Is Dupont / Murray Hills, 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, Dupont / Murray Hills has remained a Seller's Market.
Key Takeaway
Dupont / Murray Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dupont / Murray Hills, TN
How much do homes in Dupont / Murray Hills, TN cost?
Median Sold Price
$320,000
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Dupont / Murray Hills have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in Dupont / Murray Hills was $320,000 in April 2024, up 3.9% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $349K | N/A |
| 2 Bedrooms | $200K | $220K | +10.0% |
| 3 Bedrooms | $300K | $309.9K | +3.3% |
| 4 Bedrooms | $379K | $375K | -1.1% |
| 5+ Bedrooms | $385K | $425K | +10.4% |
Summary: Dupont / Murray Hills 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 10%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 10.4%.
Housing Supply in Dupont / Murray Hills, TN
How many homes are available in Dupont / Murray Hills, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 58 | 60 | +3.4% |
Summary: The Dupont / Murray Hills real estate market had 60 homes for sale in April 2024, a 3.4% 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 | 1 | -80.0% |
| 3 Bedrooms | 37 | 34 | -8.1% |
| 4 Bedrooms | 13 | 18 | +38.5% |
| 5+ Bedrooms | 3 | 7 | +133.3% |
Summary: The Dupont / Murray Hills 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 80%, 3 bedroom homes decreased by 8.1%, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes increased by 133.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 27 | +35.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dupont / Murray Hills, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.
Summary: A total of 27 homes were sold or pending in Dupont / Murray Hills in April 2024, up by 35.0% month-over-month. Of the 27 sold homes, 26% were sold under asking, 44% were sold at asking, and 30% were sold over asking.
Days on Market for Dupont / Murray Hills, TN
How long does it take to sell a home in Dupont / Murray Hills, TN?
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Dupont / Murray Hills are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 27 homes were sold in Dupont / Murray Hills; 15% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 4% 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.