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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Joelton is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, Joelton has remained a Buyer's Market.

Key Takeaway

Joelton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Joelton, TN

How much do homes in Joelton, TN cost?

Median Sold Price

$439,900

$231/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$25,100(-5.4%)

Key Takeaway

Homes in Joelton have sold for 5.4% less than they did a year ago.

Summary: The median home sold price in Joelton was $439,900 in November 2024, down 5.4% from last year, and the median price per square foot was $231.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $379.5K$395K
+4.1%
3 $449K$439.9K
-2.0%
4 $507.5K$422.5K
-16.7%
5+ -$575K
N/A

Summary: Joelton housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.1%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes did not change.

Housing Supply in Joelton, TN

How many homes are available in Joelton, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2827-3.6%

Summary: The Joelton real estate market had 27 homes for sale in November 2024, a 3.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 02
+100.0%
3 1915
-21.1%
4 87
-12.5%
5+ 13
+200.0%

Summary: The Joelton 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 increased by 100%, 3 bedroom homes decreased by 21.1%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
83-62.5%

Asking Price vs. Sold Price

2 Homes Were 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 Joelton, 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 Joelton in November 2024, down by 62.5% 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 Joelton, TN

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

Average Sale Time

Nov 2023Nov 2024CHANGE
33 Days4 Days-86.1%

Summary: Homes in Joelton had an average of 4 days on market in Nov 2024, down by 86.1% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Joelton are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in Joelton; 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.

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

Report Updated 3 Days Ago

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