Is Wedgewood Houston, 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, Wedgewood Houston has remained a Seller's Market.
Key Takeaway
Wedgewood Houston is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wedgewood Houston, TN
How much do homes in Wedgewood Houston, TN cost?
Median Sold Price
$645,000
$391/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Wedgewood Houston have sold for 17.3% more than they did a year ago.
Summary: The median home sold price in Wedgewood Houston was $645,000 in April 2024, up 17.3% from last year, and the median price per square foot was $391.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $352.3K | $350K | -0.7% |
| 2 Bedrooms | $519.9K | $545K | +4.8% |
| 3 Bedrooms | $782.5K | $800.9K | +2.4% |
| 4 Bedrooms | $899.9K | $904.5K | 0.5% |
| 5+ Bedrooms | $690K | $780K | +13.0% |
Summary: Wedgewood Houston housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.7%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 13%.
Median Sold Price Compared To Nearby Neighborhoods
| Wedgewood Houston | $550K | $645K | +17.3% |
| South Nashville | $428K | $450K | +5.1% |
| Green Hills / Midtown | $953.3K | $986.4K | +3.5% |
Housing Supply in Wedgewood Houston, TN
How many homes are available in Wedgewood Houston, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 45 | 51 | +13.3% |
Summary: The Wedgewood Houston real estate market had 51 homes for sale in April 2024, a 13.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 9 | +12.5% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 16 | 19 | +18.8% |
| 4 Bedrooms | 10 | 12 | +20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Wedgewood Houston housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes remained the same, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 10 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wedgewood Houston, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 10 homes were sold or pending in Wedgewood Houston in April 2024, up by 100.0% month-over-month. Of the 10 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% were sold over asking.
Days on Market for Wedgewood Houston, TN
How long does it take to sell a home in Wedgewood Houston, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 22 Days | 11 Days | -50.5% |
Summary: Homes in Wedgewood Houston had an average of 11 days on market in Apr 2024, down by 50.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wedgewood Houston are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 10 homes were sold in Wedgewood Houston; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.