Is Bristol, 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, Bristol has remained a Seller's Market.
Key Takeaway
Bristol is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bristol, TN
How much do homes in Bristol, TN cost?
Median Sold Price
$229,027
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Bristol have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in Bristol was $229,027 in April 2024, up 3.2% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $114.9K | $115.7K | +0.7% |
| 2 Bedrooms | $153K | $168K | +9.8% |
| 3 Bedrooms | $235K | $245K | +4.3% |
| 4 Bedrooms | $293.2K | $342.5K | +16.8% |
| 5+ Bedrooms | $375K | $443.4K | +18.3% |
Summary: Bristol housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.7%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes increased by 18.3%.
Median Sold Price Compared To Nearby Cities
| Bristol | $194.9K | $209.3K | +7.4% |
| Bristol | $194.9K | $209.3K | +7.4% |
| Blountville | $270K | $284.5K | +5.4% |
| Bristol | $221.9K | $229K | +3.2% |
| Bluff City | $282.5K | $273.7K | -3.1% |
Housing Supply in Bristol, TN
How many homes are available in Bristol, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 136 | 153 | +12.5% |
Summary: The Bristol real estate market had 153 homes for sale in April 2024, a 12.5% 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 | 34 | 35 | +2.9% |
| 3 Bedrooms | 66 | 76 | +15.2% |
| 4 Bedrooms | 27 | 30 | +11.1% |
| 5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The Bristol 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 2.9%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 32 | 44 | +37.5% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bristol, you may be able to get a good deal. 56.8% of homes here sold below asking price last month.
Summary: A total of 44 homes were sold or pending in Bristol in April 2024, up by 37.5% month-over-month. Of the 44 sold homes, 57% were sold under asking, 23% were sold at asking, and 20% were sold over asking.
Days on Market for Bristol, TN
How long does it take to sell a home in Bristol, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 47 Days | 62 Days | +31.5% |
Summary: Homes in Bristol had an average of 62 days on market in Apr 2024, up by 31.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
25 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Bristol has remained consistent over time.
Summary: During April 2024, 44 homes were sold in Bristol; 20% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms. 
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.