Is Lupton City / Norcross, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lupton City / Norcross has remained a Seller's Market.
Key Takeaway
Lupton City / Norcross is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lupton City / Norcross, TN
How much do homes in Lupton City / Norcross, TN cost?
Median Sold Price
$291,500
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lupton City / Norcross have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in Lupton City / Norcross was $291,500 in April 2024, up 4.1% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $232K | N/A |
| 2 Bedrooms | $245K | $244.6K | -0.2% |
| 3 Bedrooms | $275.6K | $265K | -3.9% |
| 4 Bedrooms | $370K | $360K | -2.7% |
| 5+ Bedrooms | $335K | $585K | +74.6% |
Summary: Lupton City / Norcross housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.2%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes increased by 74.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Manchester Park | $252.5K | $346K | +37.0% |
| Lupton City / Norcross | $280K | $291.5K | +4.1% |
| Fairfax / Bagwell | $295K | $290.7K | -1.4% |
Housing Supply in Lupton City / Norcross, TN
How many homes are available in Lupton City / Norcross, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 29 | 27 | -6.9% |
Summary: The Lupton City / Norcross real estate market had 27 homes for sale in April 2024, a 6.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 6 | -33.3% |
| 3 Bedrooms | 15 | 19 | +26.7% |
| 4 Bedrooms | 3 | 1 | -66.7% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Lupton City / Norcross housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 26.7%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 11 | -35.3% |
Asking Price vs. Sold Price
6 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 Lupton City / Norcross, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Lupton City / Norcross in April 2024, down by 35.3% month-over-month. Of the 11 sold homes, 55% were sold under asking, 36% were sold at asking, and 9% were sold over asking.
Days on Market for Lupton City / Norcross, TN
How long does it take to sell a home in Lupton City / Norcross, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 1 Day | 35 Days | +3400.0% |
Summary: Homes in Lupton City / Norcross had an average of 35 days on market in Apr 2024, up by 3400% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lupton City / Norcross has remained consistent over time.
Summary: During April 2024, 11 homes were sold in Lupton City / Norcross; 0% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% 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.