$482,900
52.50 Acres
Land
Kelly Anderson, Listing Office: RE/MAX 1st Realty
Is Beersheba Springs, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Beersheba Springs has remained a Seller's Market.
Key Takeaway
Beersheba Springs is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Beersheba Springs, TN
How much do homes in Beersheba Springs, TN cost?
Median Sold Price
$164,900
$135/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$534,100(-76.4%)
Key Takeaway
Homes in Beersheba Springs have sold for 76.4% less than they did a month ago.
Summary: The median home sold price in Beersheba Springs was $164,900 in October 2024, down 76.4% from last month, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $89.9K | N/A |
| 3 Bedrooms | $699K | $280K | -59.9% |
| 4 Bedrooms | - | $239.9K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Beersheba Springs housing prices by bedroom type for October 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 decreased by 59.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Beersheba Springs, TN
How many homes are available in Beersheba Springs, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Summary: The Beersheba Springs real estate market had 6 homes for sale in October 2024, a 50.0% increase 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 | 0 | 3 | +100.0% |
| 3 Bedrooms | 2 | 1 | -50.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Beersheba Springs 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 100%, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, 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
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Beersheba Springs, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Beersheba Springs in October 2024, up by 300.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Beersheba Springs, TN
How long does it take to sell a home in Beersheba Springs, TN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 48 Days | +100.0% |
Summary: Homes in Beersheba Springs had an average of 48 days on market in Oct 2024, up by 100% compared to last month.
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 Beersheba Springs are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Beersheba Springs; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% 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.