$60,000
0.28 Acres
Land
Listing Office: The Group Real Estate Brokerage
Is Avondale, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Avondale has remained a Seller's Market.
Key Takeaway
Avondale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Avondale, TN
How much do homes in Avondale, TN cost?
Median Sold Price
$110,000
$115/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$46,500(-29.7%)
Key Takeaway
Homes in Avondale have sold for 29.7% less than they did a year ago.
Summary: The median home sold price in Avondale was $110,000 in November 2024, down 29.7% from last year, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | $165K | +106.3% |
| 2 Bedrooms | $97.5K | $83.7K | -14.1% |
| 3 Bedrooms | $155K | $167K | +7.7% |
| 4 Bedrooms | $210K | $220K | +4.8% |
| 5+ Bedrooms | $167.9K | $83.7K | -50.1% |
Summary: Avondale housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 106.3%, 2 bedroom homes decreased by 14.1%, 3 bedroom homes increased by 7.7%, 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 | $255K | $260K | +2.0% |
| Glenwood / Eastdale | $200K | $195K | -2.5% |
| Avondale | $156.5K | $110K | -29.7% |
Housing Supply in Avondale, TN
How many homes are available in Avondale, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 36 | 36 | 0.0% |
Summary: The Avondale real estate market had 36 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 13 | 0.0% |
| 3 Bedrooms | 19 | 19 | 0.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Avondale 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Avondale, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Avondale in November 2024, up by 75.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 1 Days | 49 Days | +3200.0% |
Summary: Homes in Avondale had an average of 49 days on market in Nov 2024, up by 3200% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Avondale are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Avondale; 14% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% 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.