Is Fairview, 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, Fairview has remained a Seller's Market.
Housing Prices in Fairview, TN
How much do homes in Fairview, TN cost?
Median Sold Price
$460,000
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Fairview was $460,000 in April 2024, down 4.2% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $252.4K | $303.9K | +20.4% |
3 Bedrooms | $430K | $413.1K | -3.9% |
4 Bedrooms | $596K | $585.4K | -1.8% |
5+ Bedrooms | $725K | $756.1K | +4.3% |
Summary: Fairview 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 20.4%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes increased by 4.3%.
Median Sold Price Compared To Nearby Cities
Fairview | $480K | $460K | -4.2% |
Bon Aqua | $392.5K | $362.5K | -7.6% |
Housing Supply in Fairview, TN
How many homes are available in Fairview, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
93 | 115 | +23.7% |
Summary: The Fairview real estate market had 115 homes for sale in April 2024, a 23.7% 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 | 7 | 1 | -85.7% |
3 Bedrooms | 55 | 63 | +14.5% |
4 Bedrooms | 21 | 36 | +71.4% |
5+ Bedrooms | 9 | 14 | +55.6% |
Summary: The Fairview 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 85.7%, 3 bedroom homes increased by 14.5%, 4 bedroom homes increased by 71.4%, and 5+ bedroom homes increased by 55.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 22 | +22.2% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Fairview in April 2024, up by 22.2% month-over-month. Of the 22 sold homes, 41% were sold under asking, 41% were sold at asking, and 18% were sold over asking.
Days on Market for Fairview, TN
How long does it take to sell a home in Fairview, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
54 Days | 27 Days | -48.7% |
Summary: Homes in Fairview had an average of 27 days on market in Apr 2024, down by 48.7% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 22 homes were sold in Fairview; 68% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.