Is La Vergne, 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, La Vergne has remained a Seller's Market.
Key Takeaway
La Vergne is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in La Vergne, TN
How much do homes in La Vergne, TN cost?
Median Sold Price
$361,713
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in La Vergne have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in La Vergne was $361,713 in May 2024, up 2.3% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $260K | $251.5K | -3.3% |
| 3 Bedrooms | $336K | $345K | +2.7% |
| 4 Bedrooms | $477.8K | $467.5K | -2.2% |
| 5+ Bedrooms | $561.8K | $538K | -4.2% |
Summary: La Vergne 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 3.3%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes decreased by 4.2%.
Median Sold Price Compared To Nearby Cities
| Smyrna | $387.9K | $429.9K | +10.8% |
| La Vergne | $353.6K | $361.7K | +2.3% |
Housing Supply in La Vergne, TN
How many homes are available in La Vergne, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 142 | 135 | -4.9% |
Summary: The La Vergne real estate market had 135 homes for sale in May 2024, a 4.9% 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 | 15 | 16 | +6.7% |
| 3 Bedrooms | 84 | 83 | -1.2% |
| 4 Bedrooms | 33 | 24 | -27.3% |
| 5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The La Vergne 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 6.7%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 37 | 34 | -8.1% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in La Vergne, expect to pay close to the asking price. 41.2% of homes here sold near the asking price last month.
Summary: A total of 34 homes were sold or pending in La Vergne in May 2024, down by 8.1% month-over-month. Of the 34 sold homes, 29% were sold under asking, 41% were sold at asking, and 29% were sold over asking.
Days on Market for La Vergne, TN
How long does it take to sell a home in La Vergne, TN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 25 Days | 16 Days | -32.4% |
Summary: Homes in La Vergne had an average of 16 days on market in May 2024, down by 32.4% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in La Vergne are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 34 homes were sold in La Vergne; 74% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 3% 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.