Is Millersville, 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, Millersville has remained a Seller's Market.
Key Takeaway
Millersville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Millersville, TN
How much do homes in Millersville, TN cost?
Median Sold Price
$353,000
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Millersville have sold for 5.9% less than they did a year ago.
Summary: The median home sold price in Millersville was $353,000 in May 2024, down 5.9% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $219K | - | N/A |
| 2 Bedrooms | $255K | $288K | +12.9% |
| 3 Bedrooms | $370K | $349.9K | -5.4% |
| 4 Bedrooms | $530K | $425K | -19.8% |
| 5+ Bedrooms | $642.5K | $580K | -9.7% |
Summary: Millersville 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 12.9%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes decreased by 19.8%, and 5+ bedroom homes decreased by 9.7%.
Median Sold Price Compared To Nearby Cities
| Ridgetop | $399.9K | $405K | +1.3% |
| White House | $390.8K | $394.3K | +0.9% |
| Goodlettsville | $402.4K | $395.5K | -1.7% |
| Goodlettsville | $400K | $391.5K | -2.1% |
| Millersville | $375K | $353K | -5.9% |
Housing Supply in Millersville, TN
How many homes are available in Millersville, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 20 | -25.9% |
Summary: The Millersville real estate market had 20 homes for sale in May 2024, a 25.9% decrease 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 14 | 10 | -28.6% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Millersville 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 decreased by 50%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 5 | -44.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Millersville, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Millersville in May 2024, down by 44.4% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Millersville, TN
How long does it take to sell a home in Millersville, TN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 59 Days | 32 Days | -45.5% |
Summary: Homes in Millersville had an average of 32 days on market in May 2024, down by 45.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Millersville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Millersville; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% 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.