Is Arrington, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Arrington has remained a Neutral Market.
Housing Prices in Arrington, TN
How much do homes in Arrington, TN cost?
Median Sold Price
$990,654
$286/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Arrington was $990,654 in May 2024, up 6.2% from last year, and the median price per square foot was $286.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $650K | $445K | -31.5% |
3 Bedrooms | $520K | $875.1K | +68.3% |
4 Bedrooms | $834.9K | $965.2K | +15.6% |
5+ Bedrooms | $1.3M | $1.1M | -18.8% |
Summary: Arrington housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 31.5%, 3 bedroom homes increased by 68.3%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes decreased by 18.8%.
Median Sold Price Compared To Nearby Cities
College Grove | $1.1M | $1.5M | +36.6% |
Arrington | $932.3K | $990.6K | +6.2% |
Housing Supply in Arrington, TN
How many homes are available in Arrington, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
73 | 86 | +17.8% |
Summary: The Arrington real estate market had 86 homes for sale in May 2024, a 17.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 6 | 10 | +66.7% |
4 Bedrooms | 33 | 37 | +12.1% |
5+ Bedrooms | 31 | 36 | +16.1% |
Summary: The Arrington housing inventory by bedroom type for May 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 66.7%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 16.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 14 | -12.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Arrington in May 2024, down by 12.5% month-over-month. Of the 14 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Arrington, TN
How long does it take to sell a home in Arrington, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
28 Days | 33 Days | +20.4% |
Summary: Homes in Arrington had an average of 33 days on market in May 2024, up by 20.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 14 homes were sold in Arrington; 71% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.