Is Clarksville, 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, Clarksville has remained a Seller's Market.
Key Takeaway
Clarksville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Clarksville, TN
How much do homes in Clarksville, TN cost?
Median Sold Price
$308,199
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Clarksville have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Clarksville was $308,199 in April 2024, up 2.7% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $138.7K | $177.5K | +27.9% |
| 2 Bedrooms | $215K | $223K | +3.7% |
| 3 Bedrooms | $277.5K | $288.3K | +3.9% |
| 4 Bedrooms | $363.7K | $374.4K | +2.9% |
| 5+ Bedrooms | $410K | $416K | +1.5% |
Summary: Clarksville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.9%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 1.5%.
Median Sold Price Compared To Nearby Cities
| Oak Grove | $186.7K | $219.5K | +17.5% |
| Oak Grove-Pembroke | $185.7K | $214.2K | +15.4% |
| Clarksville | $300K | $308.1K | +2.7% |
Housing Supply in Clarksville, TN
How many homes are available in Clarksville, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1,694 | 1,790 | +5.7% |
Summary: The Clarksville real estate market had 1,790 homes for sale in April 2024, a 5.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 115 | 129 | +12.2% |
| 3 Bedrooms | 1,001 | 1,058 | +5.7% |
| 4 Bedrooms | 452 | 466 | +3.1% |
| 5+ Bedrooms | 125 | 136 | +8.8% |
Summary: The Clarksville 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 12.2%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 8.8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 333 | 343 | +3.0% |
Asking Price vs. Sold Price
111 Homes Were Sold
Under Asking
184 Homes Were Sold
At Asking
48 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Clarksville, expect to pay close to the asking price. 53.6% of homes here sold near the asking price last month.
Summary: A total of 343 homes were sold or pending in Clarksville in April 2024, up by 3.0% month-over-month. Of the 343 sold homes, 32% were sold under asking, 54% were sold at asking, and 14% were sold over asking.
Days on Market for Clarksville, TN
How long does it take to sell a home in Clarksville, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 43 Days | 42 Days | -2.1% |
Summary: Homes in Clarksville had an average of 42 days on market in Apr 2024, down by 2.1% compared to last year.
Breakdown of Home Sale Times
207 Homes Were Sold
Under 30 Days
78 Homes Were Sold
In 30 - 90 Days
56 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Clarksville are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 343 homes were sold in Clarksville; 60% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.