$4,511 Closing Credit*
$379,900
1,443 SqFt
2 Beds
•1 Full Bath
Whit Murray, Listing Office: Compass
Is Parkwood / Union Hill, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Parkwood / Union Hill was a Seller's Market.
Key Takeaway
Parkwood / Union Hill is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Parkwood / Union Hill, TN
How much do homes in Parkwood / Union Hill, TN cost?
Median Sold Price
$384,760
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$4,403(-1.1%)
Key Takeaway
Homes in Parkwood / Union Hill have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in Parkwood / Union Hill was $384,760 in November 2024, down 1.1% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $316.5K | $221.2K | -30.1% |
| 3 Bedrooms | $370K | $350.9K | -5.2% |
| 4 Bedrooms | $469.2K | $467.5K | -0.4% |
| 5+ Bedrooms | $498.9K | $499.9K | 0.2% |
Summary: Parkwood / Union Hill 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 decreased by 30.1%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 0.2%.
Housing Supply in Parkwood / Union Hill, TN
How many homes are available in Parkwood / Union Hill, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 136 | 133 | -2.2% |
Summary: The Parkwood / Union Hill real estate market had 133 homes for sale in November 2024, a 2.2% decrease 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 | 6 | 6 | 0.0% |
| 3 Bedrooms | 80 | 76 | -5.0% |
| 4 Bedrooms | 39 | 36 | -7.7% |
| 5+ Bedrooms | 11 | 15 | +36.4% |
Summary: The Parkwood / Union Hill 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 decreased by 5%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 36.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 19 | -34.5% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Parkwood / Union Hill, you may be able to get a good deal. 57.9% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Parkwood / Union Hill in November 2024, down by 34.5% month-over-month. Of the 19 sold homes, 58% were sold under asking, 32% were sold at asking, and 11% were sold over asking.
Days on Market for Parkwood / Union Hill, TN
How long does it take to sell a home in Parkwood / Union Hill, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 41 Days | +147.3% |
Summary: Homes in Parkwood / Union Hill had an average of 41 days on market in Nov 2024, up by 147.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Parkwood / Union Hill are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 19 homes were sold in Parkwood / Union Hill; 53% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 5% 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. 
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