Is Burns, 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, Burns has remained a Seller's Market.
Housing Prices in Burns, TN
How much do homes in Burns, TN cost?
Median Sold Price
$402,450
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Burns was $402,450 in April 2024, down 3.6% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $320K | $320K | 0.0% |
3 Bedrooms | $404.5K | $400K | -1.1% |
4 Bedrooms | $444.9K | $453.5K | +1.9% |
5+ Bedrooms | $220K | - | N/A |
Summary: Burns 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 did not change, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Dickson | $315.2K | $343.6K | +9.0% |
Burns | $417.4K | $402.4K | -3.6% |
Housing Supply in Burns, TN
How many homes are available in Burns, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
41 | 45 | +9.8% |
Summary: The Burns real estate market had 45 homes for sale in April 2024, a 9.8% 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 | 2 | 3 | +50.0% |
3 Bedrooms | 32 | 30 | -6.3% |
4 Bedrooms | 6 | 10 | +66.7% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Burns 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 50%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 16 | +100.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Burns in April 2024, up by 100.0% month-over-month. Of the 16 sold homes, 44% were sold under asking, 38% were sold at asking, and 19% were sold over asking.
Days on Market for Burns, TN
How long does it take to sell a home in Burns, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
28 Days | 26 Days | -4.9% |
Summary: Homes in Burns had an average of 26 days on market in Apr 2024, down by 4.9% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 16 homes were sold in Burns; 75% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.