Is Westhaven, 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, Westhaven has remained a Seller's Market.
Housing Prices in Westhaven, TN
How much do homes in Westhaven, TN cost?
Median Sold Price
$1,300,106
$425/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Westhaven was $1,300,106 in April 2024, down 1.1% from last year, and the median price per square foot was $425.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $725K | $732.5K | +1.0% |
3 Bedrooms | $1.0M | $978.5K | -5.0% |
4 Bedrooms | $1.3M | $1.3M | -3.8% |
5+ Bedrooms | $2.0M | $2.0M | +4.0% |
Summary: Westhaven housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1%, 3 bedroom homes decreased by 5%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 4%.
Housing Supply in Westhaven, TN
How many homes are available in Westhaven, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
61 | 77 | +26.2% |
Summary: The Westhaven real estate market had 77 homes for sale in April 2024, a 26.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 9 | +80.0% |
3 Bedrooms | 13 | 13 | 0.0% |
4 Bedrooms | 22 | 26 | +18.2% |
5+ Bedrooms | 21 | 29 | +38.1% |
Summary: The Westhaven 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 80%, 3 bedroom homes remained the same, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 38.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 18 | +100.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Westhaven in April 2024, up by 100.0% month-over-month. Of the 18 sold homes, 44% were sold under asking, 39% were sold at asking, and 17% were sold over asking.
Days on Market for Westhaven, TN
How long does it take to sell a home in Westhaven, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
43 Days | 51 Days | +17.0% |
Summary: Homes in Westhaven had an average of 51 days on market in Apr 2024, up by 17% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in Westhaven; 39% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.