Is Green Hills / Midtown, 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, Green Hills / Midtown was a Seller's Market.
Housing Prices in Green Hills / Midtown, TN
How much do homes in Green Hills / Midtown, TN cost?
Median Sold Price
$986,484
$415/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Green Hills / Midtown was $986,484 in April 2024, up 3.5% from last year, and the median price per square foot was $415.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $411.2K | $325K | -21.0% |
2 Bedrooms | $599.9K | $505.8K | -15.7% |
3 Bedrooms | $896.1K | $885K | -1.2% |
4 Bedrooms | $1.3M | $1.4M | +4.6% |
5+ Bedrooms | $2.3M | $2.3M | -3.7% |
Summary: Green Hills / Midtown housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21%, 2 bedroom homes decreased by 15.7%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes decreased by 3.7%.
Housing Supply in Green Hills / Midtown, TN
How many homes are available in Green Hills / Midtown, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
771 | 861 | +11.7% |
Summary: The Green Hills / Midtown real estate market had 861 homes for sale in April 2024, a 11.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 82 | 92 | +12.2% |
2 Bedrooms | 137 | 145 | +5.8% |
3 Bedrooms | 159 | 179 | +12.6% |
4 Bedrooms | 197 | 222 | +12.7% |
5+ Bedrooms | 196 | 223 | +13.8% |
Summary: The Green Hills / Midtown housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.2%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 13.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
139 | 122 | -12.2% |
Asking Price vs. Sold Price
75 Homes Were Sold
Under Asking
33 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 122 homes were sold or pending in Green Hills / Midtown in April 2024, down by 12.2% month-over-month. Of the 122 sold homes, 61% were sold under asking, 27% were sold at asking, and 11% were sold over asking.
Days on Market for Green Hills / Midtown, TN
How long does it take to sell a home in Green Hills / Midtown, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
29 Days | 35 Days | +22.4% |
Summary: Homes in Green Hills / Midtown had an average of 35 days on market in Apr 2024, up by 22.4% compared to last year.
Breakdown of Home Sale Times
84 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During April 2024, 122 homes were sold in Green Hills / Midtown; 69% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.