Is East Brainerd, 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, East Brainerd has remained a Seller's Market.
Key Takeaway
East Brainerd is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Brainerd, TN
How much do homes in East Brainerd, TN cost?
Median Sold Price
$420,666
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in East Brainerd have sold for 11.7% more than they did a year ago.
Summary: The median home sold price in East Brainerd was $420,666 in April 2024, up 11.7% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $206K | - | N/A |
| 2 Bedrooms | $275K | $287.7K | +4.6% |
| 3 Bedrooms | $340K | $374.2K | +10.1% |
| 4 Bedrooms | $454K | $485K | +6.8% |
| 5+ Bedrooms | $725K | $577K | -20.4% |
Summary: East Brainerd 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 4.6%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes decreased by 20.4%.
Median Sold Price Compared To Nearby Neighborhoods
| East Brainerd | $376.6K | $420.6K | +11.7% |
| Hickory Valley / Hamilton Place | $360K | $344.9K | -4.2% |
Housing Supply in East Brainerd, TN
How many homes are available in East Brainerd, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 91 | 93 | +2.2% |
Summary: The East Brainerd real estate market had 93 homes for sale in April 2024, a 2.2% 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 | 6 | 9 | +50.0% |
| 3 Bedrooms | 32 | 32 | 0.0% |
| 4 Bedrooms | 44 | 43 | -2.3% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The East Brainerd 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 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 21 | 19 | -9.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Brainerd, you could pay more than the asking price. 52.6% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in East Brainerd in April 2024, down by 9.5% month-over-month. Of the 19 sold homes, 42% were sold under asking, 5% were sold at asking, and 53% were sold over asking.
Days on Market for East Brainerd, TN
How long does it take to sell a home in East Brainerd, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 21 Days | 12 Days | -39.7% |
Summary: Homes in East Brainerd had an average of 12 days on market in Apr 2024, down by 39.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Brainerd are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 19 homes were sold in East Brainerd; 37% of homes were sold within 30 days, 0% 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.