$1,900 Closing Credit*
$159,999
3 Beds
•1 Full Bath, 1 Partial
Listing Office: Patterson & Assoc. Real Estate
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
Since last month, Parkway Village has remained a Seller's 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
$112,500
-
Based on all homes sold in November 2024.
Difference Since Last Month
+$3,000(+2.7%)
Key Takeaway
Homes in Parkway Village have sold for 2.7% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $109K | $112.5K | +3.2% |
| 4 Bedrooms | $110K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Parkway Village housing prices by bedroom type for November 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 3.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Parkway Village | $109.5K | $112.5K | +2.7% |
| Colonial Acres | $207.5K | $199.9K | -3.7% |
| Southeast Memphis | $179.9K | $161.5K | -10.2% |
Housing Supply in Parkway Village, TN
How many homes are available in Parkway Village, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 30 | +42.9% |
Summary: The Parkway Village real estate market had 30 homes for sale in November 2024, a 42.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 19 | 28 | +47.4% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Parkway Village 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 remained the same, 3 bedroom homes increased by 47.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Parkway Village, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Parkway Village in November 2024, up by 50.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% 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
