Is Walnut Grove, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Walnut Grove was a Seller's Market.
Key Takeaway
Walnut Grove is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Walnut Grove, TN
How much do homes in Walnut Grove, TN cost?
Median Sold Price
$301,500
-
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Walnut Grove have sold for 12.2% less than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $310K | - | N/A |
| 4 Bedrooms | $343.5K | $301.5K | -12.2% |
| 5+ Bedrooms | $465K | - | N/A |
Summary: Walnut Grove housing prices by bedroom type for March 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 did not change, 4 bedroom homes decreased by 12.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Walnut Grove Lake | $295.5K | $359.9K | +21.8% |
| River Edge | $762.5K | $810K | +6.2% |
| Fisherville | $386K | $379.4K | -1.7% |
| Walnut Grove | $343.5K | $301.5K | -12.2% |
Housing Supply in Walnut Grove, TN
How many homes are available in Walnut Grove, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 27 | 29 | +7.4% |
Summary: The Walnut Grove real estate market had 29 homes for sale in March 2024, a 7.4% increase 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 5 | +66.7% |
| 4 Bedrooms | 15 | 15 | 0.0% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Walnut Grove 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 increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Walnut Grove, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Walnut Grove in March 2024, down by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Walnut Grove, TN
We’re sorry, we don't have information for this market at the moment
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.