Is Ridgedale / Oak Grove / Clifton Hills, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ridgedale / Oak Grove / Clifton Hills is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Ridgedale / Oak Grove / Clifton Hills has remained a Seller's Market.

Key Takeaway

Ridgedale / Oak Grove / Clifton Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Ridgedale / Oak Grove / Clifton Hills, TN

How much do homes in Ridgedale / Oak Grove / Clifton Hills, TN cost?

Median Sold Price

$279,900

$194/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$44,900(+19.1%)

Key Takeaway

Homes in Ridgedale / Oak Grove / Clifton Hills have sold for 19.1% more than they did a year ago.

Summary: The median home sold price in Ridgedale / Oak Grove / Clifton Hills was $279,900 in April 2024, up 19.1% from last year, and the median price per square foot was $194.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$279.9K
N/A
2 $130K$160K
+23.1%
3 $267.5K$241K
-9.9%
4 $315K$375K
+19.0%
5+ $360K-
N/A

Summary: Ridgedale / Oak Grove / Clifton Hills 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 23.1%, 3 bedroom homes decreased by 9.9%, 4 bedroom homes increased by 19%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Ridgedale / Oak Grove / Clifton Hills
+19.1%
Highland Park
+2.8%

Housing Supply in Ridgedale / Oak Grove / Clifton Hills, TN

How many homes are available in Ridgedale / Oak Grove / Clifton Hills, TN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
4977+57.1%

Summary: The Ridgedale / Oak Grove / Clifton Hills real estate market had 77 homes for sale in April 2024, a 57.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 34
+33.3%
2 1936
+89.5%
3 1729
+70.6%
4 97
-22.2%
5+ 11
0.0%

Summary: The Ridgedale / Oak Grove / Clifton Hills housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 89.5%, 3 bedroom homes increased by 70.6%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1314+7.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ridgedale / Oak Grove / Clifton Hills, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 14 homes were sold or pending in Ridgedale / Oak Grove / Clifton Hills in April 2024, up by 7.7% month-over-month. Of the 14 sold homes, 29% were sold under asking, 50% were sold at asking, and 21% were sold over asking.

Days on Market for Ridgedale / Oak Grove / Clifton Hills, TN

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

Newest Listings in Ridgedale / Oak Grove / Clifton Hills, TN

Nearby Markets to Ridgedale / Oak Grove / Clifton Hills, TN