Is Speedwell, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Speedwell has remained a Buyer's Market.
Housing Prices in Speedwell, TN
How much do homes in Speedwell, TN cost?
Median Sold Price
$240,000
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Speedwell was $240,000 in March 2024, down 5.9% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $168K | N/A |
2 Bedrooms | $164.9K | $187.5K | +13.7% |
3 Bedrooms | $260K | $235K | -9.6% |
4 Bedrooms | $206K | $549.9K | +166.9% |
5+ Bedrooms | $605K | $799.9K | +32.2% |
Summary: Speedwell housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.7%, 3 bedroom homes decreased by 9.6%, 4 bedroom homes increased by 166.9%, and 5+ bedroom homes increased by 32.2%.
Housing Supply in Speedwell, TN
How many homes are available in Speedwell, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
33 | 30 | -9.1% |
Summary: The Speedwell real estate market had 30 homes for sale in March 2024, a 9.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 20 | 18 | -10.0% |
4 Bedrooms | 3 | 2 | -33.3% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Speedwell housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Speedwell in March 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Speedwell, TN
How long does it take to sell a home in Speedwell, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
38 Days | 16 Days | -56.6% |
Summary: Homes in Speedwell had an average of 16 days on market in Mar 2024, down by 56.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 2 homes were sold in Speedwell; 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.