$950,000
79.80 Acres
Land
Brice Lewis, Listing Office: Century 21 Platinum Properties
Is Erin, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Erin was a Seller's Market.
Key Takeaway
Erin is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Erin, TN
How much do homes in Erin, TN cost?
Median Sold Price
$232,500
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$35,500(+18.0%)
Key Takeaway
Homes in Erin have sold for 18% more than they did a year ago.
Summary: The median home sold price in Erin was $232,500 in November 2024, up 18% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $45K | $145K | +222.2% |
| 2 Bedrooms | $175K | $148K | -15.4% |
| 3 Bedrooms | $218K | $225K | +3.2% |
| 4 Bedrooms | $330K | $387.5K | +17.4% |
| 5+ Bedrooms | - | $538K | N/A |
Summary: Erin housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 222.2%, 2 bedroom homes decreased by 15.4%, 3 bedroom homes increased by 3.2%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 10 | -23.1% |
Summary: The Erin real estate market had 10 homes for sale in November 2024, a 23.1% 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Erin 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 25%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 1 | -80.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Erin, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Erin in November 2024, down by 80.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Erin, TN
We’re sorry, we don't have information for this market at the moment
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Erin are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in Erin; 100% of homes were sold within 30 days, 0% 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.