Is La Vergne, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing La Vergne is a seller's market

Buyer's
Market

Difference Since May 2021

Since last year, La Vergne has remained a Seller's Market.

Key Takeaway

La Vergne is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in La Vergne, TN cost?

Median Sold Price

$308,250

$206/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$53,250(+20.9%)

Key Takeaway

Homes in La Vergne have sold for 20.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 --
N/A
2 $187.7K$247.9K
+32.1%
3 $249.4K$306.6K
+23.0%
4 $330K$421K
+27.6%
5+ $362.5K$407K
+12.3%

Median Sold Price Compared To Nearby Cities

Smyrna
+21.3%
La Vergne
+20.9%
Hermitage
+20.2%

How many homes are available in La Vergne, TN?

Number of Homes For Sale

Apr 2022May 2022%
145139-4.1%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 00
0.0%
2 2525
0.0%
3 8984
-5.6%
4 2827
-3.6%
5+ 33
0.0%

Number of Homes Sold

Apr 2022May 2022%
5351-3.8%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

28 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in La Vergne, you could pay more than the asking price. 56% of homes here sold above asking price last month.

Average Sale Time

May 2021May 2022%
7 Days6 Days-16.1%

Breakdown of Home Sale Times

49 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in La Vergne are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About La Vergne, TN

La Vergne, TN has 139 homes on the market. Between April 2022 and May 2022, La Vergne, TN real estate market has seen decrease in the number of listings by 4.1%. In May 2022, listings were on the market for 6 days. During the same period, the median list price in this real estate market was $308,250. Real estate listing prices changed between April 2022 and May 2022: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties went up by 32.1%, prices of 3 bedrooms properties went up by 23%, 4 bedrooms properties became 27.6% more expensive, 5 bedrooms properties prices increased by 12.3%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes did not move, number of 2 bedrooms homes remained the same, 3 bedrooms homes became 5.6% less available, 4 bedrooms homes became 3.6% less available, 5 bedrooms homes inventory did not change. In May 2022 more than 28 listings in La Vergne, TN were sold above the asking price. During the same period more than 13 listings were sold at asking price, while more than 9 were sold below.

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