Is Springville, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Springville is a buyer's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Springville was a Neutral Market.

Key Takeaway

Springville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Springville, TN

How much do homes in Springville, TN cost?

Median Sold Price

$574,000

$293/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$17,500(+3.1%)

Key Takeaway

Homes in Springville have sold for 3.1% more than they did a year ago.

Summary: The median home sold price in Springville was $574,000 in April 2024, up 3.1% from last year, and the median price per square foot was $293.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $81.7K$60K
-26.6%
2 $355K$576K
+62.3%
3 $460.4K$400K
-13.1%
4 $1.1M-
N/A
5+ $998.4K$465K
-53.4%

Summary: Springville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.6%, 2 bedroom homes increased by 62.3%, 3 bedroom homes decreased by 13.1%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 53.4%.

Housing Supply in Springville, TN

How many homes are available in Springville, TN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1014+40.0%

Summary: The Springville real estate market had 14 homes for sale in April 2024, a 40.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 12
+100.0%
2 12
+100.0%
3 79
+28.6%
4 11
0.0%
5+ 00
0.0%

Summary: The Springville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Springville, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Springville in April 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Springville, 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 3 Days Ago

Newest Listings in Springville, TN

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