Is Greenbrier, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Greenbrier is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Greenbrier has remained a Seller's Market.

Key Takeaway

Greenbrier is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Greenbrier, TN

How much do homes in Greenbrier, TN cost?

Median Sold Price

$410,000

$226/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$36,000(+9.6%)

Key Takeaway

Homes in Greenbrier have sold for 9.6% more than they did a year ago.

Summary: The median home sold price in Greenbrier was $410,000 in May 2024, up 9.6% from last year, and the median price per square foot was $226.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$445K
N/A
2 $295K$298.5K
+1.2%
3 $360.2K$398.9K
+10.7%
4 $545K$540K
-0.9%
5+ $409.5K$855K
+108.8%

Summary: Greenbrier 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 increased by 1.2%, 3 bedroom homes increased by 10.7%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 108.8%.

Median Sold Price Compared To Nearby Cities

Greenbrier
+9.6%
Springfield
+7.1%
Ridgetop
+1.3%
Goodlettsville
-1.7%

Housing Supply in Greenbrier, TN

How many homes are available in Greenbrier, TN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
6674+12.1%

Summary: The Greenbrier real estate market had 74 homes for sale in May 2024, a 12.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 22
0.0%
3 4045
+12.5%
4 2123
+9.5%
5+ 34
+33.3%

Summary: The Greenbrier 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 12.5%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1421+50.0%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Greenbrier, you may be able to get a good deal. 61.9% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Greenbrier in May 2024, up by 50.0% month-over-month. Of the 21 sold homes, 62% were sold under asking, 29% were sold at asking, and 10% were sold over asking.

Days on Market for Greenbrier, TN

How long does it take to sell a home in Greenbrier, TN?

Average Sale Time

May 2023May 2024CHANGE
30 Days26 Days-15.2%

Summary: Homes in Greenbrier had an average of 26 days on market in May 2024, down by 15.2% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Greenbrier are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 21 homes were sold in Greenbrier; 62% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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