Is Arlington, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Arlington is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Arlington was a Seller's Market.

Key Takeaway

Arlington is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Arlington, TN

How much do homes in Arlington, TN cost?

Median Sold Price

$467,500

-

Based on all homes sold in November 2024.

Difference Since Last Month

+$30,525(+7.0%)

Key Takeaway

Homes in Arlington have sold for 7% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $278.2K$419.9K
+50.9%
4 $514.3K$513.8K
-0.1%
5+ $514.9K$547.5K
+6.3%

Summary: Arlington housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 50.9%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes increased by 6.3%.

Median Sold Price Compared To Nearby Cities

Lakeland
+23.2%
Arlington
+7.0%
Memphis
-3.8%
Eads
-18.2%

Housing Supply in Arlington, TN

How many homes are available in Arlington, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
153150-2.0%

Summary: The Arlington real estate market had 150 homes for sale in November 2024, a 2.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 4136
-12.2%
4 7673
-3.9%
5+ 3641
+13.9%

Summary: The Arlington housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 12.2%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes increased by 13.9%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3822-42.1%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Arlington, expect to pay close to the asking price. 59.1% of homes here sold near the asking price last month.

Summary: A total of 22 homes were sold or pending in Arlington in November 2024, down by 42.1% month-over-month. Of the 22 sold homes, 36% were sold under asking, 59% were sold at asking, and 5% were sold over asking.

Days on Market for Arlington, TN

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Arlington, TN

Nearby Markets to Arlington, TN

What housing markets are near Arlington, TN?