$5,580 Closing Credit*
$469,900
2,124 SqFt
4 Beds
•2 Full Baths, 1 Partial
Missy Chandler, Listing Office: Parker Peery Properties
Is Burns, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Burns was a Neutral Market.
Key Takeaway
Burns is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Burns, TN
How much do homes in Burns, TN cost?
Median Sold Price
$453,500
$268/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$31,500(+7.5%)
Key Takeaway
Homes in Burns have sold for 7.5% more than they did a month ago.
Summary: The median home sold price in Burns was $453,500 in November 2024, up 7.5% from last month, and the median price per square foot was $268.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $422K | - | N/A |
| 3 Bedrooms | $465K | $374.3K | -19.5% |
| 4 Bedrooms | $375K | $1.0M | +166.7% |
| 5+ Bedrooms | $582K | - | N/A |
Summary: Burns housing prices by bedroom type for November 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 19.5%, 4 bedroom homes increased by 166.7%, and 5+ bedroom homes did not change.
Housing Supply in Burns, TN
How many homes are available in Burns, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 46 | 45 | -2.2% |
Summary: The Burns real estate market had 45 homes for sale in November 2024, a 2.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 30 | 28 | -6.7% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Burns 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 decreased by 6.7%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Burns, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Burns in November 2024, up by 14.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.
Days on Market for Burns, TN
How long does it take to sell a home in Burns, TN?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 Days | 22 Days | -41.3% |
Summary: Homes in Burns had an average of 22 days on market in Nov 2024, down by 41.3% compared to last month.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Burns are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in Burns; 88% of homes were sold within 30 days, 13% 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.