Is Bartlett, 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, Bartlett has remained a Seller's Market.
Key Takeaway
Bartlett is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bartlett, TN
How much do homes in Bartlett, TN cost?
Median Sold Price
$329,830
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bartlett have sold for 1.5% less than they did a year ago.
Summary: The median home sold price in Bartlett was $329,830 in May 2024, down 1.5% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $320.4K | $218K | -32.0% |
| 3 Bedrooms | $291.7K | $289.1K | -0.9% |
| 4 Bedrooms | $362.5K | $362.5K | 0.0% |
| 5+ Bedrooms | $413.5K | $420K | +1.6% |
Summary: Bartlett 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 32%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 1.6%.
Median Sold Price Compared To Nearby Cities
| Lakeland | $470K | $489.9K | +4.2% |
| Millington | $240K | $245K | +2.1% |
| Bartlett | $335K | $329.8K | -1.5% |
| Memphis | $207.7K | $192.8K | -7.1% |
Housing Supply in Bartlett, TN
How many homes are available in Bartlett, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 249 | 253 | +1.6% |
Summary: The Bartlett real estate market had 253 homes for sale in May 2024, a 1.6% 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 | 4 | 6 | +50.0% |
| 3 Bedrooms | 106 | 110 | +3.8% |
| 4 Bedrooms | 94 | 103 | +9.6% |
| 5+ Bedrooms | 45 | 34 | -24.4% |
Summary: The Bartlett 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 increased by 50%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes decreased by 24.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 71 | 67 | -5.6% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bartlett, expect to pay close to the asking price. 40.3% of homes here sold near the asking price last month.
Summary: A total of 67 homes were sold or pending in Bartlett in May 2024, down by 5.6% month-over-month. Of the 67 sold homes, 31% were sold under asking, 40% were sold at asking, and 28% were sold over asking.
Days on Market for Bartlett, TN
We’re sorry, we don't have information for this market at the moment
