Is West Meade, 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, West Meade was a Seller's Market.
Housing Prices in West Meade, TN
How much do homes in West Meade, TN cost?
Median Sold Price
$1,190,000
$420/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in West Meade was $1,190,000 in April 2024, up 4.8% from last year, and the median price per square foot was $420.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $890K | $750K | -15.7% |
3 Bedrooms | $795K | $750K | -5.7% |
4 Bedrooms | $1.1M | $1.1M | -2.2% |
5+ Bedrooms | $2.6M | $2.1M | -19.0% |
Summary: West Meade 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 15.7%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes decreased by 19%.
Housing Supply in West Meade, TN
How many homes are available in West Meade, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
40 | 43 | +7.5% |
Summary: The West Meade real estate market had 43 homes for sale in April 2024, a 7.5% increase 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 | 1 | 2 | +100.0% |
3 Bedrooms | 15 | 14 | -6.7% |
4 Bedrooms | 7 | 8 | +14.3% |
5+ Bedrooms | 17 | 19 | +11.8% |
Summary: The West Meade 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 6.7%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 11.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 3 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in West Meade in April 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for West Meade, TN
How long does it take to sell a home in West Meade, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
16 Days | 30 Days | +85.7% |
Summary: Homes in West Meade had an average of 30 days on market in Apr 2024, up by 85.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in West Meade; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.