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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sunbright is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Sunbright was a Seller's Market.

Key Takeaway

Sunbright is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Sunbright, TN

How much do homes in Sunbright, TN cost?

Median Sold Price

$350,000

$243/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$160,000(+84.2%)

Key Takeaway

Homes in Sunbright have sold for 84.2% more than they did a month ago.

Summary: The median home sold price in Sunbright was $350,000 in April 2024, up 84.2% from last month, and the median price per square foot was $243.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 $190K$350K
+84.2%
4 --
N/A
5+ --
N/A

Summary: Sunbright housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 84.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Sunbright, TN

How many homes are available in Sunbright, TN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
56+20.0%

Summary: The Sunbright real estate market had 6 homes for sale in April 2024, a 20.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 43
-25.0%
4 01
+100.0%
5+ 00
0.0%

Summary: The Sunbright 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 decreased by 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sunbright, you may be able to get a good deal. 100% of homes here sold below asking price last month.

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

Days on Market for Sunbright, TN

How long does it take to sell a home in Sunbright, TN?

Average Sale Time

Mar 2024Apr 2024CHANGE
12 Days135 Days+1025.0%

Summary: Homes in Sunbright had an average of 135 days on market in Apr 2024, up by 1025% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Sunbright are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 1 homes were sold in Sunbright; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.

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

Report Updated 5 Days Ago

Newest Listings in Sunbright, TN

Nearby Markets to Sunbright, TN