Is Elmwood, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Elmwood was a Seller's Market.
Housing Prices in Elmwood, TN
How much do homes in Elmwood, TN cost?
Median Sold Price
$279,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Elmwood was $279,000 in May 2024, down 10% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $107.5K | $234.4K | +118.1% |
2 Bedrooms | $267.5K | $270K | +0.9% |
3 Bedrooms | $327.5K | $292K | -10.8% |
4 Bedrooms | $299.9K | $585K | +95.1% |
5+ Bedrooms | - | - | N/A |
Summary: Elmwood housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 118.1%, 2 bedroom homes increased by 0.9%, 3 bedroom homes decreased by 10.8%, 4 bedroom homes increased by 95.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Elmwood | $309.9K | $279K | -10.0% |
Gordonsville | $325K | $285K | -12.3% |
Housing Supply in Elmwood, TN
How many homes are available in Elmwood, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 11 | +10.0% |
Summary: The Elmwood real estate market had 11 homes for sale in May 2024, a 10.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 5 | 5 | 0.0% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Elmwood housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Elmwood in May 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Elmwood, TN
How long does it take to sell a home in Elmwood, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
49 Days | 30 Days | -39.4% |
Summary: Homes in Elmwood had an average of 30 days on market in May 2024, down by 39.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 1 homes were sold in Elmwood; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.