Is Pine Lake Meadows, 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, Pine Lake Meadows has remained a Seller's Market.
Key Takeaway
Pine Lake Meadows is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pine Lake Meadows, TN
How much do homes in Pine Lake Meadows, TN cost?
Median Sold Price
$346,500
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Pine Lake Meadows have sold for 2.4% less than they did a year ago.
Summary: The median home sold price in Pine Lake Meadows was $346,500 in April 2024, down 2.4% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $250K | N/A |
| 2 Bedrooms | $243.5K | $220K | -9.7% |
| 3 Bedrooms | $356K | $340.3K | -4.4% |
| 4 Bedrooms | $360K | $374.9K | +4.1% |
| 5+ Bedrooms | $400K | $425K | +6.3% |
Summary: Pine Lake Meadows 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 9.7%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 6.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Nashboro Woods | $385K | $392K | +1.8% |
| Castlegate | $261K | $262.5K | +0.6% |
| Pine Lake Meadows | $355K | $346.5K | -2.4% |
Housing Supply in Pine Lake Meadows, TN
How many homes are available in Pine Lake Meadows, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 11 | +37.5% |
Summary: The Pine Lake Meadows real estate market had 11 homes for sale in April 2024, a 37.5% 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Pine Lake Meadows 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 100%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 6 | +500.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pine Lake Meadows, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Pine Lake Meadows in April 2024, up by 500.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Pine Lake Meadows, TN
How long does it take to sell a home in Pine Lake Meadows, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 41 Days | 7 Days | -80.9% |
Summary: Homes in Pine Lake Meadows had an average of 7 days on market in Apr 2024, down by 80.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pine Lake Meadows are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in Pine Lake Meadows; 100% of homes were sold within 30 days, 0% 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.