Is Northgate / Big Ridge, 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, Northgate / Big Ridge has remained a Seller's Market.
Key Takeaway
Northgate / Big Ridge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northgate / Big Ridge, TN
How much do homes in Northgate / Big Ridge, TN cost?
Median Sold Price
$430,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Northgate / Big Ridge have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Northgate / Big Ridge was $430,000 in April 2024, up 7.5% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $325.5K | $367.4K | +12.9% |
| 3 Bedrooms | $377.7K | $412K | +9.1% |
| 4 Bedrooms | $435K | $454K | +4.4% |
| 5+ Bedrooms | $487K | $615K | +26.3% |
Summary: Northgate / Big Ridge 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 increased by 12.9%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 26.3%.
Housing Supply in Northgate / Big Ridge, TN
How many homes are available in Northgate / Big Ridge, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 30 | 39 | +30.0% |
Summary: The Northgate / Big Ridge real estate market had 39 homes for sale in April 2024, a 30.0% increase 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 | 5 | 7 | +40.0% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 12 | 17 | +41.7% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Northgate / Big Ridge 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 increased by 40%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 17 | +466.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northgate / Big Ridge, you may be able to get a good deal. 64.7% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Northgate / Big Ridge in April 2024, up by 466.7% month-over-month. Of the 17 sold homes, 65% were sold under asking, 18% were sold at asking, and 18% were sold over asking.
Days on Market for Northgate / Big Ridge, TN
How long does it take to sell a home in Northgate / Big Ridge, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 6 Days | 21 Days | +221.0% |
Summary: Homes in Northgate / Big Ridge had an average of 21 days on market in Apr 2024, up by 221% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Northgate / Big Ridge are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 17 homes were sold in Northgate / Big Ridge; 24% of homes were sold within 30 days, 6% 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.