Is Parkwood / Union Hill, 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, Parkwood / Union Hill has remained a Seller's Market.
Key Takeaway
Parkwood / Union Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Parkwood / Union Hill, TN
How much do homes in Parkwood / Union Hill, TN cost?
Median Sold Price
$412,510
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Parkwood / Union Hill have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in Parkwood / Union Hill was $412,510 in April 2024, up 4.4% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $320K | $309.9K | -3.2% |
| 3 Bedrooms | $372.5K | $379.9K | +2.0% |
| 4 Bedrooms | $468.1K | $461.8K | -1.3% |
| 5+ Bedrooms | $526.2K | $511.8K | -2.7% |
Summary: Parkwood / Union Hill 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 decreased by 3.2%, 3 bedroom homes increased by 2%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes decreased by 2.7%.
Housing Supply in Parkwood / Union Hill, TN
How many homes are available in Parkwood / Union Hill, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 126 | 134 | +6.3% |
Summary: The Parkwood / Union Hill real estate market had 134 homes for sale in April 2024, a 6.3% 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 | 6 | 10 | +66.7% |
| 3 Bedrooms | 76 | 81 | +6.6% |
| 4 Bedrooms | 34 | 36 | +5.9% |
| 5+ Bedrooms | 10 | 7 | -30.0% |
Summary: The Parkwood / Union Hill 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 66.7%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 30%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 36 | 23 | -36.1% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Parkwood / Union Hill, you may be able to get a good deal. 56.5% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Parkwood / Union Hill in April 2024, down by 36.1% month-over-month. Of the 23 sold homes, 57% were sold under asking, 30% were sold at asking, and 13% were sold over asking.
Days on Market for Parkwood / Union Hill, TN
How long does it take to sell a home in Parkwood / Union Hill, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 32 Days | 31 Days | -3.3% |
Summary: Homes in Parkwood / Union Hill had an average of 31 days on market in Apr 2024, down by 3.3% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Parkwood / Union Hill are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 23 homes were sold in Parkwood / Union Hill; 61% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 4% 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.