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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Midtown is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Midtown has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Midtown, TN

How much do homes in Midtown, TN cost?

Median Sold Price

$320,000

-

Based on all homes sold in October 2024.

Difference Since Last Month

-$10,000(-3.0%)

Key Takeaway

Homes in Midtown have sold for 3% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$212K
N/A
3 $330K$365K
+10.6%
4 -$320K
N/A
5+ --
N/A

Summary: Midtown 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 increased by 10.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Midtown, TN

How many homes are available in Midtown, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2834+21.4%

Summary: The Midtown real estate market had 34 homes for sale in October 2024, a 21.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 811
+37.5%
3 1111
0.0%
4 47
+75.0%
5+ 33
0.0%

Summary: The Midtown 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 37.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 75%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Midtown, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Midtown in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Midtown, TN

We’re sorry, we don't have information for this market at the moment

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

Report Updated 21 Days Ago

Newest Listings in Midtown, TN

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