Is Gordonsville, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gordonsville is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Gordonsville has remained a Seller's Market.

Key Takeaway

Gordonsville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Gordonsville, TN

How much do homes in Gordonsville, TN cost?

Median Sold Price

$334,999

$225/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$1,000(-0.3%)

Key Takeaway

The sold price of homes in Gordonsville has remained the same since last month.

Summary: The median home sold price in Gordonsville was $334,999 in October 2024, down 0.3% from last month, and the median price per square foot was $225.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $285K-
N/A
3 $345K$334.9K
-2.9%
4 --
N/A
5+ --
N/A

Summary: Gordonsville 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 did not change, 3 bedroom homes decreased by 2.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Gordonsville
-0.3%
Hickman
-14.4%

Housing Supply in Gordonsville, TN

How many homes are available in Gordonsville, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1311-15.4%

Summary: The Gordonsville real estate market had 11 homes for sale in October 2024, a 15.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 10
-100.0%
3 86
-25.0%
4 23
+50.0%
5+ 00
0.0%

Summary: The Gordonsville 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 decreased by 100%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gordonsville, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Gordonsville in October 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Gordonsville, TN

How long does it take to sell a home in Gordonsville, TN?

Average Sale Time

Sep 2024Oct 2024CHANGE
83 Days109 Days+30.5%

Summary: Homes in Gordonsville had an average of 109 days on market in Oct 2024, up by 30.5% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Gordonsville are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 2 homes were sold in Gordonsville; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Gordonsville, TN

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