Is Gruetli-Laager, 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, Gruetli-Laager has remained a Seller's Market.
Key Takeaway
Gruetli-Laager is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gruetli-Laager, TN
How much do homes in Gruetli-Laager, TN cost?
Median Sold Price
$186,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Gruetli-Laager have sold for 12.7% more than they did a year ago.
Summary: The median home sold price in Gruetli-Laager was $186,000 in March 2024, up 12.7% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $328.5K | N/A |
| 2 Bedrooms | $115K | $203.5K | +77.0% |
| 3 Bedrooms | $165K | $200K | +21.2% |
| 4 Bedrooms | - | $160K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Gruetli-Laager housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 77%, 3 bedroom homes increased by 21.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Gruetli-Laager, TN
How many homes are available in Gruetli-Laager, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Summary: The Gruetli-Laager real estate market had 9 homes for sale in March 2024, a 12.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Gruetli-Laager housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Gruetli-Laager, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Gruetli-Laager in March 2024, up by 100.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Gruetli-Laager, TN
How long does it take to sell a home in Gruetli-Laager, TN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 122 Days | 83 Days | -31.6% |
Summary: Homes in Gruetli-Laager had an average of 83 days on market in Mar 2024, down by 31.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Gruetli-Laager are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in Gruetli-Laager; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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.