Is Lyles, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Lyles was a Seller's Market.
Key Takeaway
Lyles is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lyles, TN
How much do homes in Lyles, TN cost?
Median Sold Price
$325,000
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Lyles have sold for 4.3% less than they did a year ago.
Summary: The median home sold price in Lyles was $325,000 in March 2024, down 4.3% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $153K | $272.5K | +78.1% |
| 2 Bedrooms | $270K | $266.9K | -1.1% |
| 3 Bedrooms | $353.7K | $323.5K | -8.5% |
| 4 Bedrooms | $315K | $413.5K | +31.3% |
| 5+ Bedrooms | $1.5M | $325K | -78.3% |
Summary: Lyles housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 78.1%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes decreased by 8.5%, 4 bedroom homes increased by 31.3%, and 5+ bedroom homes decreased by 78.3%.
Median Sold Price Compared To Nearby Cities
| Lyles | $339.5K | $325K | -4.3% |
| Bon Aqua | $387.5K | $352.5K | -9.0% |
Housing Supply in Lyles, TN
How many homes are available in Lyles, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 9 | -30.8% |
Summary: The Lyles real estate market had 9 homes for sale in March 2024, a 30.8% decrease 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 2 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lyles 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 remained the same, 3 bedroom homes decreased by 22.2%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 1 | -83.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lyles, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Lyles in March 2024, down by 83.3% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Lyles, TN
How long does it take to sell a home in Lyles, TN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 75 Days | 3 Days | -96.0% |
Summary: Homes in Lyles had an average of 3 days on market in Mar 2024, down by 96% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lyles are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 1 homes were sold in Lyles; 100% of homes were sold within 30 days, 0% 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.