Is Westview / Mountain Shadows, 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, Westview / Mountain Shadows has remained a Seller's Market.
Key Takeaway
Westview / Mountain Shadows is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Westview / Mountain Shadows, TN
How much do homes in Westview / Mountain Shadows, TN cost?
Median Sold Price
$399,900
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Westview / Mountain Shadows have sold for 2.8% less than they did a year ago.
Summary: The median home sold price in Westview / Mountain Shadows was $399,900 in April 2024, down 2.8% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $157K | N/A |
| 2 Bedrooms | $290K | $337.4K | +16.4% |
| 3 Bedrooms | $371.2K | $370.5K | -0.2% |
| 4 Bedrooms | $425K | $410K | -3.5% |
| 5+ Bedrooms | $620.9K | $605K | -2.6% |
Summary: Westview / Mountain Shadows 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 16.4%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes decreased by 2.6%.
Housing Supply in Westview / Mountain Shadows, TN
How many homes are available in Westview / Mountain Shadows, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 58 | 64 | +10.3% |
Summary: The Westview / Mountain Shadows real estate market had 64 homes for sale in April 2024, a 10.3% increase 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 24 | 26 | +8.3% |
| 4 Bedrooms | 22 | 27 | +22.7% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Westview / Mountain Shadows 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 33.3%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 22.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 21 | +61.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Westview / Mountain Shadows, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Westview / Mountain Shadows in April 2024, up by 61.5% month-over-month. Of the 21 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for Westview / Mountain Shadows, TN
How long does it take to sell a home in Westview / Mountain Shadows, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 18 Days | 41 Days | +118.3% |
Summary: Homes in Westview / Mountain Shadows had an average of 41 days on market in Apr 2024, up by 118.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Westview / Mountain Shadows are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 21 homes were sold in Westview / Mountain Shadows; 19% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 5% 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.