Colonial Acres in April 2024, down by 28.6% month-over-month. Of the 15 sold homes, 67% were sold under asking, 27% were sold at asking, and 7% were sold over asking.
Days on Market for Colonial Acres, TN
We’re sorry, we don't have information for this market at the moment