$5,047 Closing Credit*
$425,000
4 Beds
•3 Full Baths
Listing Office: Collier 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 Seller's Market.
Key Takeaway
Central Gardens is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Central Gardens, TN
How much do homes in Central Gardens, TN cost?
Median Sold Price
$387,325
-
Based on all homes sold in November 2024.
Difference Since Last Month
+$51,325(+15.3%)
Key Takeaway
Homes in Central Gardens have sold for 15.3% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $287.5K | $215K | -25.2% |
| 3 Bedrooms | $336K | $471.1K | +40.2% |
| 4 Bedrooms | $538K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Central Gardens 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 decreased by 25.2%, 3 bedroom homes increased by 40.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Central Gardens | $336K | $387.3K | +15.3% |
| Cooper Young | $351.9K | $305K | -13.3% |
| Midtown | $302.7K | $235K | -22.4% |
Housing Supply in Central Gardens, TN
How many homes are available in Central Gardens, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 50 | 46 | -8.0% |
Summary: The Central Gardens real estate market had 46 homes for sale in November 2024, a 8.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 7 | -22.2% |
| 3 Bedrooms | 19 | 15 | -21.1% |
| 4 Bedrooms | 16 | 16 | 0.0% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Central Gardens 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 decreased by 22.2%, 3 bedroom homes decreased by 21.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 3 | -66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Central Gardens, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Central Gardens in November 2024, down by 66.7% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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
