$3,432 Closing Credit*
$289,000
1,122 SqFt
2 Beds
•2 Full Baths, 1 Partial
Listing Office: Parkside Realty
Is Ridgedale / Oak Grove / Clifton Hills, 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, Ridgedale / Oak Grove / Clifton Hills was a Neutral Market.
Key Takeaway
Ridgedale / Oak Grove / Clifton Hills is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ridgedale / Oak Grove / Clifton Hills, TN
How much do homes in Ridgedale / Oak Grove / Clifton Hills, TN cost?
Median Sold Price
$295,680
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$17,680(+6.4%)
Key Takeaway
Homes in Ridgedale / Oak Grove / Clifton Hills have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in Ridgedale / Oak Grove / Clifton Hills was $295,680 in November 2024, up 6.4% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $279.9K | $286K | +2.2% |
| 2 Bedrooms | $120K | $259K | +115.8% |
| 3 Bedrooms | $235K | $302K | +28.5% |
| 4 Bedrooms | $405K | $459.3K | +13.4% |
| 5+ Bedrooms | $342.5K | - | N/A |
Summary: Ridgedale / Oak Grove / Clifton Hills housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.2%, 2 bedroom homes increased by 115.8%, 3 bedroom homes increased by 28.5%, 4 bedroom homes increased by 13.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Oak Grove | $140K | $327K | +133.6% |
| Highland Park | $359.9K | $385K | +7.0% |
| Ridgedale / Oak Grove / Clifton Hills | $278K | $295.6K | +6.4% |
| Ridgedale | $334K | $299K | -10.5% |
Housing Supply in Ridgedale / Oak Grove / Clifton Hills, TN
How many homes are available in Ridgedale / Oak Grove / Clifton Hills, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 53 | 62 | +17.0% |
Summary: The Ridgedale / Oak Grove / Clifton Hills real estate market had 62 homes for sale in November 2024, a 17.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 3 | 13 | +333.3% |
| 3 Bedrooms | 37 | 40 | +8.1% |
| 4 Bedrooms | 10 | 7 | -30.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Ridgedale / Oak Grove / Clifton Hills housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 333.3%, 3 bedroom homes increased by 8.1%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 8 | -42.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ridgedale / Oak Grove / Clifton Hills, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Ridgedale / Oak Grove / Clifton Hills in November 2024, down by 42.9% month-over-month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.
Days on Market for Ridgedale / Oak Grove / Clifton Hills, TN
How long does it take to sell a home in Ridgedale / Oak Grove / Clifton Hills, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 13 Days | 17 Days | +30.8% |
Summary: Homes in Ridgedale / Oak Grove / Clifton Hills had an average of 17 days on market in Nov 2024, up by 30.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ridgedale / Oak Grove / Clifton Hills are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in Ridgedale / Oak Grove / Clifton Hills; 25% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% 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.