$10,000 Closing Credit*
$2,350,000
5,962 SqFt
6 Beds
•5 Full Baths, 2 Partial
Jody More, Listing Office: Kings Chapel Realty, Inc.
Is Arrington, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$961,925
$282/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$16,789(-1.7%)
Key Takeaway
Homes in Arrington have sold for 1.7% less than they did a year ago.
Summary: The median home sold price in Arrington was $961,925 in October 2024, down 1.7% from last year, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $3.7M | $372.5K | -90.1% |
| 3 Bedrooms | $573.7K | $880K | +53.4% |
| 4 Bedrooms | $899.9K | $944K | +4.9% |
| 5+ Bedrooms | $1.1M | $1.0M | -11.6% |
Summary: Arrington housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 90.1%, 3 bedroom homes increased by 53.4%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes decreased by 11.6%.
Median Sold Price Compared To Nearby Cities
| College Grove | $1.2M | $1.3M | +13.9% |
| Arrington | $978.7K | $961.9K | -1.7% |
Housing Supply in Arrington, TN
How many homes are available in Arrington, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 86 | 82 | -4.7% |
Summary: The Arrington real estate market had 82 homes for sale in October 2024, a 4.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 41 | 37 | -9.8% |
| 5+ Bedrooms | 34 | 35 | +2.9% |
Summary: The Arrington housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 9.8%, and 5+ bedroom homes increased by 2.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 18 | -10.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Arrington, expect to pay close to the asking price. 61.1% of homes here sold near the asking price last month.
Summary: A total of 18 homes were sold or pending in Arrington in October 2024, down by 10.0% month-over-month. Of the 18 sold homes, 28% were sold under asking, 61% were sold at asking, and 11% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 32 Days | +7.1% |
Summary: Homes in Arrington had an average of 32 days on market in Oct 2024, up by 7.1% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Arrington are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 18 homes were sold in Arrington; 89% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 11% 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.