$10,000 Closing Credit*
$2,288,000
6,851 SqFt
6 Beds
•5 Full Baths, 2 Partial
Kimberly (Kim) Cox, Listing Office: Middle Tennessee Real Estate
Is Cool Springs, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Cool Springs has remained a Seller's Market.
Key Takeaway
Cool Springs is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cool Springs, TN
How much do homes in Cool Springs, TN cost?
Median Sold Price
$799,950
$297/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$52,200(+7.0%)
Key Takeaway
Homes in Cool Springs have sold for 7% more than they did a year ago.
Summary: The median home sold price in Cool Springs was $799,950 in November 2024, up 7% from last year, and the median price per square foot was $297.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $414.9K | $219K | -47.2% |
| 2 Bedrooms | $422.7K | $453K | +7.2% |
| 3 Bedrooms | $612.5K | $640K | +4.5% |
| 4 Bedrooms | $868K | $870K | 0.2% |
| 5+ Bedrooms | $1.3M | $1.3M | -1.3% |
Summary: Cool Springs housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 47.2%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes decreased by 1.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Cool Springs | $747.7K | $799.9K | +7.0% |
| McKay's Mill | $780K | $765K | -1.9% |
Housing Supply in Cool Springs, TN
How many homes are available in Cool Springs, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 115 | 113 | -1.7% |
Summary: The Cool Springs real estate market had 113 homes for sale in November 2024, a 1.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 19 | 16 | -15.8% |
| 3 Bedrooms | 35 | 36 | +2.9% |
| 4 Bedrooms | 35 | 39 | +11.4% |
| 5+ Bedrooms | 24 | 20 | -16.7% |
Summary: The Cool Springs 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 15.8%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 28 | +12.0% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cool Springs, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in Cool Springs in November 2024, up by 12.0% month-over-month. Of the 28 sold homes, 71% were sold under asking, 18% were sold at asking, and 11% were sold over asking.
Days on Market for Cool Springs, TN
How long does it take to sell a home in Cool Springs, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 31 Days | 29 Days | -4.5% |
Summary: Homes in Cool Springs had an average of 29 days on market in Nov 2024, down by 4.5% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cool Springs are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 28 homes were sold in Cool Springs; 64% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 11% 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.