Is Middle Valley, 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, Middle Valley has remained a Seller's Market.
Housing Prices in Middle Valley, TN
How much do homes in Middle Valley, TN cost?
Median Sold Price
$350,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Middle Valley was $350,000 in March 2024, up 16.7% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $260K | $150K | -42.3% |
3 Bedrooms | $285K | $329.9K | +15.8% |
4 Bedrooms | $350K | $391K | +11.7% |
5+ Bedrooms | $555K | $545K | -1.8% |
Summary: Middle Valley 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 42.3%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes decreased by 1.8%.
Median Sold Price Compared To Nearby Neighborhoods
Middle Valley | $299.9K | $350K | +16.7% |
Northgate / Big Ridge | $395K | $430K | +8.9% |
Hixson | $335K | $350K | +4.5% |
Harrison | $298K | $309.9K | +4.0% |
Housing Supply in Middle Valley, TN
How many homes are available in Middle Valley, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
33 | 47 | +42.4% |
Summary: The Middle Valley real estate market had 47 homes for sale in March 2024, a 42.4% increase 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 | 2 | 2 | 0.0% |
3 Bedrooms | 21 | 29 | +38.1% |
4 Bedrooms | 10 | 15 | +50.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Middle Valley 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 increased by 38.1%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 16 | +433.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Middle Valley in March 2024, up by 433.3% month-over-month. Of the 16 sold homes, 50% were sold under asking, 6% were sold at asking, and 44% were sold over asking.
Days on Market for Middle Valley, TN
How long does it take to sell a home in Middle Valley, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
3 Days | 63 Days | +2000.0% |
Summary: Homes in Middle Valley had an average of 63 days on market in Mar 2024, up by 2000% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in Middle Valley; 0% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.