Is Walden / Mowbray / Flat Top Mountain, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Walden / Mowbray / Flat Top Mountain is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Walden / Mowbray / Flat Top Mountain has remained a Seller's Market.

Key Takeaway

Walden / Mowbray / Flat Top Mountain is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Walden / Mowbray / Flat Top Mountain, TN

How much do homes in Walden / Mowbray / Flat Top Mountain, TN cost?

Median Sold Price

$644,439

$233/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$74,689(+13.1%)

Key Takeaway

Homes in Walden / Mowbray / Flat Top Mountain have sold for 13.1% more than they did a year ago.

Summary: The median home sold price in Walden / Mowbray / Flat Top Mountain was $644,439 in March 2024, up 13.1% from last year, and the median price per square foot was $233.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$510K
N/A
2 $225K$325K
+44.4%
3 $430K$425K
-1.2%
4 $725K$820K
+13.1%
5+ $775K$899.9K
+16.1%

Summary: Walden / Mowbray / Flat Top Mountain 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 44.4%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes increased by 16.1%.

Median Sold Price Compared To Nearby Neighborhoods

Mountain Creek / Moccasin Bend
+26.6%
Walden / Mowbray / Flat Top Mountain
+13.1%
Bakewell
-1.4%
Falling Water / Browntown
-13.0%

Housing Supply in Walden / Mowbray / Flat Top Mountain, TN

How many homes are available in Walden / Mowbray / Flat Top Mountain, TN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
4544-2.2%

Summary: The Walden / Mowbray / Flat Top Mountain real estate market had 44 homes for sale in March 2024, a 2.2% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 14
+300.0%
3 1117
+54.5%
4 2819
-32.1%
5+ 54
-20.0%

Summary: The Walden / Mowbray / Flat Top Mountain 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 increased by 300%, 3 bedroom homes increased by 54.5%, 4 bedroom homes decreased by 32.1%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
138-38.5%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Walden / Mowbray / Flat Top Mountain, expect to pay close to the asking price. 62.5% of homes here sold near the asking price last month.

Summary: A total of 8 homes were sold or pending in Walden / Mowbray / Flat Top Mountain in March 2024, down by 38.5% month-over-month. Of the 8 sold homes, 0% were sold under asking, 63% were sold at asking, and 38% were sold over asking.

Days on Market for Walden / Mowbray / Flat Top Mountain, TN

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

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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Walden / Mowbray / Flat Top Mountain are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 8 homes were sold in Walden / Mowbray / Flat Top Mountain; 25% 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.

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

Report Updated 30 Days Ago

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