Is Brighton, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brighton is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Brighton was a Neutral Market.

Key Takeaway

Brighton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Brighton, TN

How much do homes in Brighton, TN cost?

Median Sold Price

$275,000

-

Based on all homes sold in April 2024.

Difference Since Last Month

+$20,000(+7.8%)

Key Takeaway

Homes in Brighton have sold for 7.8% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 $255K$180K
-29.4%
4 -$399K
N/A
5+ -$530K
N/A

Summary: Brighton housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 29.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Brighton
+7.8%
Atoka
-2.1%

Housing Supply in Brighton, TN

How many homes are available in Brighton, TN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2125+19.0%

Summary: The Brighton real estate market had 25 homes for sale in April 2024, a 19.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 109
-10.0%
4 812
+50.0%
5+ 33
0.0%

Summary: The Brighton 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 decreased by 10%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
39+200.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Brighton, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Brighton in April 2024, up by 200.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Brighton, TN

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Brighton, TN

Nearby Markets to Brighton, TN

What housing markets are near Brighton, TN?