Is Castalian Springs, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Castalian Springs is a buyer's market

Buyer's
Market

Difference Since December 2023

At the same time last year, Castalian Springs was a Seller's Market.

Key Takeaway

Castalian Springs is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Castalian Springs, TN

How much do homes in Castalian Springs, TN cost?

Median Sold Price

$465,000

$233/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$51,700(+12.5%)

Key Takeaway

Homes in Castalian Springs have sold for 12.5% more than they did a year ago.

Summary: The median home sold price in Castalian Springs was $465,000 in December 2024, up 12.5% from last year, and the median price per square foot was $233.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $385K-
N/A
3 $410K$432K
+5.4%
4 $579.8K$702K
+21.1%
5+ $772K$500K
-35.2%

Summary: Castalian Springs housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes decreased by 35.2%.

Median Sold Price Compared To Nearby Cities

Bethpage
+22.5%
Castalian Springs
+12.5%
Hartsville
+12.1%

Housing Supply in Castalian Springs, TN

How many homes are available in Castalian Springs, TN?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2023+15.0%

Summary: The Castalian Springs real estate market had 23 homes for sale in December 2024, a 15.0% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1618
+12.5%
4 34
+33.3%
5+ 11
0.0%

Summary: The Castalian Springs housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Castalian Springs, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in Castalian Springs in December 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.

Days on Market for Castalian Springs, TN

How long does it take to sell a home in Castalian Springs, TN?

Average Sale Time

Dec 2023Dec 2024CHANGE
50 Days28 Days-43.9%

Summary: Homes in Castalian Springs had an average of 28 days on market in Dec 2024, down by 43.9% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Castalian Springs are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 3 homes were sold in Castalian Springs; 67% of homes were sold within 30 days, 33% 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 2 Days Ago

Newest Listings in Castalian Springs, TN

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