Is Sylvan Park, 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, Sylvan Park has remained a Seller's Market.
Housing Prices in Sylvan Park, TN
How much do homes in Sylvan Park, TN cost?
Median Sold Price
$906,500
$449/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sylvan Park was $906,500 in April 2024, up 0.7% from last year, and the median price per square foot was $449.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $323K | $322.5K | -0.2% |
2 Bedrooms | $495K | $580K | +17.2% |
3 Bedrooms | $797.5K | $815K | +2.2% |
4 Bedrooms | $1.5M | $1.4M | -9.7% |
5+ Bedrooms | $1.5M | $1.7M | +10.5% |
Summary: Sylvan Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.2%, 2 bedroom homes increased by 17.2%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes increased by 10.5%.
Median Sold Price Compared To Nearby Neighborhoods
Sylvan Park | $899.9K | $906.5K | +0.7% |
Knob Hill Area | $655K | $463K | -29.3% |
Housing Supply in Sylvan Park, TN
How many homes are available in Sylvan Park, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
36 | 35 | -2.8% |
Summary: The Sylvan Park real estate market had 35 homes for sale in April 2024, a 2.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 5 | 4 | -20.0% |
3 Bedrooms | 7 | 6 | -14.3% |
4 Bedrooms | 16 | 17 | +6.3% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Sylvan Park 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 decreased by 20%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 8 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Sylvan Park in April 2024, the same as the previous month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Sylvan Park, TN
How long does it take to sell a home in Sylvan Park, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
25 Days | 17 Days | -33.5% |
Summary: Homes in Sylvan Park had an average of 17 days on market in Apr 2024, down by 33.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Sylvan Park; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.