Is Mount Juliet, 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, Mount Juliet has remained a Seller's Market.
Key Takeaway
Mount Juliet is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mount Juliet, TN
How much do homes in Mount Juliet, TN cost?
Median Sold Price
$549,935
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Mount Juliet have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in Mount Juliet was $549,935 in May 2024, up 1.2% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $310K | $232.5K | -25.0% |
| 2 Bedrooms | $345.5K | $401.5K | +16.2% |
| 3 Bedrooms | $449.9K | $463K | +2.9% |
| 4 Bedrooms | $623.5K | $599.9K | -3.8% |
| 5+ Bedrooms | $699.3K | $699.9K | 0.1% |
Summary: Mount Juliet housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 16.2%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 0.1%.
Median Sold Price Compared To Nearby Cities
| Lebanon | $374.9K | $420K | +12.0% |
| Hermitage | $411.1K | $423.9K | +3.1% |
| Old Hickory | $375K | $385K | +2.7% |
| Mount Juliet | $543.3K | $549.9K | +1.2% |
Housing Supply in Mount Juliet, TN
How many homes are available in Mount Juliet, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 381 | 415 | +8.9% |
Summary: The Mount Juliet real estate market had 415 homes for sale in May 2024, a 8.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 27 | 28 | +3.7% |
| 3 Bedrooms | 148 | 168 | +13.5% |
| 4 Bedrooms | 157 | 173 | +10.2% |
| 5+ Bedrooms | 48 | 46 | -4.2% |
Summary: The Mount Juliet housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes decreased by 4.2%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 86 | 93 | +8.1% |
Asking Price vs. Sold Price
48 Homes Were Sold
Under Asking
31 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Juliet, you may be able to get a good deal. 52.2% of homes here sold below asking price last month.
Summary: A total of 93 homes were sold or pending in Mount Juliet in May 2024, up by 8.1% month-over-month. Of the 92 sold homes, 52% were sold under asking, 34% were sold at asking, and 14% were sold over asking.
Days on Market for Mount Juliet, TN
How long does it take to sell a home in Mount Juliet, TN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 23 Days | 22 Days | -4.3% |
Summary: Homes in Mount Juliet had an average of 22 days on market in May 2024, down by 4.3% compared to last year.
Breakdown of Home Sale Times
73 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mount Juliet are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 93 homes were sold in Mount Juliet; 78% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 8% 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. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Greater Chattanooga Association of Realtors®. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright© 2024 Greater Chattanooga Association of REALTORS®.