Is Arrington, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Arrington was a Buyer's Market.
Housing Prices in Arrington, TN
How much do homes in Arrington, TN cost?
Median Sold Price
$994,005
$287/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Arrington was $994,005 in April 2024, up 8.3% from last year, and the median price per square foot was $287.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $617.5K | $445K | -27.9% |
3 Bedrooms | $545K | $880K | +61.5% |
4 Bedrooms | $824K | $976.7K | +18.5% |
5+ Bedrooms | $1.3M | $1.1M | -18.8% |
Summary: Arrington 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 decreased by 27.9%, 3 bedroom homes increased by 61.5%, 4 bedroom homes increased by 18.5%, and 5+ bedroom homes decreased by 18.8%.
Median Sold Price Compared To Nearby Cities
College Grove | $1.1M | $1.4M | +33.8% |
Arrington | $917.7K | $994K | +8.3% |
Housing Supply in Arrington, TN
How many homes are available in Arrington, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
69 | 80 | +15.9% |
Summary: The Arrington real estate market had 80 homes for sale in April 2024, a 15.9% 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 | 1 | 2 | +100.0% |
3 Bedrooms | 6 | 6 | 0.0% |
4 Bedrooms | 26 | 35 | +34.6% |
5+ Bedrooms | 36 | 37 | +2.8% |
Summary: The Arrington 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 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 34.6%, and 5+ bedroom homes increased by 2.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 12 | +20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Arrington in April 2024, up by 20.0% month-over-month. Of the 12 sold homes, 33% were sold under asking, 58% were sold at asking, and 8% were sold over asking.
Days on Market for Arrington, TN
How long does it take to sell a home in Arrington, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
31 Days | 79 Days | +149.0% |
Summary: Homes in Arrington had an average of 79 days on market in Apr 2024, up by 149% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Arrington; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.