Is Cool Springs, 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, Cool Springs has remained a Seller's Market.
Key Takeaway
Cool Springs is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cool Springs, TN
How much do homes in Cool Springs, TN cost?
Median Sold Price
$775,000
$290/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Cool Springs have sold for 2.2% less than they did a year ago.
Summary: The median home sold price in Cool Springs was $775,000 in April 2024, down 2.2% from last year, and the median price per square foot was $290.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $414.9K | N/A |
| 2 Bedrooms | $400K | $427.3K | +6.8% |
| 3 Bedrooms | $621K | $630K | +1.4% |
| 4 Bedrooms | $880K | $870K | -1.1% |
| 5+ Bedrooms | $1.2M | $1.2M | +7.7% |
Summary: Cool Springs 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 6.8%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 7.7%.
Median Sold Price Compared To Nearby Neighborhoods
| McKay's Mill | $785K | $808K | +2.9% |
| Cool Springs | $792K | $775K | -2.2% |
Housing Supply in Cool Springs, TN
How many homes are available in Cool Springs, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 124 | 114 | -8.1% |
Summary: The Cool Springs real estate market had 114 homes for sale in April 2024, a 8.1% 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 | 12 | 11 | -8.3% |
| 3 Bedrooms | 33 | 26 | -21.2% |
| 4 Bedrooms | 47 | 43 | -8.5% |
| 5+ Bedrooms | 32 | 34 | +6.3% |
Summary: The Cool Springs 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 decreased by 8.3%, 3 bedroom homes decreased by 21.2%, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 33 | 34 | +3.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cool Springs, you may be able to get a good deal. 38.2% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in Cool Springs in April 2024, up by 3.0% month-over-month. Of the 34 sold homes, 38% were sold under asking, 29% were sold at asking, and 32% were sold over asking.
Days on Market for Cool Springs, TN
How long does it take to sell a home in Cool Springs, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 22 Days | 25 Days | +15.2% |
Summary: Homes in Cool Springs had an average of 25 days on market in Apr 2024, up by 15.2% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cool Springs are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 34 homes were sold in Cool Springs; 76% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 12% 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.