Is La Vergne, 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, La Vergne has remained a Seller's Market.
Housing Prices in La Vergne, TN
How much do homes in La Vergne, TN cost?
Median Sold Price
$362,396
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in La Vergne was $362,396 in April 2024, up 2.2% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $261.5K | $253.6K | -3.0% |
3 Bedrooms | $340.2K | $342K | 0.5% |
4 Bedrooms | $474.9K | $467.5K | -1.6% |
5+ Bedrooms | $510.1K | $545K | +6.8% |
Summary: La Vergne 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 3%, 3 bedroom homes increased by 0.5%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 6.8%.
Median Sold Price Compared To Nearby Cities
Smyrna | $389.9K | $425.2K | +9.0% |
La Vergne | $354.6K | $362.3K | +2.2% |
Housing Supply in La Vergne, TN
How many homes are available in La Vergne, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
137 | 134 | -2.2% |
Summary: The La Vergne real estate market had 134 homes for sale in April 2024, a 2.2% decrease 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 | 15 | 16 | +6.7% |
3 Bedrooms | 86 | 80 | -7.0% |
4 Bedrooms | 28 | 32 | +14.3% |
5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The La Vergne 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 6.7%, 3 bedroom homes decreased by 7%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
39 | 35 | -10.3% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in La Vergne in April 2024, down by 10.3% month-over-month. Of the 35 sold homes, 40% were sold under asking, 43% were sold at asking, and 17% were sold over asking.
Days on Market for La Vergne, TN
How long does it take to sell a home in La Vergne, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
30 Days | 24 Days | -18.1% |
Summary: Homes in La Vergne had an average of 24 days on market in Apr 2024, down by 18.1% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 35 homes were sold in La Vergne; 74% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.