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 2022

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

$350,750

$213/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2022

+$40,762(+13.1%)

Key Takeaway

Homes in La Vergne have sold for 13.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2022May 2023%
1 --
N/A
2 $247.9K$260K
+4.9%
3 $307K$335K
+9.1%
4 $425K$455.6K
+7.2%
5+ $411K$561.8K
+36.7%

Median Sold Price Compared To Nearby Cities

La Vergne
+13.1%
Smyrna
+8.5%

How many homes are available in La Vergne, TN?

Number of Homes For Sale

Apr 2023May 2023%
181168-7.2%

Homes For Sale By Bedroom Count

# BEDSApr 2023May 2023%
1 00
0.0%
2 1814
-22.2%
3 9980
-19.2%
4 5566
+20.0%
5+ 98
-11.1%

Number of Homes Sold

Apr 2023May 2023%
4845-6.3%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in La Vergne, you may be able to get a good deal. 35.6% of homes here sold below asking price last month.

How long does it take to sell a home in La Vergne, TN?

How long does it take to sell a home in La Vergne, TN?

Average Sale Time

May 2022May 2023%
6 Days24 Days+288.8%

Breakdown of Home Sale Times

34 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

3 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.

What housing markets are near La Vergne, TN?

About La Vergne, TN

Number of homes for sale in La Vergne, TN real estate market have reached 168. The inventory of homes for sale in La Vergne, TN between April 2023 and May 2023 decreased by 7.2%. In May 2023, listings were on the market for 24 days. During the same period, the median list price in this real estate market was $350,750. From April 2023 through May 2023, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties increased by 4.9%, the cost of 3 bedrooms properties went up by 9.1%, 4 bedrooms properties became 7.2% more expensive, 5 bedrooms properties became 36.7% more expensive. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes stayed the same, 2 bedrooms homes became 22.2% less available, volume of 3 bedrooms homes went down by 19.2%, volume of 4 bedrooms homes went up by 20%, volume of 5 bedrooms homes went down by 11.1%. In May 2023 more than 13 listings in La Vergne, TN were sold above the asking price. During the same period more than 16 listings were sold at asking price, while more than 16 were sold below.