Is Edge Hill, 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, Edge Hill was a Neutral Market.
Housing Prices in Edge Hill, TN
How much do homes in Edge Hill, TN cost?
Median Sold Price
$1,025,000
$475/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Edge Hill was $1,025,000 in April 2024, down 5.1% from last year, and the median price per square foot was $475.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $355K | $381.2K | +7.4% |
2 Bedrooms | $575K | $697.5K | +21.3% |
3 Bedrooms | $1.2M | $897.5K | -28.2% |
4 Bedrooms | $1.1M | $1.2M | +10.7% |
5+ Bedrooms | $1.5M | $1.5M | +2.9% |
Summary: Edge Hill housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.4%, 2 bedroom homes increased by 21.3%, 3 bedroom homes decreased by 28.2%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 2.9%.
Housing Supply in Edge Hill, TN
How many homes are available in Edge Hill, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
55 | 66 | +20.0% |
Summary: The Edge Hill real estate market had 66 homes for sale in April 2024, a 20.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 5 | +150.0% |
2 Bedrooms | 13 | 11 | -15.4% |
3 Bedrooms | 17 | 23 | +35.3% |
4 Bedrooms | 17 | 20 | +17.6% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Edge Hill housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes decreased by 15.4%, 3 bedroom homes increased by 35.3%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 5 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Edge Hill in April 2024, down by 50.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% were sold over asking.
Days on Market for Edge Hill, TN
How long does it take to sell a home in Edge Hill, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
10 Days | 57 Days | +458.8% |
Summary: Homes in Edge Hill had an average of 57 days on market in Apr 2024, up by 458.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Edge Hill; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.