Is Glenwood / Eastdale, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Glenwood / Eastdale has remained a Seller's Market.
Key Takeaway
Glenwood / Eastdale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Glenwood / Eastdale, TN
How much do homes in Glenwood / Eastdale, TN cost?
Median Sold Price
$193,750
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Glenwood / Eastdale have sold for 17.2% less than they did a year ago.
Summary: The median home sold price in Glenwood / Eastdale was $193,750 in March 2024, down 17.2% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $96K | $76K | -20.8% |
| 2 Bedrooms | $160K | $161.5K | +0.9% |
| 3 Bedrooms | $235K | $207K | -11.9% |
| 4 Bedrooms | $385K | $295K | -23.4% |
| 5+ Bedrooms | $560K | $365K | -34.8% |
Summary: Glenwood / Eastdale housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.8%, 2 bedroom homes increased by 0.9%, 3 bedroom homes decreased by 11.9%, 4 bedroom homes decreased by 23.4%, and 5+ bedroom homes decreased by 34.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Avondale | $150K | $156K | +4.0% |
| Glenwood | $289K | $275K | -4.8% |
| Glenwood / Eastdale | $234K | $193.7K | -17.2% |
Housing Supply in Glenwood / Eastdale, TN
How many homes are available in Glenwood / Eastdale, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 32 | 34 | +6.3% |
Summary: The Glenwood / Eastdale real estate market had 34 homes for sale in March 2024, a 6.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 22 | 26 | +18.2% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Glenwood / Eastdale housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Glenwood / Eastdale, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Glenwood / Eastdale in March 2024, up by 50.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 44% were sold at asking, and 11% were sold over asking.
Days on Market for Glenwood / Eastdale, TN
How long does it take to sell a home in Glenwood / Eastdale, TN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 32 Days | 64 Days | +99.5% |
Summary: Homes in Glenwood / Eastdale had an average of 64 days on market in Mar 2024, up by 99.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Glenwood / Eastdale are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 9 homes were sold in Glenwood / Eastdale; 11% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% 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.