Is Midtown, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Midtown was a Neutral Market.
Key Takeaway
Midtown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Midtown, TN
How much do homes in Midtown, TN cost?
Median Sold Price
$260,000
-
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Midtown have sold for 24% less than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $143K | N/A |
| 3 Bedrooms | $360K | $335.5K | -6.8% |
| 4 Bedrooms | $368K | - | N/A |
| 5+ Bedrooms | $325K | - | N/A |
Summary: Midtown housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 6.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Green Meadows / Poplar Glen | $299.9K | $485K | +61.7% |
| Lenox | $235.5K | $247K | +4.9% |
| Evergreen Historic District | $370K | $382K | +3.2% |
| Midtown | $342K | $260K | -24.0% |
Housing Supply in Midtown, TN
How many homes are available in Midtown, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 30 | 39 | +30.0% |
Summary: The Midtown real estate market had 39 homes for sale in March 2024, a 30.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 13 | 15 | +15.4% |
| 3 Bedrooms | 7 | 11 | +57.1% |
| 4 Bedrooms | 1 | 4 | +300.0% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Midtown housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 57.1%, 4 bedroom homes increased by 300%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Midtown, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Midtown in March 2024, the same as the previous month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Midtown, TN
We’re sorry, we don't have information for this market at the moment
