$2,078 Closing Credit*
$175,000
4 Beds
•2 Full Baths
Listing Office: The Home Partners Realty
Is Parkway Village, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Parkway Village was a Neutral Market.
Key Takeaway
Parkway Village is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Parkway Village, TN
How much do homes in Parkway Village, TN cost?
Median Sold Price
$109,500
-
Based on all homes sold in October 2024.
Difference Since Last Month
+$4,500(+4.3%)
Key Takeaway
Homes in Parkway Village have sold for 4.3% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $62.5K | $109K | +74.4% |
| 4 Bedrooms | $175K | $110K | -37.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: Parkway Village 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 74.4%, 4 bedroom homes decreased by 37.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Parkway Village | $105K | $109.5K | +4.3% |
| Southeast Memphis | $190K | $179.9K | -5.3% |
| Colonial Acres | $237.5K | $215K | -9.5% |
Housing Supply in Parkway Village, TN
How many homes are available in Parkway Village, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 23 | +21.1% |
Summary: The Parkway Village real estate market had 23 homes for sale in October 2024, a 21.1% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 15 | 20 | +33.3% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Parkway Village 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Parkway Village, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Parkway Village in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Parkway Village, TN
We’re sorry, we don't have information for this market at the moment
