Is Woodlawn, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Woodlawn has remained a Seller's Market.
Housing Prices in Woodlawn, TN
How much do homes in Woodlawn, TN cost?
Median Sold Price
$312,500
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Woodlawn was $312,500 in March 2024, up 14.7% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $138.5K | $255K | +84.1% |
3 Bedrooms | $269.9K | $317.4K | +17.6% |
4 Bedrooms | $340K | $335K | -1.5% |
5+ Bedrooms | - | - | N/A |
Summary: Woodlawn housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 84.1%, 3 bedroom homes increased by 17.6%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Woodlawn | $272.5K | $312.5K | +14.7% |
Palmyra | $400K | $357.5K | -10.6% |
Indian Mound | $352.5K | $245K | -30.5% |
Housing Supply in Woodlawn, TN
How many homes are available in Woodlawn, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
30 | 28 | -6.7% |
Summary: The Woodlawn real estate market had 28 homes for sale in March 2024, a 6.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 22 | 24 | +9.1% |
4 Bedrooms | 6 | 2 | -66.7% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Woodlawn housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 6 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Woodlawn in March 2024, down by 25.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Woodlawn, TN
How long does it take to sell a home in Woodlawn, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
7 Days | 44 Days | +488.9% |
Summary: Homes in Woodlawn had an average of 44 days on market in Mar 2024, up by 488.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in Woodlawn; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.