Is Bon Aqua, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bon Aqua is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Bon Aqua, TN

How much do homes in Bon Aqua, TN cost?

Median Sold Price

$418,500

$240/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$28,550(+7.3%)

Key Takeaway

Homes in Bon Aqua have sold for 7.3% more than they did a year ago.

Summary: The median home sold price in Bon Aqua was $418,500 in October 2024, up 7.3% from last year, and the median price per square foot was $240.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$139K
N/A
2 $261.4K$234.9K
-10.2%
3 $384.9K$412.7K
+7.2%
4 $685.9K$512K
-25.4%
5+ $420K-
N/A

Summary: Bon Aqua 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 10.2%, 3 bedroom homes increased by 7.2%, 4 bedroom homes decreased by 25.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Nunnelly
+26.5%
Fairview
+11.4%
Bon Aqua
+7.3%
Lyles
+2.0%

Housing Supply in Bon Aqua, TN

How many homes are available in Bon Aqua, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3029-3.3%

Summary: The Bon Aqua real estate market had 29 homes for sale in October 2024, a 3.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 87
-12.5%
3 1616
0.0%
4 55
0.0%
5+ 00
0.0%

Summary: The Bon Aqua 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 12.5%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
57+40.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bon Aqua, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Bon Aqua in October 2024, up by 40.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.

Days on Market for Bon Aqua, TN

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

Average Sale Time

Oct 2023Oct 2024CHANGE
31 Days26 Days-15.7%

Summary: Homes in Bon Aqua had an average of 26 days on market in Oct 2024, down by 15.7% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Bon Aqua has remained consistent over time.

Summary: During October 2024, 7 homes were sold in Bon Aqua; 43% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 0% 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 4 Days Ago

Newest Listings in Bon Aqua, TN

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