$1,686 Closing Credit*
$142,000
1,026 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: Keller Williams Realty
Is Avondale, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Avondale was a Seller's Market.
Key Takeaway
Avondale is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Avondale, TN
How much do homes in Avondale, TN cost?
Median Sold Price
$109,500
$104/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$50,500(-31.6%)
Key Takeaway
Homes in Avondale have sold for 31.6% less than they did a year ago.
Summary: The median home sold price in Avondale was $109,500 in October 2024, down 31.6% from last year, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | $165K | +106.3% |
| 2 Bedrooms | $98.7K | $81.8K | -17.1% |
| 3 Bedrooms | $156.5K | $156K | -0.3% |
| 4 Bedrooms | $210K | $220K | +4.8% |
| 5+ Bedrooms | $167.9K | $83.7K | -50.1% |
Summary: Avondale housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 106.3%, 2 bedroom homes decreased by 17.1%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 50.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Bushtown / Highland Park | $264.9K | $260K | -1.9% |
| Glenwood / Eastdale | $203K | $190K | -6.4% |
| Avondale | $160K | $109.5K | -31.6% |
Housing Supply in Avondale, TN
How many homes are available in Avondale, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 37 | +37.0% |
Summary: The Avondale real estate market had 37 homes for sale in October 2024, a 37.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 12 | +20.0% |
| 3 Bedrooms | 15 | 20 | +33.3% |
| 4 Bedrooms | 1 | 4 | +300.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Avondale 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 increased by 20%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 300%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Avondale, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Avondale in October 2024, up by 300.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 75% were sold at asking, and 0% were sold over asking.
Days on Market for Avondale, TN
How long does it take to sell a home in Avondale, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 34 Days | +109.1% |
Summary: Homes in Avondale had an average of 34 days on market in Oct 2024, up by 109.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Avondale are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Avondale; 25% of homes were sold within 30 days, 25% 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.