Is La Vergne, 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, La Vergne has remained a Seller's Market.
Housing Prices in La Vergne, TN
How much do homes in La Vergne, TN cost?
Median Sold Price
$360,333
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in La Vergne was $360,333 in March 2024, up 1.7% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $260K | $253.6K | -2.4% |
3 Bedrooms | $340.4K | $340K | -0.1% |
4 Bedrooms | $479.9K | $471.9K | -1.7% |
5+ Bedrooms | $468.5K | $545K | +16.3% |
Summary: La Vergne 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 decreased by 2.4%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 16.3%.
Median Sold Price Compared To Nearby Cities
Smyrna | $388.2K | $424.4K | +9.3% |
La Vergne | $354.2K | $360.3K | +1.7% |
Housing Supply in La Vergne, TN
How many homes are available in La Vergne, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
144 | 125 | -13.2% |
Summary: The La Vergne real estate market had 125 homes for sale in March 2024, a 13.2% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 17 | 14 | -17.6% |
3 Bedrooms | 87 | 77 | -11.5% |
4 Bedrooms | 30 | 25 | -16.7% |
5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The La Vergne 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 decreased by 17.6%, 3 bedroom homes decreased by 11.5%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
31 | 28 | -9.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in La Vergne in March 2024, down by 9.7% month-over-month. Of the 28 sold homes, 36% were sold under asking, 46% were sold at asking, and 18% were sold over asking.
Days on Market for La Vergne, TN
How long does it take to sell a home in La Vergne, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
44 Days | 27 Days | -38.7% |
Summary: Homes in La Vergne had an average of 27 days on market in Mar 2024, down by 38.7% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 28 homes were sold in La Vergne; 71% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.