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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Arrington is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, Arrington has remained a Seller's Market.

Key Takeaway

Arrington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Arrington, TN

How much do homes in Arrington, TN cost?

Median Sold Price

$985,438

$287/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$19,973(+2.1%)

Key Takeaway

Homes in Arrington have sold for 2.1% more than they did a year ago.

Summary: The median home sold price in Arrington was $985,438 in December 2024, up 2.1% from last year, and the median price per square foot was $287.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$395K
N/A
2 $445K$889.3K
+99.9%
3 $784K$833.5K
+6.3%
4 $925.3K$950K
+2.7%
5+ $1.0M$1.0M
0.1%

Summary: Arrington housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 99.9%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 0.1%.

Median Sold Price Compared To Nearby Cities

College Grove
+14.5%
Arrington
+2.1%

Housing Supply in Arrington, TN

How many homes are available in Arrington, TN?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
67670.0%

Summary: The Arrington real estate market had 67 homes for sale in December 2024, the same as November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 10
-100.0%
2 21
-50.0%
3 68
+33.3%
4 2928
-3.4%
5+ 2930
+3.4%

Summary: The Arrington housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 3.4%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1428+100.0%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Arrington, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 28 homes were sold or pending in Arrington in December 2024, up by 100.0% month-over-month. Of the 28 sold homes, 50% were sold under asking, 36% were sold at asking, and 14% were sold over asking.

Days on Market for Arrington, TN

How long does it take to sell a home in Arrington, TN?

Average Sale Time

Dec 2023Dec 2024CHANGE
10 Days33 Days+223.6%

Summary: Homes in Arrington had an average of 33 days on market in Dec 2024, up by 223.6% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Arrington are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 28 homes were sold in Arrington; 71% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.

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

Report Updated 2 Days Ago

Newest Listings in Arrington, TN

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