Is Wilson County, 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, Wilson County has remained a Seller's Market.
Housing Prices in Wilson County, TN
How much do homes in Wilson County, TN cost?
Median Sold Price
$478,240
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Wilson County was $478,240 in May 2024, up 6.6% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $310K | $130K | -58.1% |
2 Bedrooms | $305.9K | $360K | +17.7% |
3 Bedrooms | $378.3K | $410K | +8.4% |
4 Bedrooms | $588.8K | $583.4K | -0.9% |
5+ Bedrooms | $649.7K | $674.7K | +3.8% |
Summary: Wilson County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 58.1%, 2 bedroom homes increased by 17.7%, 3 bedroom homes increased by 8.4%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 3.8%.
Median Sold Price Compared To Nearby Counties
Trousdale County | $300K | $334.9K | +11.6% |
Wilson County | $448.5K | $478.2K | +6.6% |
Sumner County | $426.2K | $440.1K | +3.3% |
Smith County | $291.8K | $299.9K | +2.8% |
Davidson County | $449.6K | $461.5K | +2.6% |
Housing Supply in Wilson County, TN
How many homes are available in Wilson County, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
931 | 1,015 | +9.0% |
Summary: The Wilson County real estate market had 1,015 homes for sale in May 2024, a 9.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 81 | 74 | -8.6% |
3 Bedrooms | 440 | 467 | +6.1% |
4 Bedrooms | 317 | 373 | +17.7% |
5+ Bedrooms | 90 | 99 | +10.0% |
Summary: The Wilson County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 8.6%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 17.7%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
200 | 207 | +3.5% |
Asking Price vs. Sold Price
94 Homes Were Sold
Under Asking
77 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Summary: A total of 207 homes were sold or pending in Wilson County in May 2024, up by 3.5% month-over-month. Of the 202 sold homes, 47% were sold under asking, 38% were sold at asking, and 15% were sold over asking.
Days on Market for Wilson County, TN
How long does it take to sell a home in Wilson County, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
23 Days | 24 Days | +3.0% |
Summary: Homes in Wilson County had an average of 24 days on market in May 2024, up by 3% compared to last year.
Breakdown of Home Sale Times
157 Homes Were Sold
Under 30 Days
28 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Summary: During May 2024, 207 homes were sold in Wilson County; 76% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.