$4,038 Closing Credit*
$340,000
1,250 SqFt
3 Beds
•1 Full Bath
Peter L. Richard, Listing Office: RE/MAX Carriage House
Is La Vergne, 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, La Vergne has remained a Seller's Market.
Key Takeaway
La Vergne is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in La Vergne, TN
How much do homes in La Vergne, TN cost?
Median Sold Price
$360,000
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$3,094(-0.9%)
Key Takeaway
Homes in La Vergne have sold for 0.9% less than they did a year ago.
Summary: The median home sold price in La Vergne was $360,000 in October 2024, down 0.9% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $254.3K | $249K | -2.1% |
| 3 Bedrooms | $340K | $350K | +2.9% |
| 4 Bedrooms | $469.9K | $434K | -7.6% |
| 5+ Bedrooms | $550.2K | $579.3K | +5.3% |
Summary: La Vergne housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.1%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 7.6%, and 5+ bedroom homes increased by 5.3%.
Median Sold Price Compared To Nearby Cities
| Smyrna | $399.4K | $440.7K | +10.3% |
| La Vergne | $363K | $360K | -0.9% |
Housing Supply in La Vergne, TN
How many homes are available in La Vergne, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 161 | 172 | +6.8% |
Summary: The La Vergne real estate market had 172 homes for sale in October 2024, a 6.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 16 | +14.3% |
| 3 Bedrooms | 98 | 95 | -3.1% |
| 4 Bedrooms | 39 | 46 | +17.9% |
| 5+ Bedrooms | 10 | 15 | +50.0% |
Summary: The La Vergne 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 14.3%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 36 | +5.9% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in La Vergne, you may be able to get a good deal. 38.2% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in La Vergne in October 2024, up by 5.9% month-over-month. Of the 34 sold homes, 38% were sold under asking, 38% were sold at asking, and 24% were sold over asking.
Days on Market for La Vergne, TN
How long does it take to sell a home in La Vergne, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 26 Days | -3.2% |
Summary: Homes in La Vergne had an average of 26 days on market in Oct 2024, down by 3.2% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in La Vergne are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 36 homes were sold in La Vergne; 75% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 6% 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.