$8,063 Closing Credit*
$679,000
5 Beds
•4 Full Baths, 1 Partial
Listing Office: Hobson, REALTORS
Is Central Gardens, 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, Central Gardens was a Buyer's Market.
Key Takeaway
Central Gardens is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Central Gardens, TN
How much do homes in Central Gardens, TN cost?
Median Sold Price
$336,000
-
Based on all homes sold in October 2024.
Difference Since Last Month
-$279,000(-45.4%)
Key Takeaway
Homes in Central Gardens have sold for 45.4% less than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $175.1K | $287.5K | +64.1% |
| 3 Bedrooms | - | $336K | N/A |
| 4 Bedrooms | $615K | $538K | -12.5% |
| 5+ Bedrooms | $800K | - | N/A |
Summary: Central Gardens 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 increased by 64.1%, 3 bedroom homes did not change, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Midtown | $330K | $320K | -3.0% |
| Central Gardens | $615K | $336K | -45.4% |
Housing Supply in Central Gardens, TN
How many homes are available in Central Gardens, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 50 | +13.6% |
Summary: The Central Gardens real estate market had 50 homes for sale in October 2024, a 13.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 9 | +28.6% |
| 3 Bedrooms | 17 | 18 | +5.9% |
| 4 Bedrooms | 13 | 17 | +30.8% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Central Gardens 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 28.6%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 9 | +80.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Central Gardens, you may be able to get a good deal. 88.9% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Central Gardens in October 2024, up by 80.0% month-over-month. Of the 9 sold homes, 89% were sold under asking, 11% were sold at asking, and 0% were sold over asking.
Days on Market for Central Gardens, TN
We’re sorry, we don't have information for this market at the moment
