Is Mount Juliet, 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, Mount Juliet has remained a Seller's Market.
Key Takeaway
Mount Juliet is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mount Juliet, TN
How much do homes in Mount Juliet, TN cost?
Median Sold Price
$549,991
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Mount Juliet have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Mount Juliet was $549,991 in April 2024, up 1.7% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $417.5K | $232.5K | -44.3% |
| 2 Bedrooms | $349.9K | $400K | +14.3% |
| 3 Bedrooms | $450K | $462.5K | +2.8% |
| 4 Bedrooms | $625K | $600.6K | -3.9% |
| 5+ Bedrooms | $700K | $699.9K | 0% |
Summary: Mount Juliet housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44.3%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Lebanon | $375.2K | $418.2K | +11.5% |
| Mount Juliet | $540.8K | $549.9K | +1.7% |
| Old Hickory | $377.7K | $379.9K | +0.6% |
| Hermitage | $414.5K | $416K | 0.3% |
Housing Supply in Mount Juliet, TN
How many homes are available in Mount Juliet, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 312 | 356 | +14.1% |
Summary: The Mount Juliet real estate market had 356 homes for sale in April 2024, a 14.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 27 | 26 | -3.7% |
| 3 Bedrooms | 120 | 148 | +23.3% |
| 4 Bedrooms | 128 | 143 | +11.7% |
| 5+ Bedrooms | 35 | 38 | +8.6% |
Summary: The Mount Juliet housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 3.7%, 3 bedroom homes increased by 23.3%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes increased by 8.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 75 | 74 | -1.3% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Juliet, you may be able to get a good deal. 48.6% of homes here sold below asking price last month.
Summary: A total of 74 homes were sold or pending in Mount Juliet in April 2024, down by 1.3% month-over-month. Of the 74 sold homes, 49% were sold under asking, 39% were sold at asking, and 12% were sold over asking.
Days on Market for Mount Juliet, TN
How long does it take to sell a home in Mount Juliet, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 28 Days | 32 Days | +12.4% |
Summary: Homes in Mount Juliet had an average of 32 days on market in Apr 2024, up by 12.4% compared to last year.
Breakdown of Home Sale Times
51 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mount Juliet are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 74 homes were sold in Mount Juliet; 69% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 7% 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. 
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