Is Ridgetop, 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, Ridgetop has remained a Seller's Market.
Key Takeaway
Ridgetop is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ridgetop, TN
How much do homes in Ridgetop, TN cost?
Median Sold Price
$405,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Ridgetop have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in Ridgetop was $405,000 in May 2024, up 1.3% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $246.6K | - | N/A |
| 3 Bedrooms | $399.9K | $400K | 0.0% |
| 4 Bedrooms | $499.9K | $405K | -19.0% |
| 5+ Bedrooms | $437K | $550K | +25.9% |
Summary: Ridgetop 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 did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 19%, and 5+ bedroom homes increased by 25.9%.
Median Sold Price Compared To Nearby Cities
| Greenbrier | $374K | $410K | +9.6% |
| Ridgetop | $399.9K | $405K | +1.3% |
| Goodlettsville | $402.4K | $395.5K | -1.7% |
| Millersville | $375K | $353K | -5.9% |
Housing Supply in Ridgetop, TN
How many homes are available in Ridgetop, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 16 | +14.3% |
Summary: The Ridgetop real estate market had 16 homes for sale in May 2024, a 14.3% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Ridgetop 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 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 7 | +600.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ridgetop, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Ridgetop in May 2024, up by 600.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 57% were sold at asking, and 0% were sold over asking.
Days on Market for Ridgetop, TN
How long does it take to sell a home in Ridgetop, TN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 27 Days | 13 Days | -49.7% |
Summary: Homes in Ridgetop had an average of 13 days on market in May 2024, down by 49.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ridgetop are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Ridgetop; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% 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.