Is Woodlawn, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
At the same time last year, Woodlawn was a Seller's Market.
Key Takeaway
Woodlawn is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Woodlawn, TN
How much do homes in Woodlawn, TN cost?
Median Sold Price
$308,000
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Woodlawn have sold for 12% more than they did a year ago.
Summary: The median home sold price in Woodlawn was $308,000 in November 2023, up 12% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $107.5K | $221.2K | +105.8% |
| 3 Bedrooms | $267K | $308K | +15.4% |
| 4 Bedrooms | $377.5K | $357.5K | -5.3% |
| 5+ Bedrooms | $710K | - | N/A |
Summary: Woodlawn housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 105.8%, 3 bedroom homes increased by 15.4%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes did not change.
Housing Supply in Woodlawn, TN
How many homes are available in Woodlawn, TN?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 18 | 22 | +22.2% |
Summary: The Woodlawn real estate market had 22 homes for sale in November 2023, a 22.2% increase compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 11 | 16 | +45.5% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Woodlawn housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 45.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Woodlawn, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Woodlawn in November 2023, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Woodlawn, TN
How long does it take to sell a home in Woodlawn, TN?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 54 Days | 13 Days | -76.1% |
Summary: Homes in Woodlawn had an average of 13 days on market in Nov 2023, down by 76.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Woodlawn are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 3 homes were sold in Woodlawn; 67% of homes were sold within 30 days, 33% 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.
© 2023 of the REALTRACS MLS. All rights Reserved.