$132,000
11.00 Acres
Land
Daniel Wree, Listing Office: Keller Williams Realty Nashville/Franklin
Is Erin, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Erin has remained a Seller's Market.
Key Takeaway
Erin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Erin, TN
How much do homes in Erin, TN cost?
Median Sold Price
$230,000
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$31,000(+15.6%)
Key Takeaway
Homes in Erin have sold for 15.6% more than they did a year ago.
Summary: The median home sold price in Erin was $230,000 in October 2024, up 15.6% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $45K | $145K | +222.2% |
| 2 Bedrooms | $175K | $161K | -8.0% |
| 3 Bedrooms | $225.4K | $225K | -0.2% |
| 4 Bedrooms | $330K | $387.5K | +17.4% |
| 5+ Bedrooms | - | $538K | N/A |
Summary: Erin housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 222.2%, 2 bedroom homes decreased by 8%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes did not change.
Housing Supply in Erin, TN
How many homes are available in Erin, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 15 | 0.0% |
Summary: The Erin real estate market had 15 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 10 | 8 | -20.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Erin 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 100%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Erin, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Erin in October 2024, up by 400.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Erin, TN
How long does it take to sell a home in Erin, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 58 Days | 51 Days | -12.1% |
Summary: Homes in Erin had an average of 51 days on market in Oct 2024, down by 12.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Erin has remained consistent over time.
Summary: During October 2024, 5 homes were sold in Erin; 20% of homes were sold within 30 days, 80% 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.