Is Falling Water / Browntown, 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, Falling Water / Browntown has remained a Seller's Market.
Key Takeaway
Falling Water / Browntown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Falling Water / Browntown, TN
How much do homes in Falling Water / Browntown, TN cost?
Median Sold Price
$341,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Falling Water / Browntown have sold for 11.3% less than they did a year ago.
Summary: The median home sold price in Falling Water / Browntown was $341,000 in April 2024, down 11.3% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $115K | N/A |
| 2 Bedrooms | $232.5K | $212.5K | -8.6% |
| 3 Bedrooms | $354K | $330K | -6.8% |
| 4 Bedrooms | $529K | $384.7K | -27.3% |
| 5+ Bedrooms | $690K | $340K | -50.7% |
Summary: Falling Water / Browntown 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 8.6%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes decreased by 50.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Hixson | $335K | $351K | +4.8% |
| Lupton City / Norcross | $280K | $291.5K | +4.1% |
| Dupont / Murray Hills | $308K | $320K | +3.9% |
| Falling Water / Browntown | $384.5K | $341K | -11.3% |
Housing Supply in Falling Water / Browntown, TN
How many homes are available in Falling Water / Browntown, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 44 | 35 | -20.5% |
Summary: The Falling Water / Browntown real estate market had 35 homes for sale in April 2024, a 20.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 2 | 0 | -100.0% |
| 3 Bedrooms | 25 | 24 | -4.0% |
| 4 Bedrooms | 11 | 9 | -18.2% |
| 5+ Bedrooms | 6 | 1 | -83.3% |
Summary: The Falling Water / Browntown housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 4%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes decreased by 83.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 11 | -42.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Falling Water / Browntown, expect to pay close to the asking price. 36.4% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in Falling Water / Browntown in April 2024, down by 42.1% month-over-month. Of the 11 sold homes, 27% were sold under asking, 36% were sold at asking, and 36% were sold over asking.
Days on Market for Falling Water / Browntown, TN
We’re sorry, we don't have information for this market at the moment
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
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